Back to Blog

Do you have “A strategic wealth creation plan!

It’s not about getting rich quickly it’s about building something solid, step by step.Here a 4 pillar framework for our business leaders!1. Build the foundation - “Before we can build wealth, we must stabilise the base. A strong foundation stops financial leaks and keeps you safe.”2. Grow your surplus - “Your surplus is the money left over after everything is paid. That surplus becomes the engine for wealth.”3. Multiply you Money - “Imagine planting seeds — they grow over time, a...

Government grants and how they help your funding

Having access to funding is key to the growth and evolution of your business. We’re used to exploring the common routes to funding, such as business loans, private investment and venture capital etc. But when was the last time you stopped to check what government grants were available for your sector or business type?Let’s find out more about government grants, the benefits they have over debt finance and what you can do to improve the chances of a successful grant application.What are the k...

Happy Christmas!

Happy Christmas!We wish you a happy Christmas and very well deserved end-of-year break. We are grateful for the opportunity to work with you and be a part of your business journey.It has been another year of hard work and challenges for our clients. We hope you will be able to take some time at Christmas to connect with family and friends to recharge and relax.Our office will be closing on 23/12/2025 and reopening on 12/1/2026.From your team at KREA!...

Ohanga ki te Ao – Rewriting Our Story Through Faith, Unity, and the Power of the “Small People”

Attending Ōhanga ki te Ao stirred something deep in me, an empowerment that comes from watching history being rewritten in real time, not through ego or noise, but under the direction of faith. It reminded me that the movement toward unity doesn’t start with the big names or the suits in the room. It starts with the “small people”, the ones who quietly grind, dream, and build foundations in their garages, spare rooms, or sleepouts. The ones who often feel unseen, yet carry the heartbeat o...

Provisional Tax – how does it work?

If you had to pay tax of more than $5,000 in your last income tax return, you may have to pay provisional tax for the following year.Provisional tax is like paying progress payments on next year’s income tax. The amount you must pay relates to your expected profit for the year. In practical terms, the amount of provisional tax you’re expected to pay is based on the tax you were liable for in the previous year, often referred to as residual income tax (RIT).Even if you are not required to pay...

Holiday cash flow for your small business

Are you heading away for a break from the business this year?This time of year can be hard on small business. Your expenses continue and your cashflow can suffer when your debtors go on holiday. Leading up to the holiday period, is your business cash flow in good health to carry you through? With a bit of pre-planning and being proactive, you can set yourself up for a financially stress-free holiday.Planning your cash-flow over the holiday periodInvoice early - Send any invoices that you can, an...

Promoting your business in the digital age

As a small business, you know you need an online presence as a brand. You have a company website and you post occasionally on your blog page. But at this point in the digital transformation of business, that’s not enough for customers to find you, engage with you and become long-standing customers of the business. To promote your business effectively, you need to embrace both the digital revolution and the benefits of automation and artificial intelligence (AI). Four key digital channels that ...

5 challenges for small business - and how to beat them!

Starting, building and growing your own small business is a hugely rewarding experience for many entrepreneurs. But the road ahead isn't always smooth.There are common challenges that crop up and ongoing issues that need to be factored into your business plan, your strategy and your own personal thinking. So, what can you do to beat these challenges and make the journey as frictionless as possible?5 proactive ways to overcome your business challengesWe’d all love to know what lies around the c...

Refresh and review: February 2025

Before the year gets too crazy, take a minute. What do you hope to achieve this year? Do you have an ambitious growth plan or is it all about pinpointing how to cut costs or increase revenue (or both) to improve cash flow and realize your goals?Dust off your business plan. By regularly checking in with the plan and retuning as needed, you will know more about the current state of your business and where you’re meant to be headed. Identify vulnerabilities, take stock of your assets and insuranc...

6 SIGNS THAT YOU HAVE A POVERTY MINDSET

1.   You Don’t Find It Easy to Celebrate People’s SuccessDo you find it easy to celebrate people’s success? Sometimes the people that achieved things you desire for your own life? We might be jealous of people who have more than us. It shows that we don’t understand God will provide. We don’t believe that there is plenty for everybody. Somebody else’s prosperity doesn’t reduce God’s ability to prosper you.2.     You Make Stories about Power...

Christmas eBook

As we end another year and reflect on KREA as your trusted accounting department as part of your business, we are excited to announce new changes for 2025. ...

How to prepare your business for an Audit!

For companies of a certain size, a regular audit is a mandatory requirement. Here’s how to get your finances ready for an audit, so it’s as stress-free as possible.#businessadvice #SmallBusiness #SmallBiz #SMB #finance #audit #auditingGetting ready for an audit is unlikely to be one of your favourite things to do as a business owner. But being prepared, organised and ready can take some of the pain out of an audit.Planning for your audit helps your auditor get their job done more quickly, an...

Book a tax planning conversation with us today!

Talking about your tax planning is incredibly important. Book a tax-planning session to help you plan out your tax liabilities and keep the business in a positive cash flow position.The days of deciding on a tax strategy at the start of the year and then forgetting about it are gone. As taxpayers and tax advisers, we both have to be nimble, flexible and aware of changes. That’s why regular tax-planning sessions are so important.- Is your business meeting the right tax compliance goals?- Are th...

