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Chartered Accountants

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

Reducing your winter bills

Posted on Jun 15, 2018 by admin

When the winter season commences, you might notice a spike in your bills. Although, it is no surprise that additional heating and hot water adds up, you may be surprised at how you can reduce these costs with minimal effort. Consider the following tips to reduce your winter bills and lessen your environmental impact: Heating and electricity Instead of turning up the dial on your heating, look to other ways of heating up without using gas or electricity. Simple changes such as dressing warmly, closing the doors of the rooms you are not using and using a door snake can […]

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Preventing burnout in your workplace

Posted on Jun 15, 2018 by admin

Burnout can be detrimental to your employees’ wellbeing and the overall productivity and performance of your team. Despite the consequences associated with burnout, many workplaces do not have effective strategies in place to prevent burnout from occuring. The key for many employers is to keep employees engaged, satisfied and harmonious. Here are three factors that can influence employee burnout: Work/life balance Expecting staff to be available at all hours of the day is unreasonable for most jobs. If staff are expected to check their emails after work hours or on weekends and paid leave, you may want to consider the […]

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Why failing can be good for your career

Posted on Jun 15, 2018 by admin

Failure is often considered a sign of weakness or defeat. However, it is also known to be a natural stage in an entrepreneur’s career and a stepping-stone to success in the world of business. Embracing the failures that arise in your career will help you to pinpoint ideas, strategies, etc, that were not working and learn from these past errors. It is often through analysing what did not work in the past that allows us to evolve and find the right strategy for success in the future. Facing these challenges also builds life experience and diminishes the fear of failure. […]

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Self-care for busy entrepreneurs

Posted on Jun 7, 2018 by admin

For a hustling entrepreneur, finding moments for self-care can be a feat that seems impossible. Every day you have meetings to attend, emails to answer, and too often ‘you’ becomes your least important task. However, looking after your wellbeing is essential to avoid overworking yourself and crashing on the job. Committing to a healthy and balanced lifestyle ensures your productivity and creativity levels are at peak performance every day you enter the office. Consider incorporating these self-care habits into your weekly routine. Spend time with your family Give yourself a break from the office every Saturday and Sunday afternoon by […]

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Social media marketing trends

Posted on Jun 7, 2018 by admin

Social media platforms continually introduce new features and functions that change the way digital marketers create and distribute content. Maintaining awareness of popular social media trends helps to stay competitive and utilise trends to your business’ advantage. Here are three social media trends to watch out for: Influencer marketing Influencers are taking over the social media landscape, particularly on Instagram. Influencers are generally bloggers or celebrities that have the power to influence their target audiences. The benefit of using influencers is that they can deliver a message to a large amount of people. This can help to increase awareness and […]

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Budget 2018: Ensuring fairness across the tax system

Posted on Jun 7, 2018 by admin

This year’s Budget focused on the Government’s commitment to creating a fairer tax system for all New Zealanders. New initiatives aimed at cracking down on tax dodgers are expected to generate an extra $726.3 million in revenue. The additional revenue is set to assist the Government in addressing significant under-resourcing of critical public services. Inland Revenue will receive $31.3 million of operating spending over the next four years, and $23.5 million to ensure outstanding company tax returns are filed. This is expected to recover approximately $183.3 million. Initiatives designed to reduce distortion in the tax system are also set to […]

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Financial checklist before you die

Posted on May 30, 2018 by admin

While preparing for a time when you are gone can be morbid, sorting out your financial matters now will help to protect your loved ones later on. Take a look at these considerations. Do you have an up-to-date Will? Make sure you have a valid and current Will in place. A Will clarifies how you wish your estate to be distributed and should be updated to reflect your current circumstances. Are your documents in a safe and secure place? Gather your important financial documents and store them in a secure file. Make sure the executor handling your estate will access […]

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How to turn around a bad work day

Posted on May 30, 2018 by admin

Bad days can happen to the best of us, but before you throw in the towel and call it a day, consider how your mindset may be influencing your attitude. Here are three ways to shake off a lousy day in the office: Refrain from gossiping You have control over your own reactions, so instead of venting to your colleagues or gossiping away, stand back and let your emotions pass. Strong emotions such as anger can see you act out instead of thinking a problem through. Try to observe the problem through an objective lens before discussing it with colleagues […]

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Expenses that could shut down your start-up

Posted on May 30, 2018 by admin

Launching a new business is a challenge that requires a lot of capital and careful planning. However, many entrepreneurs fail to plan sufficiently for all their future expenses, resulting in filing for bankruptcy within two to five years of operation. Consider these expenses when planning your new business venture and budgeting for your cash flow. Interest fees You may want to take out a loan with the bank to generate cash flow for your new business. However, it is essential to plan for the additional expense of interest fees and read the terms and conditions of any loan before signing […]

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Turn small talk into artful conversation

Posted on May 25, 2018 by admin

Though small talk may seem like pointless chit-chat, when done well it can have real value and purpose in moving your business forward. Successful entrepreneurs network and know the value of small talk. Small talk is a tool you can use to initiate conversation, create a positive impression and build a connection with a prospective business partner or client. To master the art of small talk, consider these handy tips. Find common ground Introduce a relevant topic or event recently featured in the news. Avoid controversial topics like politics and religion. Ask them questions about themselves Always use open-ended questions. […]

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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

Budget 2018: Ensuring fairness across the tax system

Posted on June 7, 2018 by BDS Hughes

This year’s Budget focused on the Government’s commitment to creating a fairer tax system for all New Zealanders. New initiatives aimed at cracking down on tax dodgers are expected to generate an extra $726.3 million in revenue. The additional revenue is set to assist the Government in addressing significant under-resourcing of critical public services. Inland Revenue will receive $31.3 million of operating spending over the next four years, and $23.5 million to ensure outstanding company tax returns are filed. This is expected to recover approximately $183.3 million. Initiatives designed to reduce distortion in the tax system are also set to […]

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E: GARRY@BDSHUGHES.CO.NZ