Interest rates are soaring, prices for groceries and fuel are rising, and businesses have unreliable supply and cost pressure.
Add staff shortages because of the lingering effects of Covid-19, and some small businesses are under severe stress. The natural reaction of many businesses is usually two-fold: Earn more, and/or spend less.
Spending less is the easier option, but many businesses are already cut to the bone. If you do look at cutting costs, be careful not to apply measures that affect your ability to earn more. Read more ...
Cryptoassets are virtual assets that are a digital representation of value. Commonly referred to as cryptocurrency, these virtual assets function as a median of exchange and operate independently of banks or other financial institutions. Bitcoin is an example of a cryptoasset. Find out more ...
Also in this issue
Trusts - IRD Disclosure and Reporting requirements
In communications, keep it brief
GST changes afoot for sharing businesses
Staff shortages and immigration
Seeking emergency funding needs care