RightWay New Zealand - Blog

Are you up to date with the minimum wage?

10 July 2020 / By Rachel Harris

By now, you’re likely to be aware that the adult minimum wage in New Zealand has risen to $18.90 per hour. But this took effect from 1 April 2020, and with New Zealand entering Alert Level 4 almost a week prior on 25 March 2020, there was already a lot going on for business owners to think about ...

Do you have a plan for future changes?

23 June 2020 / By RightWay Ltd

After being COVID-19 free as a nation for 24 days, we hit a bit of a bump in the road last week with several new cases and counting. While it is in no way cause for panic or any great concern, it is however a timely reminder that we are living and working in a fragile situation that is out of our ...

From shut-down to show-up

9 June 2020 / By Jon Colgan

The mental health impacts of COVID-19 and navigating your business through these tumultuous times. Something I have tried to avoid and push aside for the last two months, but has turned out to be inescapable – and that is talking about COVID-19 and the effect it has had on me, my bubble, and my ...

Cash is king - have you got a plan?

5 June 2020 / By RightWay Ltd

Having a plan for your cash flow is vital to ensuring your business succeeds during these uncertain times. But how do you forecast your cash when there are so many uncertainties?

Face business challenges with the right advice

28 May 2020 / By RightWay Ltd

Running your own business is tough, fraught with challenges (especially at the moment!), but hugely rewarding.

Budget 2020 - what does it mean for Kiwi business owners?

21 May 2020 / By RightWay Ltd

The 2020 budget is the next step in the Government’s fight against, and recovery from, COVID-19. It is also arguably the biggest budget we've seen in New Zealand's history. So what money has the Government set aside to go where?

Operating in COVID-19 Alert Level 2

8 May 2020 / By RightWay Ltd

Freedom? Almost! I think we've all been eagerly awaiting the Alert Level 2 guidelines from the Government, which were officially announced Thursday May 7. We can now confirm that we will see a return to shopping, eating out, weddings, travelling in New Zealand, schools, sport, and seeing friends - ...

5 tips for reopening your business at COVID-19 Level 3

23 April 2020 / By RightWay Ltd

It's official, we're moving to COVID-19 Alert Level 3 on Tuesday April 28! We heard the collective sigh of relief from business owners across the country.

Clean-slate business planning

17 April 2020 / By Jon Colgan

The COVID-19 pandemic has presented more challenges than we would like to mention. But it has also provided business owners with a unique opportunity that they wouldn’t have had otherwise. Stepping away from the day-to-day running of a business may seem impossible when business is running as usual, ...

Operating your business in the different COVID-19 alert levels

9 April 2020 / By RightWay Ltd

As we're hitting week three of the nationwide lockdown, it's a really good time to assess where you're at with your business, and start to look at how you could operate at the different alert levels. We covered managing your cash flow during COVID-19 here, hopefully you've put in place some steps ...

Managing your cash during COVID-19

2 April 2020 / By RightWay Ltd

To be feeling nervous about your business (and in general!) is not only normal, but to be expected under the current situation. Not knowing how long this lockdown will last is the hardest part of it.

COVID-19 income subsidies - latest modifications

26 March 2020 / By RightWay Ltd

Since the initial business support package was announced, there have been some significant updates, including a total nationwide investment of between $8 billion and $12 billion, depending on the uptake by businesses. We're going to look in more detail at the wage subsidy and what that leave ...

Business actions during COVID-19

19 March 2020 / By RightWay Ltd

The COVID-19 outbreak is at the front of many people’s minds right now, especially for business owners. A recession in New Zealand is now almost certain so we’re here to help business owners as they navigate these challenges.

RightWay packages and pricing

17 March 2020 / By RightWay Ltd

People often ask us why we don’t have prices on our website. This is because unlike many old school accountants we don’t charge you by the minute. We put together a plan that fits with you with ongoing support, and charge a monthly fee for that.

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

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