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Chartered Accountants

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

Understanding credit scores

Posted on Apr 12, 2017 by editor

Credit scores are an impact factor in determining an individual’s credit worthiness. When an individual applies for a loan, such as a mortgage or car loan, a credit provider will use a credit score to help them decide whether to lend the money, the amount to lend and the interest rate. An individual’s credit score is calculated using the individual’s personal details; the type of credit providers used and amount of credit borrowed; any unpaid debts; the number of credit applications made and considers any debt or personal insolvency agreements relating to bankruptcy. A credit score is rated on a […]

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Growing your business through livestreaming

Posted on Apr 12, 2017 by editor

With video marketing here to stay, why not take advantage of live streaming to grow your business. Livestreaming is the ability to broadcast live straight to the internet through social media platforms. It is a tool that has been adopted by savvy tech-heads and it is powerful when reaching out to clients and building your customer base. With over one billion users on Facebook and five hundred million Instagram users, why not take advantage of the ability to boost your business through livestreaming and gain a competitive edge? As a marketing strategy tool, livestreaming is effective; it’s fast, it’s easy […]

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Business tax bill is now law

Posted on Apr 12, 2017 by editor

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 […]

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What investors will look for when funding a startup company

Posted on Apr 4, 2017 by editor

Ultimately, every investor is different. However, when looking to invest in any startup company, there are a number of boxes you will need to check regardless of who decides to invest in you. You need to know the market. How big is the market? How populated is the market? Is your product or idea doing the same as every other product on the market? How does your product stand out in the existing market? What sets it apart? Having a strong business plan is essential. No one will want to back you if you do not have a solid plan […]

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Considerations when starting a new business

Posted on Apr 4, 2017 by editor

Developing a business is not easy work, particularly if it is to be successful. Careful planning is an essential part of the process, but there are some things you just cannot predict or plan for. Including the following considerations in the brainstorming phase of business development can make dealing with potential setbacks easier to manage. Entering into a partnership It is always great having a business partner; to bounce ideas off, to lessen the workload, someone who supports you and understands the struggles of starting a new business because they are in it with you. But entering into a partnership […]

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Crowdfunding business dreams

Posted on Apr 4, 2017 by editor

Crowdfunding can provide a platform for struggling start-ups to raise capital or businesses trying to get ahead with an injection of cash into a new project. Although crowdfunding is still in its relatively early stages; it is rapidly gaining momentum. There has been a boost in crowdfunding due to the increase in the level of professionalism, ease of use and ability to access. Crowdfunding describes the collective effort of individuals who network and pool their resources, usually via the internet, to support efforts initiated by other people or organisations. It allows an interested party to invest in an idea that […]

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Encouraging a culture of growth

Posted on Mar 29, 2017 by editor

Business culture is a key component to a healthy workforce. Successful businesses engage and motivate staff to achieve their own career development goals alongside the overall business outcomes. For businesses to continually excel; business owners must capitalise on opportunities and adopt a growth mindset. One of the best ways to adopt a culture of growth is by engaging with current and new staff members. Here are three ways to encourage a culture of growth within your business: Emphasis values Tying your business’ core values to areas of growth helps to reinforce your overall mission. Emphasising your core values to employees […]

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Creating an office of problem solvers

Posted on Mar 29, 2017 by editor

One major key to success is the ability to problem solve. Knowing how to respond to and resolve issues that arise creates stronger, more effective businesses. Whilst employees ought be highly skilled in their given fields, one trait that is truly invaluable is that of problem solving. As an employer, there are tips you can follow to encourage and develop the problem-solving abilities of your staff: Trust your employees There is nothing more damaging than micromanaging when it comes to building efficient problem solvers. When employees feel trusted and valued, they are more likely to challenge themselves when seeking out […]

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Tips to prevent business fraud

Posted on Mar 23, 2017 by editor

Business fraud is a significant and growing issue for small business owners. Although fraud is not completely unavoidable, there are ways businesses can protect their private and confidential information. Here are five tips to help secure your business information: IT security. Using effective IT measures, as well as ensuring websites are secure and safe for individuals to use. Physical security. Regulating access to the workplace and securing workshops and storage areas. Testing. Regular testing of security systems to identify any weaknesses that require attention. Screening applicant’s past history. Ensure to complete appropriate background checks before hiring a new staff member, […]

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Tips to improve productivity at work

Posted on Mar 23, 2017 by editor

A commonly cited issue among many workers is feeling unproductive during the workday. Between lengthy meetings and frequent disruptions, it can be easy fall behind with work from time-to-time. However, workers have more control over their productivity than they may believe. Productive workers manage their time at work efficiently, prioritise important tasks and are well-disciplined. Here are five ways to increase your productivity: Tackle your hardest task first Prioritising tasks on your to-do list helps to meet deadlines and reduce unnecessary stress. Instead of procrastinating or performing low-priority tasks, get started on the important tasks first thing in the morning. […]

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Latest news

KiwiSaver continues to grow

Posted on October 13, 2017 by BDS Hughes

Since KiwiSaver started ten years ago, KiwiSaver members have built up total assets of more than $40 billion dollars and 2.7 million New Zealanders have joined the scheme, according to the FMA’s annual KiwiSaver report 2017. Based on returns as at 31 March 2017, total assets were up $7 billion from $33.8 billion in 2016. Investment returns of $2.7 billion were more than double those of 2016. For the second year running, the number of transfers (between providers) is higher than new members joining the scheme. The FMA’s findings raise alert for the number of default KiwiSaver providers who are […]

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