Cash flow is the lifeblood of any business. A slow down in cash flow caused by clients not paying their accounts can have a serious impact on your business. Here are our top 10 debt recovery tips: Terms of Trade – if you supply goods or services on credit then you need good terms of trade […]
Is your Beach House rented on a short-term basis? Does the entity that owns your Beach House file GST returns? If you answered yes to both those questions, then you need to know about recent changes. The definition of “commercial rental property” has recently changed. The change means that a Beach House (rented for part […]
Recently I have been discussing equity partnerships with some of my farming clients. I wanted to find out what makes an equity partnership successful. An equity partnership is a joint venture vehicle that allows two or more people to use their combined equity to invest in an agreed purpose. The rapid increase in farm land values has […]
A tenant who is entering into a commercial lease usually has a particular purpose in mind for which the premises will be used. Translating this into an appropriate ‘permitted use’ in the lease can be problematic. The ‘permitted use’ is often no more than a few words, but it is an important term that needs […]
Recently a longstanding client came to see me about a guarantee she had been asked to sign on behalf of her son and daughter-in-law. The young couple were buying their first home and did not have enough cash to meet the Bank’s lending criteria. The Bank was asking for a guarantee from my client, to […]
You may have been asked to guarantee a friend or family member’s borrowing, or maybe you’re in business and the bank wants you to guarantee your company’s debt. Set out below are some key points that you should understand before you do so. What is a Personal Guarantee? A personal guarantee is simply an agreement […]
In my earlier blog “Avoid Advertising Traps – Tips For Business Advertising” I noted that the Australian Advertising Standards Board had recently made a finding which meant that user generated content on businesses Facebook pages had to comply with relevant advertising laws. I suggested that New Zealand was likely to follow in the Australian foot […]
On Tuesday Linda and I were lucky enough to be invited to a lunch hosted by the new ANZ to hear Cameron Bagrie, ANZ’s Chief Economist speak. Now spending your lunch time listening to an economist speak may not be everyone’s idea of a good time, but I can report that Cameron spoke in language […]
Last week I wrote about some of the advertising mistake’s that the big corporates have made and the lessons for SME’s. Changes to Consumer Law means that there is a new trap for businesses to be aware of. Unsubstantiated Claims 1 The Consumer Reform Bill will amend the Fair Trading Act to prohibit unsubstantiated claims. An unsubstantiated […]
It can be pretty hard to make a dollar these days. We are all looking for ways to promote our products and our skills and expertise (this blog being an example of that). A quick look through some recent decisions out of the Courts highlights, the mistakes some of our biggest corporates have made in […]
