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Does your accountant look beyond the numbers?

21 May 2021 / By RightWay
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.
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8 questions to ask before starting a business

6 May 2021 / By RightWay
Are you thinking about starting a new business but not sure where to begin?
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A fresh Financial Year - What does this mean for your business?

Hands up all who have already invoiced all work up to 31 March and have data from the 2020-21 financial year ready for your accountant? If that inspires some virtual feet-shuffling we completely understand. We have so many customers who are busy working ‘on’ the business that they don’t have time ...
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Quoting and tendering - the effects of underquoting

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How good workflow management systems can lead to better cash flow

Cash flow and workflow are two of the major challenges facing many trade businesses. A lot of tradespeople will be familiar with working into the evening or at weekends doing the admin, or having profit but no cash to draw on because it’s sitting in stock or accounts receivable.
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Undercharging is immoral

20 January 2021 / By RightWay
Small to medium sized business owners generally fear undercharging, more than they do overcharging. But the risks associated with undercharging are more severe and can lead to business failure over time.
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Small Business Cash Flow (Loan) Scheme (SBCS)

24 November 2020 / By RightWay
The Small Business Cash Flow (Loan) Scheme (SBCS) was introduced to support businesses and organisations struggling because of loss of actual or predicted revenue as a result of COVID-19. The Government made a few updates to the scheme which includes an extension on applying for the loan, the no ...
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The small business owner’s holiday survival guide

21 October 2020 / By RightWay
It’s nearly the end of another calendar year! There were moments when it felt shaky, really shaky, and like most we are just looking forward to seeing the back of 2020.
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Operating in COVID-19 Alert Level 2

8 May 2020 / By RightWay
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 - ...
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Operating your business in the different COVID-19 alert levels

9 April 2020 / By RightWay
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 ...
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COVID-19 income subsidies - latest modifications

26 March 2020 / By RightWay
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 ...
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Business actions during COVID-19

19 March 2020 / By RightWay
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.
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RightWay packages and pricing

17 March 2020 / By RightWay
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.
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Ring fencing rules now in effect

9 December 2019 / By RightWay
Changes that limit the offsetting of rental property losses against individual income are now in effect and apply from the 2019-20 tax year.  
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Top tips to manage misbehaving staff in your business

9 December 2019 / By RightWay
Business owners often come to me when they’ve had someone behave poorly in their business, to the point that it would be considered misconduct. Often the owner has never considered that misconduct would ever be an issue in their business and now it’s the only thing they can think about! I’ve worked ...
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Top 30 accounting firms in New Zealand 2019

26 November 2019 / By RightWay
This November RightWay was ranked 18th in the CAANZ and Fairfax Media Top 30 Accounting firms in New Zealand. What an achievement! 
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The better business guide to Christmas borrowing

14 October 2019 / By RightWay
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 (especially after the year we have all ...
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The why and how of better business forecasting – part 2

10 September 2019 / By RightWay
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, ...
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The why and how of better business forecasting – part 1

10 September 2019 / By RightWay
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 ...
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Don't resist change - embrace it!

10 September 2019 / By Rachel Harris
One of the most common employment-related enquiries we get comes from a business owner’s desire to change the way in which they work. Most often the conversation starts with “I have a person I just no longer need – what can I do?”. Sometimes a business has grown quickly and roles or skills need to ...
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