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Kiwi goods exports to the EU surged by 28% last year. Here’s how to maximise your export strategy to make the most of the New Zealand-European Union Free Trade Agreement.

A dedicated team can be the point of difference that propels your business from good to great. Here are some tips for successful recruitment.

FBT rules are tightening, and perks like vehicles or staff meals could cost more than you think. Stay ahead of changes for 2025.

Budget 2025 introduced the Investment Boost scheme. But how can Investment Boost help you reinvest in growth and the competitiveness of your business? Check out our summary.

From AI to automation, accounting tech is changing fast - and SMBs stand to gain the most. Here’s what to know (and how to keep up). 

Family businesses can face challenges as they grow, and need to consider long-term directions and succession planning. Good governance is critical for every business. Have you thought about what a family advisory board could bring to your business?

Farming income can be unpredictable - but your tax bill doesn’t have to be. Income equalisation helps even things out over time.

The way you value your stock can make a big difference come tax time. Find out which method fits your farm best - Herd Scheme or NSC. 

On 28 May 2025, the Monetary Policy Committee agreed to reduce the Official Cash Rate (OCR) by another 25 basis points to 3.25%. This planned cut to the official Reserve Bank of New Zealand (RBNZ) rate is aimed at stabilising economic conditions in Aotearoa and for inflation to stay within their target of 1 - 3%. But how will a drop to a 3.25% rate affect your small business? The key business pros and cons of the OCR cut A cut to the OCR has both potential benefits and drawbacks for New Zealand-based small business owners. Here's our breakdown of the possible implications for your business: Potential benefits Reduced borrowing costs – a cut to the OCR means lower interest rates on loans, including business loans and mortgages. This could mean easier, and potentially cheaper, access to capital for your small business, helping you finance your planned growth initiatives, equipment purchases or operational costs. Increased investment – with borrowing costs now dropping, it’s a good time to look for business funding and finance. With repayments lower, you could look to invest in expansion, innovation or hiring new employees (all key elements of growth for 2025). Improved cashflow – with your loan repayments now smaller and more manageable, you free up cash for the business. This liquid cash can be used to reinvest in the business, cover your increasing operating expenses or build a financial buffer. Boosted consumer confidence – a lower OCR can sometimes lead to higher consumer spending, with customers feeling they have more cash in their pocket. If you’re a B2C business, this can lead to boosted sales and increased revenue. Potential drawbacks Slower economic recovery – the OCR is often used to stimulate economic activity, but, paradoxically, in certain circumstances, it can actually slow down recovery. A cut could benefit businesses in the long run, but a slower economic recovery may mean lower sales in the short to medium term. Inflationary risk – cuts to the OCR could lead to future inflation spikes. Lower interest rates lead to cheaper borrowing and more spending. As prices and spending rise, so will the rate of inflation. Potentially, this could increase operating costs for your businesses. Uncertain impact on interest rates – the high street banks won’t always pass on the full OCR reduction to borrowers. It's important for you to shop around and compare interest rates between business banks, to ensure you're getting the best deal. Talk to us about the impact of the OCR for you business The impact of the OCR cut on your business will vary, depending on factors like the industry you trade in, access to capital, and your reliance on consumer spending. A further cut is possible in May, especially given recent global economic instability. Talk to our team about how the OCR cut may affect your business plans for 2025 and beyond. We can help you: Review your loan options and whether refinancing makes sense. Plan for growth and extra investment, using the potential cashflow boost Keep an eye on inflation rates and how to adjust your pricing Keep up to date with the OCR and the major NZ economic situation.