http://www.baldrysanford.co.nz/blog/ The latest Blog feeds from www.baldrysanford.co.nz en-us Wed, 20 Jan 2021 15:24:50 +1300 Rocketspark http://www.baldrysanford.co.nz/blog/post/60803/small-opportunity-to-save-some-tax/ Part of the governments COVID assistance to business was the increase in the threshold for immediate write-off of tools and equipment from $500 to $5,000 for all purchases between 17 March 2020 and 16 March 2021.  This means that you get immediate deductibility for what would, under normal circumstances, be the purchase of an asset.  The impact of this is best explained by an example: Suppose that you need to buy a new item of plant or equipment, a drill press or laptop computer or co... Thu, 17 Dec 2020 16:12:57 +1300 http://www.baldrysanford.co.nz/blog/#post60803 http://www.baldrysanford.co.nz/blog/post/60802/family-trust--do-we-still-need-ours/ There has been a lot of commentary on the impact of the new act on Trustees and how they are now required to do SO much more! The reality is that a Trustee who approaches their appointment in the manner a reasonable person would and always acts for the good of the beneficiaries, has nothing to be feared with these new provisions. We suggest you consider the following factors, to determine if your trust is still relevant: What was the reason for establishing the Trust?Does this reason still exist... Thu, 17 Dec 2020 16:02:44 +1300 http://www.baldrysanford.co.nz/blog/#post60802 http://www.baldrysanford.co.nz/blog/post/59618/thinking-about-helping-the-kids-get-a-start-in-the-housing-market/ Recently, we have been having conversations with Mums & Dads who want to help their children get into the property market. We love these conversations. Mums and Dads love their children, understand the good side and the not so good side of their children’s natures and of course want the best for them. Every family’s situation is unique, as is the type and level of assistance available. That said, here are a few guidelines/options to get you thinking how you might be able to he... Fri, 13 Nov 2020 00:00:00 +1300 http://www.baldrysanford.co.nz/blog/#post59618 http://www.baldrysanford.co.nz/blog/post/47850/The-Benefits-of-Business-Planning/ All business owners know that one of the hardest things to do is take time out to review the health and direction of your own company, particularly in the busy times of the year.  Perhaps as you go through the Christmas gifts you've received this year, you might give yourself the most valuable gift of all—setting aside some time in the new year to review your progress and book a business planning session. If you’re one or two years into your new venture, chances are you’ve already... Wed, 08 Jan 2020 11:38:23 +1300 http://www.baldrysanford.co.nz/blog/#post47850 http://www.baldrysanford.co.nz/blog/post/47247/Thoughts-at-the-holidays/ As I reflect on the year that is drawing to a close, I thought I’d to share with you some conversations that I have been privileged to have with clients during the year. I've tried to be smart and tie it into an acronym of the word Christmas. Yes, I know it sounds corny, but here goes…  Cash flow – Sales is vanity, profit is reality, cash is king! In truth, cash flow is the lifeblood of your business and when it comes to cash flow management, preventing cash issues is far easier ... Wed, 04 Dec 2019 08:18:50 +1300 http://www.baldrysanford.co.nz/blog/#post47247 http://www.baldrysanford.co.nz/blog/post/34565/Planning-to-make-more-money-in-2019/ I could leave it right there because it doesn't come more straightforward than that. If you own a business, before you get too far into 2019 you need a budget. But I'm a chartered accountant, I would say that wouldn't I? Some people take a bit more convincing — especially when it comes to sitting down and preparing a budget for next year. It really is one of the most vital tools that will help you achieve your goals next year, so please stay with me. You'll be thankful, I promise.There's s... Thu, 08 Nov 2018 09:28:27 +1300 http://www.baldrysanford.co.nz/blog/#post34565 http://www.baldrysanford.co.nz/blog/post/32744/A-good-leader-knowsthe-most-important-thingbut-how-do-they-work-it-out/ I was with a group of business owners recently at which the seminar leader told us something I thought was profoundly helpful: You, as leaders, need to know what the most important thing is and why.  I don’t think there’s any doubt that to be a good leader, in business or elsewhere, you need to know what the priorities are—not just for you but also for your team. Unfortunately, figuring out the most important thing isn’t so obvious. It’s different from business to bu... Thu, 25 Oct 2018 00:00:00 +1300 http://www.baldrysanford.co.nz/blog/#post32744 http://www.baldrysanford.co.nz/blog/post/32743/Why-its-important-to-understand-the-story-behind-your-numbers/ Tell me what the following numbers mean: 843 1973 380  I think you’ll agree that you can guess all you like, but it’s near impossible to interpret the meaning of numbers without some context. So, let me give you some. I was listening to National Radio recently (as you do when you’re getting older). I heard an interview with someone who was employed in 1973 as a traffic officer with the Ministry of Transport. When he started his employment, the road toll was 843, which is an ... Thu, 20 Sep 2018 12:32:48 +1200 http://www.baldrysanford.co.nz/blog/#post32743 http://www.baldrysanford.co.nz/blog/post/31276/How-to-unite-your-team-and-increase-profits/ It will come as no surprise that a lot of the conversations I have with business owners are about making more money. Most of them want the magic formula. It would be nice if there was one—like a magic porridge pot that just keeps producing. There’s no such thing, unfortunately, but there are some key ways that you can increase your income and raise your profits. One of those ways is through leverage. By leverage I mean getting a better result from slightly less input. If that sounds like... Fri, 10 Aug 2018 09:12:47 +1200 http://www.baldrysanford.co.nz/blog/#post31276 http://www.baldrysanford.co.nz/blog/post/27887/Getting-traction-on-the-Bike-of-Life/ I ran a workshop recently in which I used one of my favourite tools for assessing business health and sustainability. Afterwards one of the participants came up to me and said the last thing you want to hear after a presentation: That made me depressed! When we sat down to review what she meant, it became clear that the tool had helped this normally gregarious person to identify how poor her social life had been, and what impact that might be having on her business. She had been s... Mon, 14 May 2018 10:02:10 +1200 http://www.baldrysanford.co.nz/blog/#post27887