When was the last time you felt that you had a week’s worth of energy to pour into just four days of work? As COVID-19 has reshaped our work-life balance and continues to redefine what is essential in our professional world, the concept of a shorter workweek is gaining traction. With proposed legislation in various states and countries, and the ongoing conversation among professionals, it’s evident that the discussion around… Read more
Inflation – it’s a word that’s been on everyone’s lips recently. Rates are on the rise, and our small business community is feeling it the most. Increased supply costs, a lack of workforce, and dwindling profits are among the challenges faced. Let’s demystify inflation and delve into its impact on small businesses. Grasping Inflation In essence, inflation is the uptick in the cost of goods and services. Whether it’s a… Read more
AI (Artificial intelligence) has been both a huge disrupter and enabler for businesses of all shapes and sizes. (AI) is no longer just a pipe dream of science-fiction. It has become a vital aspect of today’s world and has meant businesses or employees can and are becoming more productive by leveraging the many AI tools for business activities. In the past, the application of AI was limited to big corporations… Read more
The Inland Revenue have recently made some changes to the calculation for reimbursing employees (which can inlcude owners) of small businesses for vehicle costs relating to business travel. Details on the new rules can be found here In essence the rules have been expanded to cover more than 5,000 kilometres per annum. The new rate for up to 14,000 kilomteres per annum is 76 cents and after that it is… Read more
Xero have recently released some new and exciting features and based on this and the value of the Xero platform for small business they are also increasing their pricing as of 28 September 2018. To see Xero’s blog regarding the pricing changes and more detail on the new features then please click here. We continually to see great value in the Xero product and are excited about the data scraping… Read more
Have you ever woken up in the middle of the night thinking of an idea, email, phone call or important task, that you knew you had to deal with the next day or at some stage in the future? I know I have and rather than having a system to deal with the thought, I would go back to sleep (sometimes not) and then wake up in the morning more worried… Read more
Have you ever got to the end of a week and struggled to remember where your time went, or do you sometimes feel like you are a slave to your business? You will find it is often because of constant interruptions, firefighting, crisis management and other people imposing their problems on you. What can you do about this? Well, I am about to do something that chartered accountants do not… Read more
Know Thy Numbers To Grow Thy Numbers If you’ve spent any time around the Bishop Toomey Pfeifer team, you will have heard our favourite phrase. You have to know thy numbers to grow thy numbers. It makes sense. You have to know how your business is tracking, what’s working, and where improvements need to be made to have any chance of growing your business. What if you’re not a numbers person?… Read more
You’re working harder, more money is going through the business, but you don’t seem to be making a profit. Sound familiar? This is the ultimate session for those who want to know their numbers. You’ll learn how to create customised reports in Xero, plus we’ll introduce you to some other reporting tools so you can easily get an accurate picture of your business’ financial health. $75 including GST per person… Read more
In business, cash flow is king and Xero has a number of ways to help you collect your money faster. We’ll teach you how to use these features and discuss best business practice around interacting with your debtors. For this session, Bishop Toomey and Pfeifer are proud to partner with Jeannette Kwant from Undercontrol Credit Management who will be sharing suggestions on how to maximise your chances of… Read more