Chartered Accountants

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

Managing employee complaints

Posted on Feb 18, 2015 by editor

One of the toughest parts of running a small business is dealing with employees who are in some way dissatisfied or upset. While a lot of the complaints that you hear will be legitimate, or at least understandable, others may seem unfair on the employee’s part. It is important for a manager to be able to communicate effectively with their employees. Effective communication means being able to discern the employee’s meaning as well as clearly articulating your own response. Here are three tips for dealing with employee complaints: 1. Listen: Always hear the employee out, making sure that they understand […]

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Don’t delay new business ideas

Posted on Feb 16, 2015 by editor

Many business owners have exciting ideas about where the future might take their company. These ideas may be concerning new products, internal improvements or new market segments. It is, however, an unfortunate fact that the execution of these exciting plans often gets delayed. In the process, the growth of your firm is slowed. One of the most common reasons that there is so often a delay in the execution of new ideas is limited time. Time is one of the most precious resources that a business owner has, and like all precious resources it is valuable because it is limited. […]

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Using KiwiSaver to buy into your partner’s home

Posted on Feb 9, 2015 by editor

The ability to withdraw your KiwiSaver to contribute towards your first home is one of the most appealing features of the retirement savings scheme. However, not everybody follows the same trajectory when it comes to buying their first home. As such, it may seem that KiwiSaver unfairly discriminates against people who are aiming to purchase (or invest) in a home in a less common way. However, withdrawals for first homes are assessed on a case by case basis, meaning that if your application meets basic guidelines you may have a good chance of approval. If you have been a member […]

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Understanding your business’s trajectory on social media

Posted on Feb 5, 2015 by editor

We all hear about how important it is for businesses to be on social media. The notion that if you’re not marketing yourself on social media platforms you’re not really in the competition is commonplace, and advisors will throw all sorts of statistics out to prove this point. However, many small business owners find themselves attempting to kick-start a social media presence, only to discover that it’s hard than it looks. Detailed below are the three basic stages of social media marketing that every business should be aiming for. Understanding these stages can make starting your social media accounts a […]

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Improving your company culture

Posted on Feb 4, 2015 by editor

Many people dismiss the concept of company culture as being too ambiguous for the serious world of business, preferring to focus on specific and quantifiable performance indicators. This can be a costly and short-sighted mistake. Company culture will define the nature of leadership, work ethic, productivity, collaboration and innovation within your business. An underlying issue in your company culture can completely undermine the hard work that you and your employees have been putting into making your business a success. On the other hand, cultivating a positive, supporting and inspiring company can be a game changer that sees you reach new […]

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For many years now Garry Hughes of BDS Hughes Chartered Accountancy and his team have provided us with an exceptional professional service. We have found Garry‘s knowledge in his field of taxation, business planning and financial matters of great value to us, along with providing us additional recommendations for improving our business strategies. We would recommend their friendly and professional services to anyone who is looking for an accountancy service that will improve their business performance.
Jane HandleyDirector Rug Doctor

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Heavy fines for lack of employment records

Posted on December 7, 2018 by BDS Hughes

Employers must keep complete and accurate records of their employees to avoid severe fines. Remain compliant with the Employment Relations Act 2000 and the Holidays Act 2003 and follow the checklist given below. As an employer you must: Be able to show you have paid your employees all minimum employment entitlements like the minimum wage rate and four weeks’ annual holidays Keep records with the name, age, address, and date employees started working, what their job entails, public holiday payments and tax declarations Keep records for seven years even if they have left Ensure all employees have complete and current […]

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