Blog & Resources
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Is your business model as solid and future-proof as you think it is? Small businesses face a number of challenges in 2024, with the business environment, globalisation, technological change, and difficult economic conditions all playing a part. However, with challenges come opportunities. Is your business prepared to adapt and thrive in this evolving landscape? How will […]
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Contracting or freelancing requires you to wear a lot of hats. Relationship-building, keeping track of your time, marketing your skills and actually doing the work. But one of your priorities should also be establishing how you handle your money and setting the groundwork for good habits. Understand your deductions Before you start, it’s essential to […]
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In today’s fast-paced business environment, the average business owner often finds themselves needing an additional four hours in their working day just to complete their admin tasks, as highlighted by recent research from OnePoll. If your team is spending 20 hours per week on tedious and unproductive admin, it’s detrimental to both your business and […]
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Running a successful business isn’t just about generating revenue. It’s also about understanding your revenue drivers and how to optimise them for growth. At Coastal Accounting, we specialise in helping businesses like yours unlock their financial potential. Through expert accounting, personalised financial planning, and strategic business advice, we guide you towards success. Whether you’re managing […]
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A recent survey showed that 93% of respondents believed changes made by the Government had increased their cost of doing business. And rising costs and expenses can have a significant impact on your cashflow and bottom line. So, what can you do to minimise the impact of sky-rocketing costs in your business? Seven ways to […]
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Projecting your cashflow pipeline forwards is vital To navigate the future path of your cashflow, you need to start forecasting. This allows you to map out your financial position over the coming months and take appropriate action to safeguard your cash position. Coastal Accounting Limited specialises in providing comprehensive cashflow forecasting services to help you […]
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Once a business sells (or stops trading) or a company sells its property (real estate), we recommend completing our company wind up process. This is important because otherwise IRD will continue to expect a tax return for each financial year (even if the company does not trade), and the Companies Office will require an annual […]
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It’s common to think of ourselves and our company as one entity. However, the company is a separate legal entity with its own limited liability. Shareholders often provide capital to the company for purchasing assets or funding working capital, and they may also withdraw cash, especially for personal use if there’s money in the company’s […]
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Once you’ve sold your business and have received the funds from the sale, you’re then faced with a big question: what happens next? After guiding the helm of your company, it will be tough to let go. But if the circumstances are right, there’s no reason why exiting the business should be a sad occasion. […]
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It’s been a little while since our last newsletter, and we’ve missed connecting with you. But just like a well-balanced ledger, some things are worth the wait! We’ve been busy staying on top of the latest financial news and preparing some valuable insights and tips to help your business thrive. 2023 and 2024 have undeniably […]
