August 2025 - Rebuilding your Finances
In this newsletter:
- Rebuilding your Business Finances
- Xero Price Changes
- Annual Business Planning Meeting
- Business Drivers
- Important Tax Dates
TAEL is your trusted partner to get you through the current economic challenges and help you succeed.
Rebuilding your Business Finances
Free Webinar | Tuesday 26th August 10am
In today’s tough economic climate, many small businesses are feeling the pressure. Rising costs, shrinking margins, and financial uncertainty are making it harder than ever to stay afloat.
Join us for “Rebuilding your Business Finances”, a practical and supportive webinar designed to help you:
- Explore opportunities, vulnerabilities and critical challenges
- Learn smart strategies to manage your personal budgets
- Discover tools and tips to rebuild financial stability and plan for growth
Whether you're struggling with rising costs or just want to strengthen your financial foundations, this session is packed with actionable advice tailored for the current economic landscape.
Xero Price Changes
Xero has announced updates to its pricing structure, effective 1st September 2025, which will impact several popular plans.
- GST Cashbook: This plan will be retired and replaced by the Ignite plan, priced at $35+GST per month. The Ignite plan includes essential features such as invoicing, bank reconciliation, and GST filing.
- Ignite Plan (formerly Starter): Will remain the same price at $35+GST.
- Grow Plan (formerly Standard): Will increase from $75+GST to $83+GST per month.
- Comprehensive Plan: Will increase from $99+GST to $110+GST per month.
- Ultimate Plan: Will increase from $113+GST to $125+GST per month
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These changes reflect Xero’s ongoing efforts to simplify its offerings and bundle more features into each plan, such as payroll, expense tracking, and advanced analytics.
If you are on a time and cost basis, your September invoice will reflect the increase in fee. If you are on a Monthly Instalment Arrangement, we will be in contact with your new fee based on the Xero fee increase.We’re here to support you through these changes and ensure you’re getting the most out of your Xero subscription so please get in touch to:
- Review your current plan and usage.
- Consider whether the new features included in your plan offer value to your business.
- Reach out to us if you’d like help assessing your options or transitioning to a different plan.
Annual Business Planning Meeting
Why we developed this service.
Success is about planning; we want to help you achieve success.
- Do you have a current an Annual Business Plan?
- Have you set realistic and measurable goals?
- Do you have clear strategies to achieve your goals?
- Do you regularly review your goals in regard to changing circumstances?
An Annual Business Planning session will require you to take time out from day to day activities in the business to focus on the business.
Who should have an Annual Business Planning session?
Every business should have an Annual Business Plan. Would you like:
- To increase the level of growth, profitability and cashflow in your business?
- Support to unlock your business potential?
- A clear outline of what you need to do to unlock this potential?
- A document against which to measure your progress
What is involved?
We'll provide you with pre-work, which you will need to complete prior to the Annual Business Planning session to ensure you identify any issues that need to be discussed. That way we can prepare any information required prior to the session.
Benefits of an Annual Business Planning Session
- Discussing and setting both personal and business goals for the next 12 months
- Discussing and agreeing on an action plan with strategies to support achievement of goals
- Identifying Gross Revenue Targets and Key Performance Indicators
- Identifying opportunities and vulnerabilities in your business that need to be managed
- Establishing a 90 Day Action Plan to address immediate critical issues
- Review and set the direction of the business
- Eliminate procrastination
- Identify common goals amongst a number of directors (if applicable)
- Identify and prioritise your key goals
- Create strategies to achieve your goals
- Identify what you will need to achieve your goals
- Set timeframes for achieving your goals
- Develop a tool to communicate your business goals and vision with your team
- Divide your goals into short term and long term - quick wins vs. key projects
- Develop a template to review actual performance against targets
- Create a platform to develop Financial Forecasts
- Use your Annual Business Plan as a basis for you to set team members’ individual goals / targets
Email to book your Business Planning Meeting
Business Drivers
As we hit over the halfway mark of the year, it’s the perfect time to pause and reflect on what’s really driving your business forward. Are your goals still aligned with your day-to-day operations? Are you making space to grow smarter, not just faster?
In our latest blog post, we explore how a mid-year check-in can help you:
- Refocus your energy on what matters most
- Identify areas for improvement or opportunity
- Make informed decisions for the second half of the year
Whether you're a tradie, small business owner, or just looking to sharpen your strategy, this article is packed with practical insights to help you thrive.
Important Tax Dates
The Tael 2025 Tax Calendars are available to download from our website here or you can collect one from the office.
Upcoming Tax Dates:
28 August 2025 – The 1st Instalment of 2026 Provisional Tax is due for payment to the IRD & June/July Period GST payment
If you have any questions or concerns for us, please don’t hesitate to get in touch with us.
From
THE TAEL TEAM
Ready to strengthen your business? Let’s work together. Schedule your no-cost initial Proactive Accounting Meeting (PAM) to see what’s possible.
