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Chartered Accountants

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

Managing risks associated with investing

Posted on Feb 23, 2018 by admin

Whenever or however you choose to invest, there will always be risk involved. Luckily, there are strategies you can adopt to manage this risk in the best way possible for you and your investment goals. Unfortunately, volatility in financial markets can cause an investor to lose their confidence. The Australian Government has provided Australians with a number of tips on how to minimise the risks involved in investing, to ensure they remain confident and their investments stay strong. Consider the following: Set goals Goal setting is particularly important in a volatile market. Without a plan in place, when the market […]

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Business growth through leadership

Posted on Feb 23, 2018 by admin

A major cause of stagnant business growth is a lack of focus on strong leadership. For continued business growth, emphasis on leadership is needed. There are many ways to use leadership to drive business growth. Consider the following: Business culture The culture of the workplace is paramount when it comes to business growth. Business culture is driven by the type of leadership provided by managers and the employer. To nurture a positive business culture, you should: Make clear to all employees the business values and philosophy Have a strong anti-bullying policy Create an open workplace where communication and interaction is […]

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Considerations before accepting a job offer

Posted on Feb 23, 2018 by admin

Accepting a new job offer can be exhilarating; you’ve put yourself out there, gone for an interview, waited to hear back and you finally get the good news. While it is all very exciting, before accepting any new job, you need to ask yourself a few questions about the new workplace and most importantly your new employer or manager. Jumping ship without knowing what you’re getting yourself into can land you in an uncomfortable situation. Consider the following before making the big leap: Personality The ability to be yourself is important whether you realise it or not. Does the workplace […]

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Managing your wellbeing and your business

Posted on Feb 16, 2018 by admin

Being an entrepreneur and owning your own business is very time consuming; if you aren’t mindful, it can impact negatively on your wellbeing. Morning routine Having a morning routine is important. Structure to begin the day, before you start work brings familiarity and sets the tone for each day; it gets you in the zone. Everyone will have their own individual routine that works for them, but some good things to consider including in yours consist of: Morning meditation Going for a walk or exercising Reading something academic for 10 minutes Having breakfast with your significant other Checking emails before […]

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The secrets of giving feedback

Posted on Feb 16, 2018 by admin

Providing feedback is a necessary part of any business. Providing effective feedback can make a significant difference to your employees, their job satisfaction and retention rates. Consider the following secrets to giving effective feedback when it comes to your business and your employees: Time appropriate When providing feedback, it needs to be timely. It is counterintuitive to give feedback to an individual a week later or even a few days later. It’s best to do it as soon as possible. In saying this, there is a time and place for specific kinds of feedback. You shouldn’t give feedback directed solely […]

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Making the most of share market volatility

Posted on Feb 16, 2018 by admin

When share markets drop, it is not uncommon for investors to feel threatened and anxious about their investments. Luckily, there are strategies you can adopt when share markets fluctuate, in order to use the volatility to your advantage. Consider the following: Patience One of the greatest tools you can have when it comes to investing, in any market, is patience. Many investors react when there’s market volatility and start shifting their money and pulling their investments, ultimately resulting in them losing their money. You need to be patient and understand that the nature of share markets is for them to […]

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Tips for maximising business cash flow

Posted on Feb 6, 2018 by admin

The ability to manage cash flow is a critical tool for business owners. Incorporate the following cash flow tricks to keep the money coming in and the business running smoothly. Make payment easy One of the easiest ways to make sure cash flow remains consistent is to make methods of payment easy. When a business or customer attempts to pay you, the process should be straightforward and effortless. If it isn’t, people you do business with will remember it as a nuisance and are more inclined to put it off. If you need certain paperwork filled out to be paid, […]

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Tips for entrepreneurial success

Posted on Feb 6, 2018 by admin

While all businesses differ, there are strategies entrepreneurs can use across the board to improve the likelihood of long-lasting success. Consider the following tips: Diversity Hiring a diverse team is a great strategy for achieving success. To be able to reach the greatest audience in a truly authentic way, you have to be able to think and feel the way your customers would. There is no better way to do this than to hire, engage with and learn from diverse individuals. Take advantage of the broad experiences and talents of those applying for jobs, and think about how individuality can […]

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How to avoid failing

Posted on Feb 6, 2018 by admin

In any business environment, there are constant challenges that can see you fail or can be tools for success. Channelling these challenges and turning them into strengths is necessary. Consider the following failures business owners commonly make and reflect on how these apply to your business: Multitasking For a lengthy period, the ability to multitask has been seen as a sort after skill. With the growth of technology and its emergence into every aspect of our lives, research is now suggesting that the ability to single task is becoming more and more important. The ability to focus in on one […]

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Qualities of an awesome leader

Posted on Feb 2, 2018 by admin

While there are infinite qualities that make good leaders, there are a select handful of qualities that set specific leaders apart from others and make them great. Consider the following qualities: Resourcefulness Being resourceful is one of the single greatest assets you can possess as a leader. The ability to look at what you have and make it work for a number of different business situations is a strength. Great leaders don’t necessarily have all the answers, but they know how and when to seek the advice of others; making them more powerful than an individual who tries to solve […]

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I have used the Accountancy Services of BDS Hughes since they opened their practice in Orewa. I am more than pleased with the way they have looked after our financial and tax business interests and especially appreciate the fact that I can ring Garry anytime and get his expert advice whenever I need it. I thoroughly recommend BDS Hughes to all other businesses for people who require a friendly no hassle accountancy team.
Robyn PedersenAccountsBusy Bobcats

Latest news

Introduction of Best Start

Posted on July 5, 2018 by BDS Hughes

From 1 July 2018, eligible parents who have a baby born on or after 1 July 2018 will receive a Best Start payment of $60 per child. Eligible individuals will receive $60 a week until the baby turns one regardless of household income. For those with a household income of less than $79,000, you will receive $60 a week until the child turns three. The eligibility requirements are as follows: – You must be the principal caregiver of the child – You must be a New Zealand resident or citizen and have been in New Zealand for a continuous period […]

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