I came across this article the other day. For me
this confirms what Yardley Lo is all about, helping clients and
total control of your business. To do this we need to communicate
with you as clients, which is the way we want to work and why we
offer fixed price services, so you can talk to us anytime. Regular
meetings and appointments are just the way we like to do business.
We work within a large amount of industies and offer great advice
to customers we have.
Recently I have worked a lot with clients helping
them reach better banking positions, assisting with growth and cash
flows. This is a specialist area I have focused on over the last
year or so as I help people navigate this testing economic
environment, I have been achieving some excellent
Please take the time to read below the
A good accountant can be the difference between success
and failure for Kiwi businesses in tough times, a new study by the
New Zealand Institute of Economic Research (NZIER)
The institute analysed three years' worth of data from
business software provider MYOB's regular survey of more than 1000
small and medium enterprises (SMEs). It found fuel prices,
competitive activity and margins were the most severe pressures
faced during the past three years of economic downturn.
But the study, Lessons from the Recession, also found that
those businesses getting good advice from their accountants were in
a better position to grow in 2013.
The study indicated that could be a big year for
accountants and business advisers as smaller businesses pushed to
grow in tight economic times.
MYOB's New Zealand sales manager, Scott Gardiner, said too
many SMEs used their accountants to meet their tax requirements
only, when they could be using them in a more strategic way to
strengthen and grow their businesses.
"Often, owning a small business can be a lonely life.
Often, you're doing it all on your own," he said. "Your accountant
is another voice, which knows your business. They often have
excellent advice and there's not much they haven't seen
The NZIER study found that, in today's difficult business
environment, businesses looking to improve margins needed to know
exactly where their costs were coming from, which is where an
accountant could help.
It found one big hurdle facing SMEs was a lack of access
to debt. "Over the course of the downturn, access to debt has been
of huge benefit to businesses as it opened up productive avenues
for investment and can help smooth out seasonal cycles," the study
Businesses that engaged in more transparent book-keeping
and more effective business systems were able to present clear
information to lenders that could make a business a far less risky
proposition. This was another area in which a good accountant could
be of advantage, the study said.
Gardiner said two keys elements in choosing an accountant
were to find one who knew your industry and then to establish a
He said the costs of a more-involved relationship with an
accountant should be considered in terms of the value brought to a