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Chartered Accountants

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

Growing your business through livestreaming

Posted on Apr 12, 2017 by editor

With video marketing here to stay, why not take advantage of live streaming to grow your business. Livestreaming is the ability to broadcast live straight to the internet through social media platforms. It is a tool that has been adopted by savvy tech-heads and it is powerful when reaching out to clients and building your customer base. With over one billion users on Facebook and five hundred million Instagram users, why not take advantage of the ability to boost your business through livestreaming and gain a competitive edge? As a marketing strategy tool, livestreaming is effective; it’s fast, it’s easy […]

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Considerations when starting a new business

Posted on Apr 4, 2017 by editor

Developing a business is not easy work, particularly if it is to be successful. Careful planning is an essential part of the process, but there are some things you just cannot predict or plan for. Including the following considerations in the brainstorming phase of business development can make dealing with potential setbacks easier to manage. Entering into a partnership It is always great having a business partner; to bounce ideas off, to lessen the workload, someone who supports you and understands the struggles of starting a new business because they are in it with you. But entering into a partnership […]

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Crowdfunding business dreams

Posted on Apr 4, 2017 by editor

Crowdfunding can provide a platform for struggling start-ups to raise capital or businesses trying to get ahead with an injection of cash into a new project. Although crowdfunding is still in its relatively early stages; it is rapidly gaining momentum. There has been a boost in crowdfunding due to the increase in the level of professionalism, ease of use and ability to access. Crowdfunding describes the collective effort of individuals who network and pool their resources, usually via the internet, to support efforts initiated by other people or organisations. It allows an interested party to invest in an idea that […]

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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 […]

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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 […]

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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. […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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