While retailers race through their busiest time of year, not every business benefits from the Christmas rush. Many service-based, wholesale, or manufacturing businesses might even face a sharp decline in orders just when holiday pay, bonuses, and annual shutdowns see expenses rise.
If that all sounds familiar, these four tips will help keep your business steady through the summer cash flow crunch.
1. Forecast to February
Projecting your income and expenses well into the new year helps you spot potential shortfalls and take action before they become problems.
2. Invoice early, follow up now
Send invoices before your shutdown period and chase outstanding debts while clients are still around.
3. Prioritise essential spending
Identify what expenses are necessary and what can wait until revenue picks back up.
4. Prepare for January’s tax obligations
The 15 January due dates for PAYE, GST, and provisional tax can feel like a Grinchy surprise. Set aside funds now to avoid starting the new year under pressure.
Worried about the summer squeeze?
If this season feels tight, get in touch. Our financial advisors can help you plan ahead, manage your cash flow, and explore IRD instalment options to lighten the load.
Disclaimer: This blog has been carefully prepared, but it has been written in general terms only. The blog should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.
