Our Blog | Accounting & Business Advisory

Four Tax Changes to Consider Before 31 March 2025

Get your head around New Zealand’s recent and upcoming tax changes, and make sure you’re up to date with tax obligations and payroll processes before filing your EOFY returns. Read more

IRD Audits are on the rise, are you covered?

Audit Insurance protects businesses against the financial impact of unexpected tax or compliance audits and reviews. It covers professional fees, such as accounting or legal costs, incurred during a review by the Inland Revenue Department. This insurance ensures businesses can manage audit-related expenses without disrupting operations, providing peace of mind and financial security. Do you have yours? Read more

Connect, Collaborate, and Succeed with BNI

Are you looking to expand your professional network, generate new business leads, and build lasting relationships with like-minded professionals? Joining a Business Network International (BNI) group could be the game-changer your business needs. Read more

The Cashflow Conversion Cycle - Part three

Unlock your cashflow and boost your profits. So far we have covered: • PART ONE: Optimise Cashflow Management • PART TWO: Invest in Technology and Automation In PART THREE, we’ll explain how selling faster, collecting sooner, and paying later can optimise your Cash Conversion Cycle, boosting cashflow and growing profits. If you have not yet read parts one and two, go check them out. Read more

Leveraging Technology - Part two

In part one of this series, we explained how understanding your cashflow can help make your business more profitable. In part two, we’ll discuss how leveraging technology can increase efficiency while saving time and reducing stress. If you haven’t seen part one yet, check it out. Read more

New Year, New Start! Make the change for better in 2025 - Part one

Have you heard the saying “If nothing changes, nothing changes”? Sometimes we get stuck in the same actions, mindset, or circumstances. Without making changes, you will always get the same result. So, what can you do for your business in 2025 that will bring a better result than the previous year? Read more

Boost your Income - Avoid the holiday lull

With the holiday season behind us, and the rush of sales over, it’s important to keep growing and avoid the post-holiday lull into the new year. Read more

The Key to Christmas Marketing

Christmas is a great time for businesses to send out fun, engaging messages to customers. Add some Christmas magic to your marketing. Read more

Goals

Funding is essential for hitting your business goals – but do you know which routes to finance are the best for your company? We’ve got the lowdown on funding. Read more

What to know about public holidays

Is your business open over Christmas and New Year? Make sure you have adequate coverage over the period and understand how to calculate pay when covering public holidays. Read more

Key number to focus on in your business now

What are the key reports to focus on in your business? We'll show you how to track performance, take action and position your company for growth. Read more

Managing Risk

A crisis can expose gaps in a business’s #RiskManagement processes and highlight new risks that need addressing. Developing a Risk Management Plan will help you prepare for whatever unexpected events the future may hold. Read more

Managing Tax Debt

Managing your tax is important and we can help with that. If you run into tax debt, you have options, but you need to act straight away. Read more

New NZ Tax Thresholds

The Government is making changes to personal income tax thresholds from 31 July, 2024. These changes may affect your business if you employ people. Read more

DIY accounting vs hiring an accountant: make the right choice for your business

DIY accounting might sound like a good economy, but investing in an accountant could be the best financial decision you make as a business owner. Read more

New Tax Thresholds in 2024 Budget

The New Zealand government has unveiled its 2024 Budget with a core election promise delivered regarding tax relief of $2.57b through bracket adjustments. With an adjustment to income brackets, tax rates remain the same but the thresholds are raised. Read more

Mixed Use Asset Rule explained

Do you have a holiday home, boat or plane that you rent out commercially and use it privately? There are changes in the Mixed-Use Asset rules which commenced on 1 April 2024. We'll explain the rules so you don't get caught out. Read more

Your Action Plan for Market Readiness

Thinking about selling your business? We can set you up for success by ensuring your business is in the best shape before you talk to potential buyers. Read more

Want to Grow Your Business? Here's our 7 Tips.

