RightWay New Zealand - Blog

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.

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 ...

Financial forecasting, decision making, and being better than cats

14 May 2019 / By Isaac Gommers

Most human beings are natural forecasters. Our ability to think ahead when making decisions is one of the things that set us apart from other animals. For example - when a cat sees some food, the cat generally eats the food, without much delay

Fending for yourself is overrated

11 October 2018 / By Rachel Harris

For a busy small 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.

The emotional business owner

5 September 2018 / By Isaac Gommers

Small business owners generally do not spend enough time on reflection. They spend a lot of time on doing the doing, fighting the fires, making the plans, managing the people, keeping the customers happy etc.

Xero Expenses – beautifully reimagined

23 July 2018 / By Xero

Expense claims are an administration burden for all businesses. What should be a simple task of reimbursing employees can quickly slide into a paper-filled back-office nightmare.

Plan your exit early

23 February 2018 / By RightWay

Often when I meet business owners and I ask them when they plan to leave their business, they look at me with shock and confusion. Responses are generally along the lines of “My business is only a few years old, I am not exiting!” or, “Oh, I don’t know – maybe 20-30 years, I have no plan.” One of ...

Claiming expenses when away on business

19 December 2017 / By Inland Revenue and RightWay

What you can claim In general, when you’re away from home you can claim for: flights taxis, or mileage if you use your own car for business travel accommodation meals and snacks.

Top 30 accounting firms in New Zealand

13 December 2017 / By RightWay

In November, RightWay was named the 12th in the CAANZ and Fairfax Media Top 30 Accounting firms in New Zealand. We’re always aiming to add value to our customers lives by providing top notch business advice and compliance so being named one of the top accounting firms in New Zealand helps us know ...

2018 is your year to succeed - if that is your choice!

6 December 2017 / By RightWay

“Whether you think you can or whether you think you can’t, you’re right.” Henry Ford

Advice is the growth driver for Top 30 firms

10 November 2017 / By Stuff

The results are in and it is clear the accounting profession is both embracing change internally and becoming a driver of change in New Zealand businesses.

6 signs you need a business coach

26 October 2017 / By Desley Grant

Similarly to the sporting world, where we are most familiar with the use of the term “coach”, in the business world having a coach isn't just for inexperienced players. Identifying the need for regular advice and coaching doesn't equate to incompetence or weakness. Regardless of where you’re at in ...

Software that busy business owners shouldn't do without

31 August 2017 / By RightWay

When things get busy as a business owner, trustworthy support and advice isn’t just a nice-to-have, it’s a must-have. Yet for many SME owners, OPEX is already stacked, and the perception is often that business advisory services are probably a cost you can live without. Thankfully we live in an age ...

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 ...

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