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"Successful people demonstrate their resilience through their dedication to making progress every day, even if that progress is marginal." - Jonathan Mills

Hi there

Welcome to this month’s edition of our newsletter. We’ve kicked off April by scheduling the annual accounts and tax returns for the year ending 31 March 2025. While waiting for your query list, we recommend that you begin compiling your financial documents using the checklist available on our website.

In this month’s issue:

We take a closer look at the impact of new US tariffs and what these could mean for businesses exporting to the USA.

We explore the 7 key causes of poor cash flow and share some downloadable resources to help manage your cash flow more effectively.

A reminder about upcoming tax obligations: the final instalment of provisional tax and GST return and payment are due on 07 May 2025.

Once your financial statements are ready, we’ll send you the drafts for review. We recommend booking your Annual Accounts Review (AAR) meeting, where we’ll highlight performance insights, identify growth opportunities and ensure you're well-positioned for the year ahead.

As always, if you have any questions or need assistance, please get in touch via our website or email us at support@dva.co.nz.
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US Tariffs Are Here—What NZ Exporters Need to Know

If you’re a small business that exports to the USA, these tariffs are more than just a political talking point – they’re a very real and tangible change to your export costs.

So, what can you do to minimise the impact of these tariffs on your bottom line?

Why is President Trump introducing these trade tariffs?
President Trump has implemented broad tariffs across all US trading partners as part of his ‘America First’ economic policy.

The tariffs appear to be an extension of Trump's first-term trade philosophy, applying pressure on trading partners to negotiate more favourable terms for American industries.

While his aim may be to reinvigorate American manufacturing and cut the USA’s reliance on imports, economic commentators are divided on whether this goal can be achieved.

What tariffs have been announced?
A blanket tariff of 10% has been applied to all foreign trade partners. This is the base tariff that the USA’s most valued trade partners will pay for 90 days from March 10 2025.

What could the impact be on your bottom line?
Even a 10% tariff can have a significant impact on the cost of exporting your goods to the USA.

When you’re already paying production costs, shipping expenses and delivery costs, having an extra 10% added to your export costs may well have a serious impact.

    We listed a few of the potential negative effects on this blog.
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    The 7 Causes of Poor Cashflow

    Cash is the lifeblood of any business. Even profitable businesses can and do fail because of poor cashflow.

    What’s important is that you understand your key cashflow drivers. Improving cashflow is often all about changing your processes. Processes such as how you order stock and pay for it, how you bill for your services and how you make sure you get paid by your customers.

    Treating the symptoms of poor cashflow without fixing the underlying causes is time-consuming and frustrating.  

    Inadequate cashflow is a symptom of management problems in a business, NOT the cause. In order to fix these underlying causes, you need to be willing to make the necessary changes. You’ll build a much better and valuable business, as well as improving your cashflow. 

    While there are many causes of poor cashflow, most of these relate to one or more of the following seven categories. Find out more on our recent blog and get access to downloadable resources to help manage your cash flow more effectively.

    Read Blog and Download Cash Flow Management Resources
    Tax Time

    May 7th Tax Due Reminder - GST & Provisional Tax

    As we approach the 7th of May, this is a timely reminder for all clients with a 31 March balance date:

     

    ✅ GST Return and Payment – for the taxable period ending 31 March
    ✅ Provisional Tax Payment – due if you’re using the standard, estimation or ratio options

     

    To avoid penalties and interest, make sure your payments are completed on or before the due date. You can make payments to Inland Revenue via internet banking, debit or credit card, in myIR or from overseas.

     

    Need help understanding how these taxes work? Check out these helpful resources:

    • Provisional Tax – how does it work?
    • Understand UOMI and Stay Ahead of Your Tax Obligations
    • GST Guide

    If you have any questions or need support with your returns or payments, don’t hesitate to get in touch with us. We're here to make tax time easier.

    Book a Tax Consultation Call
    Annual Accounts Review

    Why You Shouldn’t Miss Your Annual Accounts Review

    Once your Annual Accounts are prepared in draft form, the Client Services Coordinator (CSC) will send these through along with a link to book your Annual Accounts Review Meeting. This meeting can be held online or in person at the DVA office, and typically takes 30–60 minutes, depending on the complexity of your accounts.

    Understanding your Annual Accounts and taxation commitments is a crucial step towards running a profitable and sustainable business. It is an opportunity to gain financial clarity, review key performance metrics and align on your next steps forward. 

    What You’ll Gain from Your Review:

    • Sharpen your financial awareness skills

    • Discuss real business challenges and get practical advice

    • Spot opportunities to improve your profit and cashflow

    • Work strategically with us to achieve your business goals

    • Understand your tax position and avoid unwanted surprises

    If you’ve experienced significant changes in your business, have seen a notable shift in workload or would like a quick catch-up with your assigned Partner or Manager, please don’t hesitate to book a consultation call or get in touch via email.

      Contact Us for a Quick Consultation

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      DVA, Unit 7A, 331 Rosedale Road, Albany, Auckland 0632, New Zealand, 09 415 9900

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