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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Garry Hughes has been the Orewa North accountant for the past 17 years. The key to this long association has been the efficient manner in which Garry has performed his preparation of our accounts. It has been a pleasure to deal with someone whose working relationship has been friendly and exceptionally flexible when fitting in with the school needs and the ever changing Ministry of Education regulations and reporting requirements. It is good to know that sound financial advice and guidance is only a phone call away.
Bruce LawsPrincipalOrewa North Primary School

Latest news

Claiming expenses on work-related trips

Posted on December 21, 2017 by BDS Hughes

When travelling for business or paying for employee travel there are many daily expenses that can be claimed. Generally, you can claim for flights, taxis (or mileage if you use your own car), accommodation, meals and snacks when you are away from home on business travel. For work-related meetings, conferences or training courses that require an overnight stay, employers can claim the cost of accommodation. If an employee is working away from home for an extended period, you can claim for accommodation or any accommodation allowance paid providing it is for a period of no more than two years (or […]

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21 Tamariki Ave, Orewa, Auckland

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E: GARRY@BDSHUGHES.CO.NZ