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Ring fencing rules now in effect

9 December 2019 / By RightWay Ltd

Changes that limit the offsetting of rental property losses against individual income are now in effect and apply from the 2019-20 tax year.

Top 30 accounting firms in New Zealand 2019

26 November 2019 / By RightWay Ltd

This November RightWay was ranked 18th in the CAANZ and Fairfax Media Top 30 Accounting firms in New Zealand. What an achievement! The list aims to benchmark accounting firms across the country on revenue, pro bono hours, gender diversity, and innovation. We’re continuously aiming to innovate and ...

The better business guide to Xmas borrowing

14 October 2019 / By RightWay Ltd

The summer holiday is usually a time when we get together to eat good food, enjoy special moments with whanau, and have a classic Kiwi holiday involving a beach, bach or boat. It’s also a time when your business cash flow is mainly heading out of town too. To avoid the December to January squeeze, ...

The why and how of better business forecasting – part 2

10 September 2019 / By RightWay Ltd

In part 1 of this two-part series on forecasting (we’ll wait for you while you read it), we discussed why it’s important for any size or type of business to get into the habit. Then we looked at four ways to help improve your forecasting accuracy. Today, we delve into the next four. In part 2, ...

The why and how of better business forecasting – part 1

10 September 2019 / By RightWay Ltd

You might see forecasting as a waste of time, or something you do when you have absolutely nothing else on your plate (which is, um, never). Or you may have been diligently forecasting each month in the past, and stopped once you found that reality turned out quite differently to your best laid ...

Does your accountant look beyond the numbers?

27 August 2019 / By RightWay Ltd

As a business owner, your relationship with your accountant might be pretty transactional. And while your accountant may only be focused on completing your annual accounts and sorting your tax obligations, there are huge benefits to choosing a team who look beyond the numbers. Commonly, the ...

Xero Heroes: RightWay named National Partner of the Year finalists!

15 August 2019 / By RightWay Ltd

6 smart strategies retailers should take on board

18 July 2019 / By RightWay Ltd

At RightWay, we admire our retail customers for their energy, grit and creativity, and love to see them succeed. And collectively our team has had tonnes of experience at helping them do just that. Here, RightWay Business Partners, accountants and bookkeepers have put together six key strategies to ...

Is your business idea feasible? The 9 questions you need to ask.

11 July 2019 / By RightWay Ltd

Your big, bold business idea. So bright and shiny, it’s been keeping you up nights. You’ve shared your excitement with (trustworthy) friends and family. And you can’t wait to bring it to life.

The 5 things to look for when outsourcing your bookkeeping

2 July 2019 / By RightWay Ltd

Bookkeeping is a bit like oral hygiene. It’s important to keep up with it, and do it properly. If you don’t floss for a day or two, you probably won’t suffer. But let it slide for a few months and there could be a big dentist bill in your future (not to mention some real pain). Swap ‘dentist’ for ...

Why outsourcing your bookkeeping is better for business

11 June 2019 / By RightWay Ltd

As a Kiwi small business owner, you probably started out doing the bookkeeping yourself. Or perhaps it was someone in your team who’s ‘good with numbers’. But as your business grows, it gets harder and more complex to keep up with the paperwork. Mistakes happen – sometimes expensive ones. And you ...

NZ laws and regulations to consider when starting a business: Part 1

25 February 2019 / By RightWay Ltd

You’ve got talent and drive - that’s how you’ve gotten as far as you have, and now you're ready to go out on your own. Starting a new business is exciting, but there’s a lot of planning to do before you open up shop. While you might have some of the basics covered - you probably have an idea of who ...

5 ways to manage debtors more effectively

2 July 2018 / By RightWay Ltd

Business success is about more than finding a new customer. A more complete picture looks at your cash flow - because being paid on time and in the right amount is a critical part of your overall business health.

Use technology to help you manage time

18 August 2017 / By RightWay Ltd

As a business owner, you know how busy things can get. You’re involved in every part of your business and you can end up spreading yourself pretty thin.

How to improve cash flow

17 August 2017 / By RightWay Ltd

Who can argue against having more cash in the bank?

Our eBook: 10 tips for busy business owners – a practical guide to running your business better

3 August 2017 / By RightWay Ltd

For a busy business owner it’s easy to find yourself constantly head down working ‘in’ the business, not ‘on’ the business. There’s never enough time to do everything you need to do. Sound familiar? We get it. Whether it’s getting caught up in mundane business tasks, grappling with cash flow, ...

Business succession and exit planning

26 January 2017 / By RightWay Ltd

Only 20% of all of the businesses listed for sale ever sell, and 90% of all of the people who begin the search to buy a business never complete a transaction... Many business owners expect the sale of their business to fund their retirement, with over 30% reliant on it as the primary source. You ...

Avoid the tax minefield and Doctor IRD

24 November 2016 / By RightWay Ltd

As a businessperson, you want to avoid running into tax minefields and being treated for your injuries by the IRD. The IRD classes tax offences as either absolute liability offences (maximum fine $12,000), knowledge offences (maximum fine $50,000), or evasion offences (maximum fine $50,000, and ...

5 years in the making

1 September 2016 / By RightWay Ltd

Friday marks a pretty special date for the team here at RightWay. Not only do we have more than 100 people helping us change the world one small business at a time, its also our 5th Birthday!

5 tips for running a profitable business without running yourself into the ground

18 August 2016 / By RightWay Ltd

Running a small business sounds like a dream - you’re the boss and thanks to your entrepreneurial grit and innate smarts, lifelong success is surely yours. Unfortunately the ride to riches is far from sunshine and roses. A huge 50% of small businesses in New Zealand launched in 2010 closed their ...

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