Pro Business advice

Are you paying the right amount of tax?

As we start to get a better understanding of the new ‘Business as usual’ operating landscape and the initial urgency around business disruption dissipates, at BDO our focus has now shifted to ensure local business have the ongoing support and strategies in place for the medium to long term time periods. By building resilience and taking full advantage of the...

Business after Covid19 – our new normal

The COVID-19 pandemic will in all likelihood change the way that we do business for a long time to come.For most businesses’ turnover is down and owners are having to turn their attention to dealing with an environment that is constantly changing during this time of uncertainty, their inventory requirements (especially those who are reliant on the import & export...

Moving to the Cloud isn’t enough

Over the second half of the last decade we have seen the progression and growth of the tech sector all but explode and stamp its claim on the world’s business landscape. These developments have revolutionised the way that businesses operate and streamlined many of their day to day processes. Accountants may appear to be on the endangered species list in...

Are you ready for your business to grow?

The goal of most businesses is to grow. Growth is exciting. Growth implies success. More sales, more customers, more staff, more profit. But the reality can be very different. We’ll explore some of the common issues SMEs face during a growth stage; and offer some practical advice for how to work through them. Issues like how to approach business planning,...

Drive performance by better understanding the numbers

Hawke’s Bay’s economy is booming. The region is experiencing growth across a range of sectors and industries, unemployment numbers are dropping, house prices continue to rise and there is an air of business confidence within the region which is encouraging business owners to look to their future and what opportunities these positive developments could bring. One of these opportunities is...

Strategic planning for business success

In our experience, we find many businesses rate strategy as hugely important but don’t have the time, skills or knowledge to implement meaningful strategy in their own businesses. This often stems from business owners being subject to the ‘tyranny of urgent’ – meaning everyday tasks often take precedence over the more valuable and highly necessary big-picture requirement of taking stock...

Construction sector in good health but …

The construction industry in New Zealand has been experiencing a period of sustained growth and the highest activity levels ever. This is evident on our back door steps too as we see many new developments underway or planned here in Hawkes Bay. The question is whether the businesses in the industry have adequate margins, staffing and cash flow to sustain...

Protecting your assets in the event of insolvency

Despite being law in New Zealand for well over a decade, the Personal Property Securities Act 1993 (“PPSA”) remains a mystery to some and misunderstood by many. The minimal time and costs involved in protecting your interests under the PPSA can make a significant impact when compared to the economic loss you could suffer when the correct procedures have not...

Too small for independent advice?

Many small business owners assume that company boards are for the big boys – yet the benefits of independent directors or advisors apply to all businesses, irrespective of size or structure. Owner-run businesses can be averse to appointing outside directors or advisors, driven by a mix of ‘she’ll be right’ mentality, a desire to keep everything in ‘the family’ or...

Pro Business advice

Stick to what you know

The topic of how difficult it is to find a tradie with capacity is a popular one at the moment, which leads me to believe that accounting, paperwork and tax will not be top priority for those in the industry. Now is a great time to look forward and decide what direction you want your business to go in 2018....