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Chartered Accountants

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

Make the most out of your LinkedIn profile

Posted on Oct 24, 2014 by editor

LinkedIn is usually the most important social media platform for B2B marketing and can also be a valuable way to recruit and network. It is also a great educational resource, and you can learn a lot from interacting with other business owners. Like all social media sites, LinkedIn is a pretty crowded platform, so putting in a little extra effort to stand out can go a long way. Here are some tips for making the most out of LinkedIn: -Get your photo right: You profile picture should be current, high-definition, and representative of your business persona. You should not use […]

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A guide to confidentiality agreements

Posted on Oct 24, 2014 by editor

Confidentiality agreements, also known as non-disclosure agreements, are an important legal consideration for many business owners at some point in their career. A non-disclosure agreement is a binding legal document that prevents individuals or institutions from revealing information that is not yet public. Confidentiality agreements can be extremely important during product development as they ensure that your competitors will not become aware of your work. There are two types of confidentiality agreements: mutual and unilateral. In a mutual confidentiality agreement, both parties receive information and agree no to disclose it. This would typically occur in the case of a collaborative […]

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New Zealand tax system ranked second best internationally

Posted on Oct 15, 2014 by editor

A survey ranking the competitiveness of tax systems in the developed world has ranked New Zealand’s the second best, coming second to Estonia. The International Tax Competitiveness Index, conducted by US thinktank the Tax Institute, assesses the tax system in 34 countries. New Zealand’s high ranking can be attributed to our relatively low tax rates, streamlined tax system and reliance upon the value-based GST. Additionally, New Zealand does not have a capital gains tax, payroll tax or inheritance tax. A competitive tax system has numerous advantages including transnational companies increasingly relocating business to New Zealand, reducing the number of jobs […]

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Australia’s superannuation system ranked world’s second best

Posted on Oct 13, 2014 by editor

The Mercer Global Pension Index, a comprehensive annual report that rates the quality of international retirement schemes, has placed Australia’s superannuation system as the world’s second best. Denmark was ranked number one, with the Netherlands, Finland and Switzerland rounding out the top five. Australia, Canada, Chile and Singapore were the only non-European states to make the top ten. Representatives from groups representing the interests of Australian retirees have expressed surprise at the finding, pointing out that the full pension rate currently sits close to the poverty line. Australia’s position improved thanks to the recent superannuation guarantee increase from 9.25%-9.5%. Industry […]

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ATO amnesty offer reveals over 1000 offshore tax evaders

Posted on Oct 13, 2014 by editor

As part of their project DO IT, the ATO have successfully uncovered over $550 worth of assets that Australians hold offshore. The tax office is offering a period of amnesty that allows them to come forward and reveal offshore assets without the risk of heavy penalties. The ATO will only assess four years of income for those who come forward and this will be subject to a maximum shortfall penalty of 10%. The ATO is also guaranteeing that there will be no prosecutions. However, for taxpayers who do not reveal their offshore holdings before the mid-December deadline there may be […]

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The tricky business of cold calling

Posted on Oct 13, 2014 by editor

Nobody likes cold calls. Nobody likes receiving them, and nobody likes making them. If this is the case, then why on earth do businesses continue to make them? The strange truth is that cold calls work. Despite everyone’s moaning and groaning, if the right sales call reaches the right person at the right time – they will probably take it. Cold calling can be especially valuable if your business needs to drum interest in a new product or service. Here are some tips for making effective cold calls: Believe in your business: Don’t make cold sales calls if you don’t […]

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Dispute resolution

Posted on Oct 13, 2014 by editor

Dispute resolution If you are a business owner or manager, disputes are more than likely a regular occurrence. Customers, employees, suppliers and tradespeople are all common examples of parties you might have a dispute with. Dealing with these issues in a professional and sensible manner will help you to achieve the best outcomes for your business. Here are some guidelines for effective business dispute resolution: Don’t let it get personal: As soon as a dispute crosses over into personal territory, it becomes significantly harder to resolve. If the other party is attempting to place a personal spin on things, take […]

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We have been with BDS Hughes Accountants nearly 5 years. Without their knowledge and forthright suggestions we would not been able to experience our high level of success. We are comfortable with the working relationship and ease with which they are able to communicate with us. As we as the normal accountancy service, Garry advised us on Xero accounting and taught us to uses the program in plain simple English. We can say only that we have had nothing but exceptional service and the advise we have received has been correct and perfect for our business, which is why i would not hesitate to recommend their services.
Wendy EvansDirectorThe Roof & Brick Shoppe

Latest news

Everything you need to know about payday filing

Posted on September 24, 2018 by BDS Hughes

From 1 April 2019 employers must comply with the new payday filing scheme. The due date for employer deductions filing and payment remains the same as the 20th of the month. Employers must: File employment information every payday instead of an Employer monthly schedule Provide new and departing employees’ address information, and their date of birth- if they have provided it to you File electronically (from payday compatible software or through myIR) if your annual PAYE/ESCT is $50 000 or more. How to payday file Employers must Include employment information (and correct a file), employee details and employer deductions. It […]

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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