EP 537 How to Check If You're Paying the Right ACC Rate
Most business owners just pick a random ACC classification code when they set up their company. Then they wonder why their ACC bill is so high.The problem? It's ridiculously easy to get this wrong. You set up a company, they ask for your business industry classification code, and you go "I don't know, that one looks close enough." Meanwhile, there are dozens of subcategories with wildly different rates.We cover why the classification system is so confusing, how to check if you're in the right bucket, and what questions to ask ACC to make sure you're not overpaying. Plus the real reason ACC might be making losses - hundreds of thousands of businesses probably have the wrong codes.If you're interested in working together:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
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15:13
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15:13
EP 536 - Labour's Capital Gains Tax: What It Really Means for You
Labour just announced a 28% capital gains tax on rental properties, Phil and Luke break down what this actually means.If you're interested in working together:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
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48:31
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48:31
EP 535 - Why Business Owners Are Too Scared to Make Tough Decisions
Looking for help buying a business? Book a call with me at https://calendly.com/philsmith/Most business owners would rather go broke than make the hard decisions. Then they act surprised when they lose everything.Today Phil and I break down why Kiwi business owners are too scared to right-size their businesses even when their family home is on the line.We cover the tough conversations you're avoiding: restructuring staff, negotiating rent relief, and protecting your business asset before someone pulls the rug out.If you're interested in working together in other ways:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
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41:56
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41:56
EP 534 - NZ's Debt To IRD Hits $10 Billion: Here's What's Coming
Looking for help with your accounting to create clarity & better decisions? Go to https://nextadvisory.nzIRD debt has exploded from $4 billion to over $10 billion in just 5 years. Now they're getting serious about collecting it.Phil breaks down what's really happening, the new collection powers IRD are using, why 500,000+ Kiwis owe money, and how penalties are racking up faster than people can pay them back. Plus the reality check every business owner needs to hear.Don't bury your head in the sand. The money you owe belongs to other taxpayers, not you, it's time to get compliant before they make the decision for you.If you're interested in working together in other ways:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
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27:27
EP 533 - Why Your Business Has No Cash (And How to Fix It)
Book a call with Phil to discuss buying/valuing your business: https://calendly.com/philsmith/buyingMost business owners are doing cash flow completely wrong. Then they wonder why they're always stressed about money. You do the work, send an invoice, then wait 20+ days to get paid. Meanwhile, you've already paid wages, materials, and overheads. That's backwards.Phil breaks down the real cash flow hacks that work: taking deposits upfront, charging site visit fees to filter time wasters, and getting paid the day you finish the job. We cover why your balance sheet is like a wet sponge soaking up cash, and how to wring it out.Cash flow isn't the problem, your systems are. Fix the systems, fix the cash flow. Your business success depends on cash moving through it, not getting stuck in it.If you're interested in working together in other ways:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/
The #WHATSNEXT Podcast is a life changing resource that you can use to make huge impact in your business & life! Hosted by Chartered Accountants, Luke Kemeys & Phillip Smith. With these two leading the charge, there is no doubt that you'll find a heap of value and a non jargon approach to business. Consider nextAdvisory as the value library for business resources. Listen to find out #WhatsNext for your business.Grab our free business planning template our most successful client's use:https://nextadvisory.nzWant to book a call with us to discuss your business? Folow the link below:https://nextadvisory.nz/#book-onlineFollow us on Facebook, YouTube Instagram and LinkedIn.
New Zealand