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It is the most wonderful time of the year...year end.
It is nearly that time of year again when accountants need to complete a set of accounts to keep the IRD happy. Banks are also increasingly asking for more accurate and timely financial information.
If you have debt or are considering lending, you need to ensure this process is as fast as possible so that your accounts do not become the bottleneck in these discussions.
Here are some things to start thinking about (that your accountant will most likely request):
Confirmation of bank and loan balances at 31 March 2025. [Perhaps you could take a screenshot at 31 March so that your accountant can ensure Xero / your accounting system matches up with the bank]Did you buy or dispose of assets during the year? Do you have copies of receipts? [Accountants need these to have on file should the IRD request them - compile those]Do any of your invoices need to be written off as your customer/client is no longer going to pay you? [This brings your revenue down and your profit too, impacting final tax]Were there any unusual purchases or sales during the year you need to run past your accountant that you haven’t already?Does your accountant know about any cash you bank personally from business or asset sales?Have you completed your annual home office calculation? We have included a link below for you to make a copy of the spreadsheet our clients use. [This allows you to claim some home office costs and brings your profit down, decreasing final tax]Do you have stock? Complete your year end stock take [This tracks the total stock left on hand to better account for your purchases]Remember Provisional Tax installment 3 is on the 7th of MayThe low value asset threshold is $1k so get minor asset purchases in before then to decrease your profit and tax [Don't buy assets you don't need though].Any new additional income like rental, crypto transactions, dividends, overseas income? Let your accountant know.Do you have donations to let your accountant know about?Any bank or credit cards not showing in your accounting software? You may be missing claiming expenses.
We know this stuff is boring at times, but it is still important and important to do it right.
If your accountant seems to niggle you for the information, it's because they want to get it out of the way for you so that you can carry on running your business.
We hope that helps,
Luke & Phil
https://docs.google.com/spreadsheets/d/0B4dISa15v3-WREdSeFhCaHBxU3lWVnU1SFRQcTdiWmpJYksw/edit?resourcekey=0-s6N7ryy34cyFCCsGG3NN0A&gid=882865644#gid=882865644 -
This man knows how to get attention and turn it into serious business growth. In just 6 years, Stanley Henry has built The Attention Seeker from 0 to 40+ staff and isn’t slowing down. They work with some of the biggest names in the game and hit millions of eyeballs every week with their content.
In this episode, we dive into why your personal brand isn’t optional anymore and how ignoring it is costing you opportunities. Whether you are starting out in business, employed or wanting people to see your idea, this is for you.
We explore…
🔹 What’s stopping most people from posting (and how to get over it)
🔹 Why business owners, professionals & entrepreneurs need a brand
🔹 The mindset shift that helped Stanley scale so fast
🔹 What’s next for him and how he’s thinking even bigger
This isn’t just theory or for business owners only, it’s inspiration with a game plan. If you want to stand out, grow, and unlock new opportunities, this episode is a must-listen.
Find Stanley here: https://www.linkedin.com/in/stanleychenry/ -
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We’ve recently had several conversations with business owners considering selling all or part of their business. In this podcast, we’ll walk you through the key factors to consider before going too far down that path.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
We often speak with business owners who struggle with the decision of whether investing in themselves is a good use of money. We also hear similar concerns when they talk about their clients or customers. Why are people more willing to invest in vehicles or quick wins rather than education and information that could yield far greater returns in the long run? Let’s explore this mindset and what it means for your business.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
We all know the country basically shuts down for an entire month each year. It’s essential to keep this in mind when planning your business and preparing for the end of the year. Let’s explore this further in today’s podcast.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
We've had several recent conversations with clients who are analyzing past data to anticipate trends in their industry and the economy. By doing so, they can better prepare their businesses for what’s ahead. We hope this episode gets you thinking—plus, we’ll share some actionable steps you can take afterward.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
The Reserve Bank has decreased the official cash rate by 0.5% as expected, and many people are getting excited about the possibility of further interest rate cuts. In this podcast, we’ll break down what this means for business owners, mortgage holders, and those with term deposits or savings—and what you should be thinking about moving forward.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
In this episode I am again joined by my business partner Phil Smith from nextAdvisory.nz who has advised countless potential business buyers (and sellers) of what they need to think about before doing so. I ask your questions so that you can upskill even more. How to find a business you could buy? What is the main thing to look for in financial analysis? How to present yourself to the bank? Why buy a business instead of building from scratch?
