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Breakfast numbers

September 5th, 2011 | Posted by Accountants Auckland in Business Growth | Xero Accountant / Zero Accountants - (Comments Off on Breakfast numbers)

Boutique Financial breakfasting on your numbers blogStarting the day by spending just a few moments focussing on your key numbers can really help make big improvements to your business.  Arm yourself with your sales so far, how much cash you have and how much you’re owed and owe. You’ll easily find all this, cleverly summarised on the front page, if you’re using xero accounting software.  Start with something as simple as checking if the money coming in will cover money going out. Then drill down into Accounts Receivable to see if anyone needs a bit of a hurry up (more…)

The countdown’s begun – LAQCs & LTCs

September 2nd, 2011 | Posted by Accountants Auckland in Look through company (LTC) and Qualifying Companies - (Comments Off on The countdown’s begun – LAQCs & LTCs)

Change your LAQC to an LTCThe countdown’s begun and we don’t mean to that Rugby thing.  You need to apply before 30 September 2011 if you want your loss attributing qualifying company to become an Look-through company.

If you don’t apply then the company will remain as a QC (Qualifying Company) but without the ability to attribute losses to shareholders. Alternatively, you may want to exit the QC regime and become a standard company or restructure the ownership of their business/assets so (more…)