Matt Vincent

Recent Posts

Understanding the Use of Money Interest (UOMI) System

Posted by Matt Vincent on Jun 28, 2022 4:57:54 PM

Some taxpayers are subject to use of money interest when they don’t pay their tax, pay late or underpay.

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Topics: Covid-19, auckland, financial adviser, inland revenue, money interest, tax commitments, new zealand tax, use of money interest, tax and compliance

What does Budget 2022 mean for you?

Posted by Matt Vincent on May 26, 2022 6:57:39 PM

With the cost of living soaring, interest rates rising and house prices falling, Budget 2022 aimed to deliver a little something to help the average household.

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Topics: #budget2022 #nzbudget

High inflation: What does it mean for your business?

Posted by Matt Vincent on Mar 14, 2022 3:07:15 PM

High inflation is hitting businesses and households hard in 2022. Across the world, inflation is running high, thanks to factors like pandemic disruptions, monetary stimulus and supply-chain issues.

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Topics: Value, Business Development, Profit, Growth

Understanding your duties as a Trustee

Posted by Matt Vincent on Feb 10, 2022 12:56:43 PM

If you’re a Trustee, it’s essential you get up to speed with your duties under the new Trusts Act 2019. While most of these duties were already considered best practice, and some were mandated by common law, they’re now codified in law and must be adhered to.

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Inflation is coming: should you increase your prices?

Posted by Matt Vincent on Feb 10, 2022 9:46:31 AM

Inflation is currently running at 5.6%, but experts are forecasting that it’s likely to increase over the next year or two. The rising cost of goods and services has been driven by local labour shortages as well as higher shipping costs and product scarcity worldwide.

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Topics: Value, Covid-19, Payable, Money, Growth

Selling with Empathy

Posted by Matt Vincent on Feb 23, 2021 4:18:43 PM

Everyone has been affected by Covid-19 and lockdown. Some people are worried about job security and spending cash. Others have the cash they’d usually spend on overseas holidays available to spend locally.

To recover from such a major economic downturn, we need to increase our business activity and sales. So, how do we do this while being mindful of the struggles our customers have faced? The last thing we want is to come across as opportunistic or pushy and damage our brand.

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Topics: Lockdown, Finance

A Mindful Approach to Better Decision Making

Posted by Matt Vincent on Jan 11, 2021 3:52:25 PM

I was talking with a client the other day and the conversation went something like:

“I’m pissed off, I had three pending sales, one backed out because they couldn’t afford it, another competitor cut my lunch, took what I had done and gave the client a discount to get the sale.”

“But, what I am most pissed off about is the third person who contacted me wanting to take some time to consider the deal. I told them if you don’t trust what I have done then you don’t trust me so find another supplier. The reality is that if I wasn’t so pissed off I believe I would have gotten that sale”.

I’m sure everyone can relate in some way to my client’s story.

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Topics: Purpose, Apps, Stress, Growth, Mindful

Reflecting on the Year

Posted by Matt Vincent on Dec 14, 2020 3:53:40 PM

Reflection is taking a step back and putting serious thought or consideration into past actions, behaviours and beliefs.

 

If you were ever going to reflect on a year, this would be it. The turmoil that has been 2020 has impacted everyone, uncertainty in a crisis brings out the best and worst of us.

 

First and foremost, why would one reflect and why is it valuable?

 

If you want to become a better version of yourself or create a better business, you need to reflect on what has been so that you can take those learnings and improve. Growth is the reason for reflection.

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Topics: Purpose, Stress, Growth

Invest in your Business by Investing in Yourself

Posted by Matt Vincent on Oct 27, 2020 11:06:35 AM

For the last 11 years we have had discussions with hundreds of business owners at DVA and the problems and challenges they face usually fall into three main categories:

  1. Short of time

  2. Not enough money

  3. Too much stress (usually with their team)
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Topics: Business Development, Investment, Stress, Money, No time

Orchestrating the Apps

Posted by Matt Vincent on Jul 15, 2020 11:42:40 AM

I play the electric guitar and there are thousands of different effects, amp and speaker systems you can use to get the sound you want. The spectrum of sound is endless, think Jack Johnson towards one end and Metallica towards the other.

The toys of a guitar player can be expensive but the best advice that I received from a guitar maestro was to purchase equipment that can ­CONNECT to other equipment and that can also BE BUILT ON.

This advice can also easily be applied to applications and cloud technology you use in your business.

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Topics: Accountant, Apps, Applications, Xero, Technology, Business Development