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Chartered Accountants

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

Cutting down your marketing costs

Posted on Mar 28, 2018 by admin

When business is struggling, one of the first places business owners look to cut costs is in their marketing efforts. Although many do not view marketing as an essential element, it can create immense value for a business. Fortunately, there are still ways to market your business on a tight budget, forging the need to get rid of your marketing completely. Consider the following tips for lowering your marketing costs: Public relations Public relations, or PR, is an effective way of getting your business out in the community but at a low cost. Some effective PR tactics include writing articles […]

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Understanding workplace confidentiality

Posted on Mar 28, 2018 by admin

Whether you work in an environment that deals with sensitive information or not, workplace confidentiality is important in protecting your business’ competitive advantage. Confidential information is generally information that is not available to the general public and is valuable to your business. Examples include client lists, price lists, market research findings, marketing plans, trade secrets, terms of business, etc. Information that is not considered confidential includes knowledge acquired as a routine part of an employee’s duties, information that is public and widely accessible and ‘whistle blowing.’ To protect confidential information, you must include well-drafted, specific and reasonable restraints in your […]

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Recovering from a blunder

Posted on Mar 28, 2018 by admin

Mistakes happen all the time, and although they can be embarrassing, you can recover from them. Whether the mistake was minor or costly, handling the error with professionalism can save your dignity and credibility. Next time you forget to hit send on that important email, rest assured you can recover quickly by adopting the following tips: Gain some perspective It is only natural to feel ashamed or distressed when you make a mistake at work but looking at the mistake in a broader context can help you let go of these negative emotions. Most mistakes, unless they are life-threatening, can […]

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Tricks to save more money

Posted on Mar 23, 2018 by admin

Most people, at some stage or another, will need to save money. Whether it is for a large purchase such as a house deposit or money for a rainy day, similar savings principles apply. Consider the following tips to boost your savings account: Automate your savings One of the easiest ways to get into a saving habit is to automate your savings when you get paid. Create an account that is separate from your everyday expenses such as bills and groceries and allocate a set amount to be transferred each payday to this savings account. Having the money in a […]

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Leading with authenticity

Posted on Mar 23, 2018 by admin

Leaders need a variety of traits to succeed in business. One of the most overlooked traits is authenticity. Authentic leaders stick to their morals and stay true to themselves. They inspire others with their passionate vision and a team-oriented approach. Here are three ways to lead with authenticity: Be in it for the right reasons Authentic leaders are passionate about the work they do and this is demonstrated in their overall approach. They seek to help others – whether it be another staff member, a new customer or community member. Having the right motive behind the work you do ensures […]

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Ways to improve your business

Posted on Mar 23, 2018 by admin

Business owners should always be on the lookout for ways to improve their business. It can be easy to fall into a trap of complacency, especially when business is doing well but having strategies in place can ensure your business continues to remain successful. Consider the following tips to improve your business: Stay current Keeping up with trends in your industry, technological advancements, product developments and so on is critical if you want to stay ahead of your competitors. Staying relevant also helps to ensure you are providing the most up-to-date advice, products and services for your customers and are […]

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Tips to being a successful entrepreneur

Posted on Mar 16, 2018 by admin

Being a successful entrepreneur is hard work, in Australia only 40 per cent of small businesses are still operating three years after starting according to the Australian Bureau of Statistics. If you want to make it as an entrepreneur and want to be successful as a small business owner, you can work on developing particular strengths. Consider the following tips: View money the right way Those who are slaves to money will never truly feel they have ‘made it’ financially. The way in which you view money greatly impacts upon your success and satisfaction. How many times have you heard […]

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Defining business values

Posted on Mar 16, 2018 by admin

Business values, much like personal values, influence behaviour and provide a set of rules or guidelines to follow. However, in a business context, values are often set and ignored. To avoid this, business leaders need to create values that can lead to action and align with the business’ overall mission. Consider the following when defining your business’ values: Assess business strengths Look at the ways in which your business thrives – do you have ambitious staff or loyal customers that drive your success? Understanding your business’ strengths allows you to identify the underlying values which drive current behaviour and action. […]

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The in’s and out’s of asset allocation

Posted on Mar 16, 2018 by admin

Deciding where to allocate your assets can be confusing and even daunting, particularly if you aren’t confident in your knowledge of the current financial sphere. Consider the following in’s and out’s of asset allocation to make the process much easier: Set goals Goal-setting is extremely important, particularly when it comes to your money. When deciding where to allocate assets, you should set both short-term and long-term goals. If you are planning to save for a vacation or a new car, this would be a short-term goal, a mortgage would be a medium-term goal and your nest egg would be a […]

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Starting a business with minimal funds

Posted on Mar 9, 2018 by admin

Starting a business with little to no personal capital will be challenging, but it is not impossible. Luckily, if you think creatively, there are a number of ways you can start your business without having to spend big. Below are some strategies you can try: Crowd-funding One way to get some money behind you is to crowd-fund. Crowd-funding involves putting your business idea out there on a platform such as Kickstarter and, if they like it, people will donate money to help fund your venture. This is a great strategy because people can offer advice and critique your business model, […]

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We have been with BDS Hughes Accountants nearly 5 years. Without their knowledge and forthright suggestions we would not been able to experience our high level of success. We are comfortable with the working relationship and ease with which they are able to communicate with us. As we as the normal accountancy service, Garry advised us on Xero accounting and taught us to uses the program in plain simple English. We can say only that we have had nothing but exceptional service and the advise we have received has been correct and perfect for our business, which is why i would not hesitate to recommend their services.
Wendy EvansDirectorThe Roof & Brick Shoppe

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 […]

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21 Tamariki Ave, Orewa, Auckland

P: 09 426 2999 | F: 09 426 0812 | M: 021 790765
E: GARRY@BDSHUGHES.CO.NZ