http://www.baldrysanford.co.nz/blog/ The latest Blog feeds from www.baldrysanford.co.nz en-us Thu, 14 May 2026 19:50:59 +1200 Rocketspark http://www.baldrysanford.co.nz/blog/post/141610/6-reasons-your-business-needs-a-budget-plus-free-template-with-video-guide/ During the break, I had a brief conversation with a Wellington-based economic advisor (as you do when watching your grandchildren dive off the wharf) and a couple of his comments stuck with me:Last year’s motto for many businesses was: “Survive till ‘25.”Now, it’s shifted to: “Survive ‘25.”But his key advice? Know your numbers.That got me thinking: How can we help business owners like you not just survive, but thrive in 2025?One of the most powerful tools we have available is A c... Tue, 11 Feb 2025 14:46:53 +1300 http://www.baldrysanford.co.nz/blog/#post141610 http://www.baldrysanford.co.nz/blog/post/131037/profit-improvement-part-two/ Improving your business’ profitability is a long-term, continual process, but it’s well worth the investment and pretty simple!✅ Get the structure right✅ Drive out the waste✅ Build the right teamInterested in enhancing your business performance? We invite you to connect with us for a complimentary, no-obligation conversation. Let’s explore how we can help you achieve your financial goals.... Wed, 03 Jul 2024 12:38:53 +1200 http://www.baldrysanford.co.nz/blog/#post131037 http://www.baldrysanford.co.nz/blog/post/131034/profit-improvement-part-1/ Let’s talk about profit improvement… spoiler alert: it all comes down to your variable costs.It’s very simple when we break it down, but the conversation needs to drive deep so that your profits can soar.Give us a call to unlock the untapped potential of your business. ... Wed, 03 Jul 2024 12:12:35 +1200 http://www.baldrysanford.co.nz/blog/#post131034 http://www.baldrysanford.co.nz/blog/post/128054/8-books-that-will-change-your-life/ Are you ready to take your business to the next level? Dive into our curated list of 8 life-changing books that every business owner should read. From proven success secrets to powerful leadership principles, these books offer practical wisdom and actionable strategies to help you achieve your business goals.... Mon, 06 May 2024 18:14:08 +1200 http://www.baldrysanford.co.nz/blog/#post128054 http://www.baldrysanford.co.nz/blog/post/126682/4-types-of-effective-referral-systems/ Referrals often happen when they happen and, while you can't always control when one friend asks another for a referral, you can influence how often your referral sources think about referring your business.Referrals are important in business growth. You should look to build multiple referral systems, which gives your customers and clients opportunities to refer you. Here are some of the strategies you can adopt into your business to grow your referrals.1. Direct referralsA direct referral ... Thu, 11 Apr 2024 15:02:24 +1200 http://www.baldrysanford.co.nz/blog/#post126682 http://www.baldrysanford.co.nz/blog/post/126412/new-top-tax-rate-for-trusts-what-does-it-mean-for-you/ Budget 2023 contained a few surprises, but the change to the tax trust rate wasn’t one of them. As had been hinted at a few times, Grant Robertson lifted the tax trust rate from 33% to 39%, bringing it into alignment with the top personal income tax rate. This change is from 1 April 2024.The change aims to make the tax system fairer – since the top personal tax rate increased to 39% there has been a 50% increase in the amount of money going through trusts.Which trusts will be affected?The&nb... Wed, 28 Jun 2023 00:00:00 +1200 http://www.baldrysanford.co.nz/blog/#post126412 http://www.baldrysanford.co.nz/blog/post/126413/profit-improvement-and-productivity/ Do you already track your gross and net profit but are at a bit of a standstill on how to increase profitability? Think about the relationship between business profit and productivity. You can increase profitability if you produce more and pay less for what you need to produce and sell your goods or services.It's not about cost cutting. It’s about looking closely at the value you get for what you spend and how you can best create value for your customers.Start with your fixed costs. You must p... Thu, 08 Sep 2022 00:00:00 +1200 http://www.baldrysanford.co.nz/blog/#post126413 http://www.baldrysanford.co.nz/blog/post/126558/keeping-up-with-fringe-benefit-tax/ As an employer, if you provide fringe benefits to employees, or others associated with your business, you must generally pay fringe benefit tax (FBT) on the value of these benefits.So, when are you liable for FBT? Any time you provide non-cash benefits to your staff. The list is potentially endless but in practice, most non-cash benefits fall into one of these categories:motor vehiclessubsidised transportstaff vouchers/giftsoffsite carparksinsurance premiumsOf these, most FBT revolves around com... Wed, 24 Aug 2022 00:00:00 +1200 http://www.baldrysanford.co.nz/blog/#post126558 http://www.baldrysanford.co.nz/blog/post/126557/facing-increasing-mortgage-interest-rates/ The challenge of increasing interest rates will be real to many. It might help to remember just 4 years ago the rates were higher – you survived then, and you will survive now. In the office this week we had a conversation about how we could respond to the increasing rates. Here are some of our ideas: Improving Efficiency   Discuss with your mortgage broker or banker what options are available to you. Perhaps fixing part or all of your loans, interest only for a time, ... Wed, 08 Jun 2022 00:00:00 +1200 http://www.baldrysanford.co.nz/blog/#post126557 http://www.baldrysanford.co.nz/blog/post/126556/5-reasons-whyits-good-to-take-some-time-out/ Life today is packed with things to do, think and stress about. We're generally living on high energy to keep up with life's’ demands and juggling too many balls. With a fast pace and demanding life and career, often we can forget to take a moment to stop, breathe and get some perspective.Definition of take time out: to stop doing what one is doing in order to do something else for a while1. Get PERSPECTIVEStepping away from day to day life and taking some time to yourself, be it an hour ... Tue, 27 Jul 2021 00:00:00 +1200 http://www.baldrysanford.co.nz/blog/#post126556