logochartered-accountants-Aucklandchartered-accountants-Auckland

Chartered Accountants

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

A guide to performance reviews

Posted on Dec 21, 2016 by editor

When carried out effectively, formalised performance reviews can be beneficial for both you and your employees. It is an opportunity for you to demonstrate how much you appreciate your employees’ contributions and undertake collaborative reflection on potential business improvements. However, there are a lot of potential pitfalls that can undermine the effectiveness of performance reviews, sometimes even resulting in negative outcomes. If the review is unfocused it will fail to bring about any tangible results, which can lead to anxiety, confusion and occasionally even job dissatisfaction. Additionally, unproductive performance reviews can be a waste of valuable resources. Here are some […]

Keep Reading...

Sales strategies for 2017

Posted on Dec 21, 2016 by editor

The New Year is a good time to reflect on the past year and focus on goals for performing better in the year ahead. In particular, it is a great opportunity to reflect on your business’ marketing plan and set forward new strategies to hit the ground running. Increasing sales and revenue is usually a top priority for small business owners. Here are three strategies to help improve sales in 2017: Incorporate customer feedback Sharing positive feedback from customers is a great way to demonstrate credibility and gain the trust of prospective customers. Asking customers for feedback via customer satisfaction […]

Keep Reading...

Faster GST refunds

Posted on Dec 21, 2016 by editor

From February 2017, New Zealand businesses will have faster access to GST refunds after a change made to tax rules. The Minister of Revenue Michael Woodhouse has announced GST refunds will be available to the taxpayer in just two days by direct credit. The Tax Administration (Direct Credit of GST Refunds) Order 2016 will make it compulsory for Inland Revenue to provide GST refunds by direct credit to a taxpayer’s identified account. The current process uses a cheque from Inland Revenue which takes an average of 10 days to become available. The change comes as a result of extensive public […]

Keep Reading...

Optimising your LinkedIn

Posted on Dec 15, 2016 by editor

Having an optimised LinkedIn profile is key to gaining maximum online visibility and revenue through the professional social network. With more than 400 million users worldwide, LinkedIn is arguably the most valuable social media platform for business recruiting, networking and business-to-business (B2B) marketing. The online site can also be used as an educational resource since users can learn from interacting with other professionals through group discussions, conversations and networking. Like all social media sites, LinkedIn is a crowded platform, so putting in a little extra effort to stand out can go a long way. Here are some tips for business […]

Keep Reading...

Improving your accounts receivable

Posted on Dec 15, 2016 by editor

Freeing up working capital can help businesses fund growth, reduce debt levels and lower costs. One way to improve working capital is by managing your accounts receivable. Many businesses fall into the trap of poor accounts receivable management – from extending credit to customers to ignoring payment terms to guarantee a new sale, these types of behaviour can quickly bring your cash flow to a halt. Here are a few ways to improve your accounts receivable process: Create a clear customer credit approval policy Assign credit limits, payment terms, discounts and return policies to specific customers. Introduce a system to […]

Keep Reading...

Benefits of a flexible working space

Posted on Dec 15, 2016 by editor

Although flexible work spaces are not suitable for everyone or every business, there are significant benefits to offering flexible working arrangements. Businesses can deliver better results from allowing employees to work from where they need – whether it be home, a cafe or even on their daily commute. Flexible working can increase employee productivity as it gives employees the option to determine their best working arrangement to meet their personal needs. This can lead to higher levels of engagement, commitment to the business and more motivation to achieve results. Offering flexible working arrangements can also help when looking to recruit […]

Keep Reading...

The benefits of coworking spaces

Posted on Dec 6, 2016 by editor

If your small business is struggling to find a property for your office that is both within your price range and in a suitable location, it may be a good idea to consider the benefits of relocating to a coworking space. A coworking space is basically a shared office space where multiple businesses can work under the same roof. Not only can it be a cheaper alternative to working in a traditional one business only office, it can also help expand an entrepreneur’s professional network and help create new business opportunities. Coworking spaces have also been proven to increase productivity […]

Keep Reading...

What’s in a name?

Posted on Dec 6, 2016 by editor

The name of your business can have a quite an impact when it comes to marketing your brand, how you are perceived by customers and whether or not you stand out from the competition. Strong business names send a clear message to the public to help customers identify with the business. They also make a business stand out from the competition. When choosing a new business name or tweaking an old one, business owners should try and choose a short and punchy name that is easy to remember. Consider the success of brands like Nike, Apple and Twitter – companies […]

Keep Reading...

Contributing to KiwiSaver

Posted on Dec 6, 2016 by editor

Making contributions to KiwiSaver is quite easy, especially for those who are employed. When you are employed, your employer deducts contributions directly from your pay and sends them to Inland Revenue. Employees can choose to contribute either 3 per cent, 4 per cent or 8 per cent of their before-tax pay.  For those who don’t choose an amount, the default rate of 3 per cent will apply. KiwiSaver contributions are deducted from a person’s salary or wages. This includes allowances; bonuses; commission; extra salary; overtime; gratuities and any other remuneration of any kind before tax. Those who are unemployed can […]

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"]