Beware: IRD's Plans to Access your Bank Accounts

With the new platform IRD have recently rolled out for GST returns and the myIR Logon – there’s a section called ‘manage payment bank accounts’. If you fill this in you’re giving IRD access and authority to take money out of your bank account on their terms, rather than when you want to pay them, on or before the due date. Often in business you need to juggle cashfl... More

Topics: GST Inland Revenue Cashflow

Posted 10/05/2017

Business Health Check

The end of September marked the half way point for this current financial year. While it is recommended you assess your year to date trading throughout the year, months can fly by, and 31 March 2016 will come around pretty quickly. This is a good time and reminder to do a quick 'health check' on your business, and think about the past 6 months trading, and what the next 6 months may bring. Compar... More

Topics: Business Client Care Cashflow

Posted 19/10/2015

Debtor Payments Slow Coming In?

If you're finding your customers are taking too long to pay and it is creating cash flow headaches it could be worth investigating invoice factoring. This is when a third party pays you immediately a percentage of your invoice (around 80%), they then collect the funds from your client and pay you the balance less a commission once the client has paid. This way you are getting paid as soon as you ... More

Topics: Business Links Cashflow

Posted 15/01/2015