accounting - NZ Business Connect

Stephen Hatfield from Tauranga-based Hatfield Business Development and Accounting Services Joins the NZBC Network

NZ Business Connect / 2 July 2025

NZ Business Connect is proud to announce one of our new members: Stephen Hatfield, a Chartered Accountant operating out of the Bay of Plenty with over 30 years of experience in the wider world of accounting. Since 2012, Stephen has been offering his clients a different kind of accounting service to the one that you might have come to expect. Hatfield is what Stephen calls a “boutique agency” — he and his team target small and medium size businesses with a model built on three prongs: business planning and development, traditional accounting services, and tax. Hatfield not only helps you to understand your past and present finances— the traditional accounting services that they offer — but also where you can go in the future with their business planning and development services. The company will help you plan for your future prosperity, and keep you accountable on implementing the strategies needed to reach your success. Success comes in many forms for Hatfield. It could be a dutiful compliance to tax regulation that keeps you out of trouble with the IRD, or helping you reach that aforementioned prosperity. It’s also an adherence to the values of the company, namely: ● Being proactive in communication, not just at the end of the financial year ● Ensuring clarity in communication, and avoiding “Accountanese” ● Maintaining a positive and conscientious attitude ● Being forward thinking and solutions focused; a fixer instead of only an alarm bell ● A good work/life balance for their team Stephen is a man who likes numbers and formulas. That’s why he became an accountant. Over the years he’s developed his own formula: good information allows for better decisions, and better decisions = mind, time, and financial freedom. He thinks you’ll like the outcome it provides when applied to your business. Next time you’re considering an accountant, be it when in dire straits, or so wealthy that you need someone to help you count the bills by the 1000, give Hatfield a call. They’re sure to pick up, and Stephen is sure that you’ll leave knowledgeable and satisfied. Contact Stephen Hatfield: 07 579 6022 Stephen@hatfield.co.nz https://hatfield.co.nz Contact NZ Business Connect: 027 458 7724 phillip@nzbusinessconnect.co.nz

The Importance of Business Budgeting and Forecasts with Chartered Accountants Drumm Nevatt & Associates.

Futureproofing is a necessity for your business in a world of uncertainty. Plan for everything and be ready for anything! So, what are budgeting and financial forecasts, and what is their importance in future business planning? Budgets are tools companies use to establish goals like growth, future trends, or experiences of a company. It allows management to assess where the business is heading and quantifies future expected revenues for achievement. Budgets are set for a specific period, once, twice, or quarterly. In contrast, financial forecasting estimates the amount of revenue/income more frequently and examines whether the proposed timeframe set in the budget will be met or not. How does a more challenging economy affect your business? Whether collaborating on accurate forecasts, fine-tuning your budget, or planning predictive business modelling, you will face daily business challenges. Budgeting and financial forecasting should work in tandem with each other – the budget creates the baseline to compare actual results and determines how far those results vary from a business’s expected performance. Financial forecasting determines how companies should allocate budgets for future periods. What is involved with setting budgets and forecasts? Ever wished you could look into a crystal ball and see what the future holds for your business? Your business is your most powerful asset, so why not future proof it today by contacting registered chartered accountants Drumm Nevatt & Associated Limited? Call the team at either their Howick or Tauranga office for your initial one-hour complimentary consultation today. Howick Office Phone: 64 9 534 4382 Email: office@dnaca.co.nz Ridge House 69 Ridge Road Howick Auckland 2014 PO Box 54 060 The Marina Auckland 2144 Tauranga Office Phone: 64 7 576 2194 Email: admin@dnaca.co.nz 23 Myres Street Otumoetai Tauranga 3110