Let’s reflect and reset for 2024!

2023 provided its fair share of challenges, highlights and opportunities, with many businesses and people feeling the pinch.From adversity can come opportunity. As the new year begins, it’s time to reflect on the past year, celebrate the highlights, and think about what brought the adversities, identifying the easy improvements you can make for quick wins in 2024. Revisiting your budget, checking there is an efficient tax structure and learning how to increase your cashflow are great places to...

What to look out for when buying a business

Buying an established business is a great way to enter into the business world, or to expand your existing business empire. But purchasing a company isn’t something to enter into lightly.Becoming the prospective owner of a new business means doing your homework, researching the business you plan to acquire and working closely with a team of advisers.Here are five key questions to ask yourself, before entering into a deal.Why are they selling the business?It’s vital that you know WHY the curr...

Instagram for Trade Businesses

Discover the untapped potential of Instagram for your trade business. 🚀Uncover how this platform can help you attract new clients, showcase your work, and boost your brand's visibility. we've found a step-by-step how to set up a business account, engage with your community, and use Instagram's features to your advantage.With over 100 million active users in the USA, 30 million in the UK, 10 million in Australia, and 2 million in New Zealand, Instagram offers a vast audience ready to connect w...

Planning for upcoming tax deadlines in December 2023 and January 2024

We have summarised tax deadlines coming up, to prevent you from missing any deadlines and facing a penalty.Take a look at your cashflow forecast and tax obligations over December-January, especially if you are impacted by seasonal revenue (such as Christmas revenue as a retailer).5 December - PAYE - Large employers payments due for deductions made 16 to 30 November. File employment information within two working days after payday.20 December - PAYE - Payment due for small employers for...

How to get original with your marketing (without breaking the bank)

The success of your business depends greatly on the success of your marketing. Getting your key messages, product features and brand identity out into your industry market helps to drive engagement and sales – but we don’t all have millions to invest in this marketing.So, how do you come up with innovative marketing on a shoestring budget?Do you need big bucks to deliver great marketing?Big marketing budgets are usually the sole preserve of large corporations with deep pockets and large bank...

Can an AI assistant streamline your business?

A business AI assistant is an artificial intelligence-powered software tool that’s designed to support and enhance different areas of your business administration and management.These AI assistants (sometimes known as virtual assistants or chatbots) use natural language processing (NLP), machine learning and automation to interact with you, your team and your customers. They can give answers to simple questions and FAQs, perform efficient automated tasks and carry out detailed reviews and anal...

The Value of Employee Exit Interviews

Exit interviews give your business a great opportunity to identify areas that may be causing employees to leave so you can work on improving them.They can also give you insight into what you’re doing right, which can help in recruitment and brand promotion.To make exit interviews as effective as possible, keep these things in mind:Have a neutral person conduct the interview - this helps you gain open and honest feedback.Do it before the person leaves - you’ll get better participation and ins...

Happy New Year

Thank you for your business in 2023.For business owners, the New Year is often the time of year when you reflect on where you are at and think about your business goals for the year ahead.These could be lofty goals, or even setting out a plan to achieve some more mundane (but equally important) projects. Whether that is getting paid faster, reassessing expenses, or bigger things like automation of processes and new markets.We are here to help you achieve your goals for your business and we look ...

Building Strong Client-Contractor Relationships in a Trade business

Strengthen your client-contractor bonds in the trades industry. The following article covers the essential elements for building strong and lasting client-contractor relationships. Learn about the significance of honesty and transparency in interactions with clients, and the importance of clear communication about project expectations and daily working routines.This article also highlights the role of solid contracts in defining project boundaries and preventing potential disputes, underlining t...

Mutual Expectation for your Annual Accounts

The above expectations are fundamental to our commitment to our agreed fee for completing your Annual Accounts and Tax Returns.  If we don’t receive the information we need, when we need it, it may impact our internal costs.   Committing to the below steps will ensure we hold fees as per our agreed fee contract, as well as meet our 30 day completion target.1. Your invoices and documents. If you use either the full version or cashbook version of Xero, you agree to upload all sign...

Your action plan for market readiness

If you plan to sell your business, give yourself a reasonable timeframe to bring your business into full market readiness. Set targets to improve performance and minimise risk.Financial: go beyond asking do the numbers add up. Where do revenues, costs and profit need to be to present the best buyer opportunity?Strategic: potential buyers look for a compelling business model, sound management systems, streamlined processes.Human: be upfront with your team. Work through potential HR issues before ...

Plain English guide to profit and loss

Here's our Plain English guide to profit and loss and what this report reveals about your finances.What is profit and loss?Your profit and loss statement is commonly called your ‘P&L’. It’s also sometimes referred to as your income statement or statement of earnings.Your P&L is a breakdown of your company’s revenue (money coming into the company as sales and other income) and your expenditure (direct costs, overheads, expenses and other costs).As a business, you obviously want to...