And much, much more!
Want the checklist we mention? Grab it here: https://nextadvisory.kartra.com/page/ty-buyingabusiness
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
We often advise clients and business owners to avoid tasks they know, deep down, they shouldn’t be doing. Here are some ways to identify work that may not be the best use of your time. Hopefully, this exercise gets you thinking.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
You asked for it so here it is. Ever wondered about buying a business? Here’s some of the basic! A heads up, it’s a foreign language when you get started but if you’re serious you’ve got to learn the language. There’s heaps of information out there so go on the journey. This will get you started! I am joined by my business partner Phil Smith from nextAdvisory.nz in this episode and I pick his brains because he’s advised countless potential business buyers (and sellers) of what they need to think about. Get stuck in.
Want the checklist? Grab it here: https://nextadvisory.kartra.com/page/ty-buyingabusiness
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
Well we are now 5 weeks into the new calendar year and we have had a chance to speak to a lot of clients across a lot of different industries. We are reporting in with what we are hearing across these conversations.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
We recently explored the biggest challenges for business owners in 2025, and now it’s time to focus on the opportunities ahead. Opportunities can often be harder to spot than challenges because our brains are wired to focus on the negative - but don’t let that hold you back. In this podcast, we’ll show you how to identify new opportunities.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
In 2024 we took a number of 'Know Your Numbers' sessions with clients to help dig into what was happening in their business and their finances. We’ll be offering even more of these sessions in 2025. If you’d like more details, check out this podcast and feel free to get in touch.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
We asked you what you saw as your biggest challenges in business for 2025, and you answered. In this podcast, we go over some of your responses and share our thoughts, along with practical tips to help you tackle these challenges. It's a great time to reflect on what your biggest challenge might be this year and make a diary note to revisit it in a year's time to see if it was truly as significant as you thought it would be.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
In business we have to make major financial decisions and we will take you through a number of these and get you thinking about the cost that are associated with these decisions and a framework to help you understand more of these heading cost with whatever it is that your purchasing in business or in your personal life.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
In this podcast, we will remind you of some of the things you should not do in 2025 so that you can get a jump on others and ensure that you continue to win.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
Welcome to the new year, what an exciting time of year that it always is. In this podcast, we explore how to maintain the hunger for the rest of the calendar year to ensure that we have the year that we want in business. Let's bring it on!
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
Before you make payment for provisional tax on January 15th, make sure you check out this podcast to get a better understanding of how it all works.
Find us here:
Book a call with us: https://nextadvisory.nz/#book-online
Visit our Instagram page: https://www.instagram.com/nextadvisory.nz/
Acess to our free business planning and cashflow module: https://www.skool.com/nextadvisory-business-basics-5934/about -
This is a re-release of an earlier podcast that other listeners have found very useful.
Are you finding yourself constantly getting distracted? In today's episode Luke and Phil give their tips and tricks on staying focused. They discuss disengagement, pushing through the pain to get to the stuff you enjoy, state of flow, and more!
Find us here:
https://nextadvisory.nz/#book-online
https://www.instagram.com/nextadvisory.nz/
Cheers
L&P -
This is a re-release of an earlier podcast that other listeners have found very useful.
In today's episode, Luke and Phil talk about the importance of doing the things we don't want to do and the benefits it can have on your life. They discuss building resilience, finding your "flow", opportunity cost, and the unfair advantage of getting yourself to do things you need to do, but don't necessarily want to do in a world full of people trying to take the path of less resistance.
Find us here:
https://nextadvisory.nz/#book-online
https://www.instagram.com/nextadvisory.nz/
Cheers
L&P - Daha fazla göster