In today's fast-changing business world, everyone wants their business to grow. But figuring out how to do that can be hard, especially when things are uncertain. In this blog, we will show you seven important ways to help your business succeed. Each strategy can help your business grow and do well, no matter what's going on. Follow along and learn how to make your business thrive. Read more

Attention, Valued Clients! Provisional tax is due

Your third provisional tax payment is due on May 7, 2024 Calculated from your March 31, 2023 income plus 5%, it's vital to adjust if your financial situation changed. Read more

Unleash the Power of 1%

Ever feel overwhelmed by tough times: Don’t worry! We’re here to show you how even tiny changes (yes, just 1%!) can make a big difference. Join us as we explore simple strategies for thriving in uncertain economic times. Let’s make progress easy, one step at a time. Ready to unlock your potential? Follow for our easy-to-follow tips Read more

Tips for dealing with Economic uncertainty in your business

You can’t avoid economic uncertainty but you can change the way you deal with it. Strong communication with your team will help your business get through. Read more

Transforming Small Business Operations with AI

In the era of rapid technological advancement, small businesses are turning to Artificial Intelligence (AI) to streamline operations and enhance competitiveness. AI’s ability to automate tasks, optimise marketing, and drive decision-making revolutionises how businesses operate. From boosting productivity to delivering personalises customer experiences, AI offers transformative potential for small enterprises. In this article, we delve into the key advantages of AI in small business operations, paving the way for growth and innovation in today’s dynamic market landscape. Read more

Minimum wage increases to $23.15 per hour

The minimum wage is rising as of April 1, 2024. As an employer, you'll need to keep up to date with the latest minimum pay rates and pay your employees at least the current minimum rate. Read more

Shield yourself from an Audit – Get Audit Insurance

Facing a tax audit can be nerve-wracking and costly. Discover the peace of mind that comes with Audit Insurance – your financial shield against unexpected expenses and a proactive investment in a stress-free audit experience. Read more

“Navigating Success: The Indispensable Role of a Business Advisor”

Elevate your business game with an Advisor by your side. Tap into strategic wisdom, navigate challenges seamlessly, and transform obstacles into opportunities. Whether you’re fine-tuning finances or plotting a path to growth, a business advisor brings invaluable expertise to optimise your journey. Make smarter decisions, achieve your goals, and stay ahead of the curve. Why settle for good when you can achieve greatness? Collaborate with an advisor and unleash your business’s full potential. Your success story starts with expert guidance. Read more

Unwrapping Success: Proactive Small Business Tips - Part 4

Welcome to part 4 of our 4 part series, “Unwrapping Success: Proactive Small Business Tips for the New Year.” As we continue our journey toward a prosperous and thriving business in the coming year, our focus shifts as we dive into the practical steps and tools outlined in our comprehensive series, designed to help you navigate the path from envisioning to Achieving the identified freedom, as explored in Part 3. Read more

Unwrapping Success - Proactive Small Business Tips - Part 3

Welcome to part 3 of our 4 part series "Defining Future Goals and Opportunities. In past sessions, we identified your desired Freedom and identified your challenges. Today we shift our focus to your future vision. Read more

Unwrapping Success: Proactive Small Business Tips - Part 2

Welcome to part 2 of our 4 part series, "Unwrapping Success: Proactive Small Business Tips - Achieving Freedom" As we continue our journey toward a prosperous and thriving business in the coming year, our focus shifts from aspirations to strategic action to achieve your most important Freedom, as explored in Part 1. Read more

Unwrapping Success: Proactive Small Business Tips - Part 1

Welcome to part 1 of our 4 part series, "Unwrapping Success: Proactive Small Business Tips - To Find the Best Answer you need to ask the Right Questions" Your business does not take a break just because it's the holiday season. Now is the perfect time to reflect over the past year and look to how you can be proactive in the year ahead. We have put together a 4-part series on ways to keep you ahead of the game for 2024. Follow our series for more tips. Read more

Giving gifts to clients (think about the tax)

If your to-do list includes planning season’s greetings and gifts to clients, take a moment to remind yourself about the tax treatment. Read more

What will a National-led government mean for your taxes?

What are National's proposed tax changes? Shifted income tax brackets, restored interest deductibility, a two-year brightline test and Family Boost. Read more

Tax Pooling: What is it and why would you use it

As your accountant, we might suggest using tax pooling from time to time, so thought it useful for you to understand what it is. Read more

Prioritising Mental Health: How Employers can Support their Employees

Mental Health issues are on the rise in the workplace. As employers, it is our responsibility to support our employees. Explore our tips, insights, and strategies to support a healthy and happy workplace. We can all break down the barriers and prioritise mental health matters. Read more

Tips to Avoid a Cyber Attack

As more of our personal details are shared online through online shopping, banking, and emails, the more of a target we become for cybercriminals. Check out our blog for tips for keeping you and your business safe. Read more

