logochartered-accountants-Aucklandchartered-accountants-Auckland

Chartered Accountants

Trusted advisers of all tax compliance and annual accounting issues facing both individuals and small businesses.

Encouraging a culture of growth

Posted on Mar 29, 2017 by editor

Business culture is a key component to a healthy workforce. Successful businesses engage and motivate staff to achieve their own career development goals alongside the overall business outcomes. For businesses to continually excel; business owners must capitalise on opportunities and adopt a growth mindset. One of the best ways to adopt a culture of growth is by engaging with current and new staff members. Here are three ways to encourage a culture of growth within your business: Emphasis values Tying your business’ core values to areas of growth helps to reinforce your overall mission. Emphasising your core values to employees […]

Keep Reading...

Creating an office of problem solvers

Posted on Mar 29, 2017 by editor

One major key to success is the ability to problem solve. Knowing how to respond to and resolve issues that arise creates stronger, more effective businesses. Whilst employees ought be highly skilled in their given fields, one trait that is truly invaluable is that of problem solving. As an employer, there are tips you can follow to encourage and develop the problem-solving abilities of your staff: Trust your employees There is nothing more damaging than micromanaging when it comes to building efficient problem solvers. When employees feel trusted and valued, they are more likely to challenge themselves when seeking out […]

Keep Reading...

Tips to prevent business fraud

Posted on Mar 23, 2017 by editor

Business fraud is a significant and growing issue for small business owners. Although fraud is not completely unavoidable, there are ways businesses can protect their private and confidential information. Here are five tips to help secure your business information: IT security. Using effective IT measures, as well as ensuring websites are secure and safe for individuals to use. Physical security. Regulating access to the workplace and securing workshops and storage areas. Testing. Regular testing of security systems to identify any weaknesses that require attention. Screening applicant’s past history. Ensure to complete appropriate background checks before hiring a new staff member, […]

Keep Reading...

Tips to improve productivity at work

Posted on Mar 23, 2017 by editor

A commonly cited issue among many workers is feeling unproductive during the workday. Between lengthy meetings and frequent disruptions, it can be easy fall behind with work from time-to-time. However, workers have more control over their productivity than they may believe. Productive workers manage their time at work efficiently, prioritise important tasks and are well-disciplined. Here are five ways to increase your productivity: Tackle your hardest task first Prioritising tasks on your to-do list helps to meet deadlines and reduce unnecessary stress. Instead of procrastinating or performing low-priority tasks, get started on the important tasks first thing in the morning. […]

Keep Reading...

Getting your business insurance right

Posted on Mar 23, 2017 by editor

Business insurance can be a tricky area to navigate. Being under-insured can spell the death of a small business, but, on the other hand, it is all too easy to end up paying insurance premiums that are too high. This can place a significant drain on your business’s valuable resources. Some common types of insurance that small business owners should consider include: Workers’ compensation All businesses with employees must take out workers’ compensation insurance to cover the costs of any injuries or illness incurred in the workplace. If you do not have employees but regularly hire contractors, you should double […]

Keep Reading...

Tips for successful networking

Posted on Mar 15, 2017 by editor

Whether you are looking to make new contacts in your industry or searching for your dream job; networking is essential to forming new relationships and expanding your connections. Here are three ways to improve your networking skills: Listen Networking is all about building relationships. One of the best ways to establish a connection faster is to simply listen to the other person with no interruptions. Listening helps to understand the other person’s concerns and identify opportunities where you can offer them value. Ask for an introduction Ask friends and acquaintances for introductions to people they know or people who you […]

Keep Reading...

Finding your point of difference

Posted on Mar 15, 2017 by editor

In today’s competitive landscape, business owners need to be able to identify and promote their business’ point of difference. A differentiated brand helps businesses to stand out to customers and can prevent them from getting lost in the traffic. Businesses can differentiate themselves from competitors with similar offerings by creating a unique selling proposition. A unique selling proposition is a marketing statement used to sell products and services to prospective customers, highlighting a key selling point. Although it can be tempting to compete on price alone, providing your customers with additional value can help to reach your sales targets more […]

Keep Reading...

Preparing for an Inland Revenue audit

Posted on Mar 15, 2017 by editor

Inland Revenue conducts audits on businesses to ensure they are paying the correct amount of tax and are complying with tax laws. Businesses can be selected for an audit for various reasons, i.e. random selection, to analyse business accounts or tax returns, selecting a particular industry or area, and so on. However, Inland Revenue won’t disclose the reason you have been chosen. If your business is selected for an audit, there are some things you can do to prepare. Inland Revenue will send you a letter telling you what records it needs to see and you will be provided with […]

Keep Reading...

Understanding financial ratios

Posted on Mar 8, 2017 by editor

Financial ratios are useful tools for business owners to monitor, analyse and improve their business performance. A financial ratio contains one or more financial figures and is expressed as a ratio, rate or percentage. Financial ratios are used to measure profitability, cash flow and liquidity, risk and return, and stock turnover and sales. Here are some common financial ratios used in business to: – Measure profitability Gross profit margin is a percentage of gross profit on sales. To work out: (Gross profit x 100) divided by sales. Net profit margin is a percentage of net profit on sales. Method: (Net […]

Keep Reading...

Acting on customer feedback

Posted on Mar 8, 2017 by editor

Customer feedback is a great learning source for any business looking to improve their competitive edge. But actually acting upon this feedback is the most important, an often neglected next step. Feedback from customers is a valuable asset for many businesses. It provides them with customer insights which can assist in improving services, products and overall customer experience. Feedback has also been shown to improve a business’s customer retention rates. But while feedback does create a competitive advantage for businesses, that advantage doesn’t just come from collecting the feedback. It is how a business chooses to act based on this […]

Keep Reading...

[testimonialswidget_widget refresh_interval=3]

Latest news

Business tax bill is now law

Posted on April 12, 2017 by BDS Hughes

The Taxation (Business Tax, Exchange of information, and Remedial Matters) Act 2017 received Royal assent on 21 February 2017. The new legislation focuses on changes to business taxation to make tax simpler. From 1 April 2017, the threshold for self-correction of errors under section 113A of the Tax Administration Act 1994 has increased from $500 to $1000; the use-of-money interest will be reduced or removed for the vast majority of business taxpayers; and most RWT exemption certificates can now be issued for more than one year. For the 2017-18 and later income years: The 63-day rule for employee remuneration has […]

send us a message or a question

  • This field is for validation purposes and should be left unchanged.

Upper Level, Watchdog House
21 Tamariki Ave, Orewa, Auckland

P: 09 426 2999 | F: 09 426 0812 | M: 021 790765
E: GARRY@BDSHUGHES.CO.NZ

[wpgmza id="1"]