EP 565 - Massive Wave Of NZ Business Closures: Watties NZ & More Gone

Apply for the winning formula 12 month business planning: https://nextadvisory.nz/the-winning-formula/Even Watties is shutting down plants and cutting jobs. If a household name like that isn't immune, what does that mean for your business?Luke and Phil break down the liquidation crisis hitting New Zealand, with construction and hospitality leading the charge.The pattern is clear: businesses are carrying the same overhead on reduced sales, squeezing profit to losses, then using creditors and IRD to fund the shortfall. Meanwhile, IRD is getting aggressive.If you're behind on tax, it's going on your credit report. Employees will see it. Banks will see it. Suppliers will see it. You can't hide anymore.We cover why some businesses are thriving while others collapse, the unfair advantage of not paying tax (until you get caught), and why playing by the rules might finally pay off. The economy isn't coming to save you, fix your business fundamentals now. If you're interested in working together:Visit our website https://nextadvisory.nzLet's connect over a quick call: https://calendly.com/philsmith/Instagram: https://www.instagram.com/nextadvisory.nz/