Hi there accounting fans! Let’s talk about why you shouldn’t run your business like a charity. It’s been a while since I last wrote a ‘Sam Says’ opinion piece. Mostly because I think opinion pieces are whingy and entitled. But boy, oh boy do I feel whingy and entitled today! Let’s talk about businesses and
Rising interest rates are coming. Ever since the reserve bank of NZ announced that inflation is higher than expected, there is a lot of interest surrounding the topic of interest. Remember how interest rates are an economic tool that central banks can use to control inflation? There has been a lot of discussion of how
Let’s talk about your pricing strategy today! Pricing is such a broad and tricky subject. SO MANY factors influence it. As we head into a global recession (no thanks to COVID), businesses have to re-adjust their pricing strategies to encourage customers to return. On the flip side, some economies may even experience inflationary pressures as
If I run my business at a loss I can avoid paying taxes right? It’s a question that as an accountant, I hear quite often. In the basics of tax we learn that we calculate tax as a % of profit. Profit is what you get after subtracting expenses from your income. There are a