Selling Your Business

If you’re thinking of selling your business or looking into selling, you’ll want to have a plan or an exit strategy. Read our blog to find out more on what to include in that plan and the items you’ll need to consider. Read more

Get back in control with Cashflow forecasting

With so many external pressures on your cash right now, its important to have your finger on the pulse. Cashflow forecasting is going to help you have a better view of your future cashflow position so you can understand your future operational cashflow, plan effectively, and avoid issues before they happen. Speak to your accountant at Monteck Carter today to get a tighter grip on your cashflow. Read more

Stay on top of your Debtor days for better cashflow

Managing your debtors and your debtor days means better cashflow for your business. And let’s face it, cashflow is the lifeblood all businesses need right now! We list tips for better debtor management so you can achieve a healthier cashflow. For more approaches and support get in touch with one of our team today. Read more

Review your App Stack - are your apps still working for you?

A simple way to improve your business can be to look at the technology you have. Have you got the best apps for your business? You can find apps for Customer Support, Expense Management and Automated card payments. Find out what can help you and your clients today. Read more

Why your accountant is the mentor you didn’t know you needed

No-one understands your business like your accountant. Being experienced and successful business owners ourselves we are able to provide guidance, support, and advice to help you achieve success. We also understand your business and are able to assist you throughout your business journey. Read more

Provisional Tax is due in August. Are you prepared?

Remember - Provisional Tax is due on or before the 28th of August. check out our tips to navigating provisional tax and see if Tax Pooling is right for you. Read more

Profit improvement and productivity

The relationship between Profitability and Productivity is about looking closely at the value you get for what you spend. Download the free guide on profit improvement and productivity here. Read more

5 Tips to Drive Employee Loyalty

It's important to retain your key team members. We have 5 tips to help drive loyalty and retain employees. Read more

Software Focus - Spotlight Reporting

We love using Spotlight Reporting for the various reports and features it can provide. If you have a specific goal you want to meet, we can look at how this could be put in action using Spotlight Reporting. Read more

5 Ways to Spend Less Without Budgeting

Here are 5 ways to cut spending and save without tracking every transaction. Read more

7 Things to Consider Before 31st March

Here are some key factors to think about before March 31st approaches. Read more

Using Forecasting to Help Your Decision Making

In business, you want to know what the future holds. And to make truly informed decisions about your future strategy, it’s important to use the right forecasting tools. Read more

Tax Pooling - a flexible way to pay tax

Would you prefer to pay your income tax when it suits you? Tax Pooling is an IRD approved, established service that lets you choose the date you pay your income tax. Talk to us about tax pooling. Read more

Top tips for running a thriving family business

There are so many upsides to running a family business: working together as a close-knit unit and sharing the good times together. However, being in charge of one can be complicated as you juggle company interests with those of your loved ones. Read more

What's on your business dashboard

In our recent webinar, the 7 ways to grow your business, we mentioned a few KPIs that you should be monitoring in order to get your business to the destination you want. Let's look at the top 4 measures that can drive your business improvement. Read more

The 5 A's of Change

We show you the 5 A's of Change which is a powerful and simple model to help you consider what you would like to change and what stage in this process you are at. Read more

7 ways to grow your business

Looking to grow your business? We can help you with 7 ways to grow your business, the first 5 grow your sales, the last 2 reduce costs. Which of the 7 ways will you focus on first? Talk to us. Read more

Monteck Carter are proud members of the XLNC network

For international business operations or operating in NZ, Karen Tobeck from Monteck Carter can help advise on your tax and legal obligations in NZ. Read more

Making it easier to get paid

Budgeting vs. Forecasting - What's the difference?

Do know the difference between a budget and a forecast? And do you need one or the other? Read our blog to find out more. Read more

Thinking of moving to Xero?

If you'd like to set up and use Xero for the first time, or move across from another system, talk to us about the setup process. Read more

Could your business survive without you?

E-invoicing

What is e-invoicing and what are the benefits to your business? Read all about this new development on our blog. Read more

Looking at what you want from your business

Take the opportunity to reinvent your business to deliver what you want. Professional advice now can be helpful in the long-term. We can help. Read more

Paying tax on your shares

If you're investing, are you worried about paying tax on your dividends or when you sell? Read our blog for tips to get it right. Read more

Our team always know what they’re talking about

Reducing the uncertainty: key ways your accountant can assist

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