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MBP 3 in 3 at 3 - The Three Key Things you need to know this week.

Running a Business with an Abundance Mentality

There are a huge number of benefits to running a business with an abundance mentality, but what is it. What is an Abundance Mentality In short, an abundance mentality is an acknowledgement that there is enough demand in the market to support many businesses. Its

How to get up to $39,000 Income Tax-Free

If you’ve got a couple of spare rooms, renting them out is a great way to make some extra cash. However, how you rent them out can make all the difference and can even be the difference between paying a large tax bill and no

Claiming Work Clothes as a Business Expense

New Zealand does not have the most liberal tax laws when it comes to making claims for work clothes. This is one thing that our cousins across the ditch are far more generous with. There is a very narrow definition in NZ tax law and

Direct Debit Makes Payments A Breeze

MBP’s preferred payment method for monthly package subscriptions is by direct debit. With our recent move to GoCardless, this process is now easier than ever before. If you are on a subscription based service plan, you will likely receive an email notifying you of any

Looking for NZ’s Best Start-Up Business Ideas?

There’s nothing quite like Kiwi ingenuity when it comes to identifying the best start-up business ideas. A quick look at Taupo’s tourist attractions (and those across New Zealand) demonstrates this perfectly! Who would have thought people would pay money to jump off a bridge with

Tax & Your Motor Vehicle Expenses

Many businesses need to get their employees around the place to do their jobs. This often means that they need to either have company motor vehicles for their employees to use, or reimburse their employees for the use of their personal cars.  Much of the

Beginners Guide to Using Social Media for Your Business

As a business owner, using social media is vital in helping your business get noticed and be remembered by your customers. Long gone are the days when print, TV and radio advertising was your only option to market your products or services. Nowadays, most people

Why New Businesses Fail

Why new businesses fail is a tough question to answer, almost as difficult as explaining why the lucky ones succeed. Every single business is unique, even those in the same industry have different factors effecting their success. The following issues are a few that we