logochartered-accountants-Aucklandchartered-accountants-Auckland

Chartered Accountants

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

How to network like a professional

Posted on Feb 23, 2016 by editor

Networking is a necessary skill for people to have; especially those in business. Casting a wider, more open network can unlock opportunities you may not have even known existed from your current vantage point. But good networking can take time. A good, strong network also takes a lot of time and energy to build. Here are five tips to help hone in on your networking abilities that you can use to grow your very own network: Be more helpful If you begin networking with the sole intention of meaningfully helping, for example, ten people in a month, who you reach […]

Keep Reading...

How sick do you have to be to access KiwiSaver?

Posted on Feb 23, 2016 by editor

Even though KiwiSaver members can dip into their KiwiSaver account if they suffer from severe illness or financial hardship, the bar is set relatively high for early withdrawal claims. The framework to assess claims of serious illness is quite prescriptive and is included in the rules of the KiwiSaver Scheme. Broadly speaking, if a member wishes to apply to withdraw funds on the grounds of serious illness the supervisor of the fund assessing the claim needs to be reasonably satisfied that the injury, illness, or disability: poses a serious and imminent risk of death or results in the member being […]

Keep Reading...

Boss or leader?

Posted on Feb 23, 2016 by editor

Entrepreneurs like to be in charge. You start your business so you can call the shots – not someone else. But if you want to grow your business, you’re going to have to learn to give responsibility to others. The question is – how do you become a leader, not just a manager, of others? The reality is that it takes time and attention to learn how to be a good boss. We may be good at what we do, but being a boss isn’t a natural skill. While it is hard enough to get used to the idea of […]

Keep Reading...

Tax basics to keep life running smoothly

Posted on Feb 23, 2016 by editor

It is never too early (or too late!) to focus on your tax planning to minimise tax, reduce risk and be prepared financially. Here are five basics everyone needs to get right to keep their tax life running smoothly: Keep your IRD number safe Most people living in New Zealand need an IRD number. If you wish to apply for Working for Families Tax Credits, all family members (including children) need their own IRD number. It is important that individuals keep their IRD number safe to avoid having it stolen and used by others to obtain money that isn’t theirs. […]

Keep Reading...

What are profit drivers?

Posted on Feb 17, 2016 by editor

Profit drivers are determinants that have a significant impact on a business’s bottom line. They are often categorised as financial and non-financial drivers. Financial profit drivers are directly connected with dollar figures and are most commonly considered in relation to profit. Examples of financial profit drivers include: price fixed and variable costs sales volume inventory cost of debt Non-financial profit drivers also impact a business’s bottom line, even though they’re not expressed in dollar terms. Client satisfaction and bad weather are two examples of non-financial profit drivers that can have an impact on sales and an increase or decrease profit. […]

Keep Reading...

Managing a multigenerational workforce

Posted on Feb 17, 2016 by editor

It is not uncommon these days for a large age gap to exist between employees. Many of today’s businesses have an employee age range which spans across the baby boomers, Generation X and even Generation Y generations. Since each generation brings their own set of values and expertise to the workforce, it can be difficult for managers and employers to manage the range of personalities and opinions of these employees. Employee dissatisfaction can often arise, especially in situations where a baby boomer employee may feel disgruntled if their superior is a decade or two younger than them, and it is […]

Keep Reading...

Being smarter, not just smaller

Posted on Feb 17, 2016 by editor

Over the last couple of decades, few things have changed the landscape for small businesses as much as the advent of huge megastores. Small businesses now need to get consumers to understand the importance and benefit of buying local; to recognise the ripple effect on the entire community that local purchases and local businesses have on the economy and what happens when those close. Small, local businesses also need to get smarter. It is not just enough to complain about supersized stores, you have to beat them. While it’s difficult to survive in today’s retail environment, it’s not hopeless, and […]

Keep Reading...

Being ready for dispute resolution

Posted on Feb 9, 2016 by editor

A significant conflict with a customer, employee, supplier, or partner is always disrupting, and the more we allow disagreements to escalate, the more damaging they become. Try these strategies for dealing with disputes: Don’t make it personal One of the most common mistakes in dispute resolution is to allow the dispute to become a personal attack on the other party. As soon as this happens discussions invariably break down, and in many cases the initial issue takes second place to a battle of ego’s and swapping of insults. Listen Often a dispute can be brought to an end by simply […]

Keep Reading...

Using social media as a tool to enhance the business

Posted on Feb 9, 2016 by editor

With everyone jumping on the social media bandwagon, there is no surprise that businesses are using the continually evolving digital platform as a valuable marketing tool. For those who are yet to be swept up in the hype of our radically changing cyber space, the question is not whether they will join the masses, but when. With around 1.59 billion Facebook users alone and hundreds of social media sites worldwide, it is impossible to deny its prevalence, and increasing dominance and influence in society. Because of the internet’s immediacy and anonymity, businesses are able to gain a virtually accurate reading […]

Keep Reading...

Tips to achieving business loans

Posted on Feb 2, 2016 by editor

Applying for a bank loan can be a difficult process. But despite the borrowing challenges facing small business owners, it is possible to have your loan approved. Bankers are not in the risk business, protecting their capital is paramount. Their careful examination of the integrity of a business has made it a priority for businesses to maintain a good relationship with their bank in order to preserve their future access to funds. Develop a strong business plan This is one of the first vital steps to ensure that the bank will identify you business as a low risk and gain […]

Keep Reading...

Chris and I would love to write this letter of reference. As business owners for 34 years we know how crucial it is to have the right professional people supporting you.Garry and Helen and their team at BDS Hughes have provided us with their accounting expertise for approximately 25 of those 34 years. Garry’s Business Development Services has taken us from small town business owners and grown us into a company capable of going nationwide and internationally with our products and services. His business acumen and professionalism has provided us with all aspects of accountancy services and financial support and advice. With his team he has given us very sound and timely training, keeping us on track through the highs and lows each year brings. As an ongoing family-based business, we have had the challenge of staying focused and looking to the future for all involved, our business team and family. Business planning and mentoring has allowed us to keep up-to-date and moving forward as well as introducing a succession plan. Garry and Helen share similar family values and know the challenges of fitting work and family time into busy and demanding schedules. We highly value the professional relationship we have built with them over these past years and know we have a lasting friendship as well.
Chris & Shirley HawkingsCEO and COLMad Supporters of Waikato Rugby

Latest news

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 […]

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