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Chartered Accountants

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

Working from home productivity tips

Posted on Dec 7, 2018 by admin

Flexible working arrangements pose challenges to productivity due to the mix of personal and professional in your work environment. Follow these productivity hacks to make sure you reap all the benefits of working from home, without the quality of your work suffering. Create a separate spaceIt might sound simple, but a designated workspace in your home can make all the difference in eliminating distractions. At the very least, set up a corner equipped with a desk and office supplies, so when you sit down you have a focused mindset. Follow a schedulePart of the appeal in working from home is […]

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How small business can compete with major corporations

Posted on Dec 7, 2018 by admin

Small businesses should not feel intimidated by their corporate competitors as they have many unique advantages that can help them gain a sizeable market share. Small business owners should focus on specific areas, so they can go head-to-head with large companies with more resources. Customer serviceSmall businesses have the opportunity to build a stronger relationship with their customers through the delivery of friendly and personal customer service. Businesses that provide superior customer service to their corporate competitors will build a loyal customer base and grow their business through word of mouth. Tap into niche marketsSmall business owners are directly involved […]

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Keys to success for new hires

Posted on Nov 29, 2018 by admin

Helping your new hires succeed is within your business’ interest to maintain productivity and reduce the costly and time-consuming processes of recruitment. Here are some tips to make sure your new hires excel in your office. Provide adequate trainingA new hire may have all the talent in the world, but without the relevant training, they will not be a valuable addition to your workplace. Your onboarding and chain of command are vital in this process. Set clear expectations and give high-quality training to your new hire, so they are empowered to achieve excellence. MentorshipA good mentor can make all the […]

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Mental health tips for small business owners

Posted on Nov 29, 2018 by admin

Small business owners are constantly under stress and pressure, which is why it is important they look after their mental health. The following tips will help you manage your mental health as a small business owner. Have a reliable support networkFriends and family are vital to anyone’s functioning; however the unique challenges small business owners face means they may benefit from connecting with like-minded thinkers. Consider joining a small business owners groups on Facebook or LinkedIn. These networks are helpful as the members can relate to your problems on a deeper level. Both business groups and your nearest and dearest […]

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Productivity tips for entrepreneurs

Posted on Nov 26, 2018 by admin

Entrepreneurs may feel like the day is too short for the number of tasks they have to accomplish. Changing small habits in your day can help you manage your workload better. Follow these productivity tips for daily benefits. Stop multitaskingJuggling multiple projects and deadlines is part of the deal for entrepreneurs, but that doesn’t mean you should work on different things at the same time. Plan your day, so you focus one on task at a time. By giving your undivided attention to something, you are more likely to get the job done with greater efficiency. Set micro-deadlinesBig picture thinking […]

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Benefits and problems of niche marketing

Posted on Nov 26, 2018 by admin

Business owners thinking about specialising their products and services to target a niche market should know the benefits and risks of this business strategy. Niche marketing is the business strategy of targeting a specific subset of a market. Here are some benefits and problems of niche marketing that will help you build a business strategy right for you. BenefitsNiche marketing can provide the following benefits: Less competition as the base of interested customers is narrowed Increase brand loyalty as you are providing goods or services difficult to find and customers are more likely to return to invest Gain a higher […]

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Avoid corporate jargon in business

Posted on Nov 20, 2018 by admin

Corporate jargon may seem like language that will make you appear more professional, but in reality, it may harm your business interactions. Common corporate cliches are detrimental as they make you less relatable, engaging and clear. Terms to avoidCommon corporate terms include: Taking it to the next level Think outside the box Lean thinking Game changer Get on the same page Give 110 per cent Why you should avoid themWhether you are presenting to clients, investors, colleagues or engaging with customers, these corporate terms will detract from what you are trying to say for the following reasons: Cliches make you […]

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Fostering healthy workplace competition

Posted on Nov 20, 2018 by admin

Bringing out your staff’s competitive side can lift the performance of the entire business and boost productivity. However, competition can turn any workplace toxic so it is essential to get the balance right. These strategies will ensure competition in your office contributes to a healthy and positive workplace environment. Reward instead of punishingTarget the top rather than the bottom in workplace competitions to facilitate a positive change in the office. Although you might want to track low performing employees, singling out or punishing may contribute to workplace bullying and detract from team work. Rewarding high performing staff is a great […]

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Leadership mistakes to avoid

Posted on Nov 8, 2018 by admin

Leadership mistakes contribute to falling standards around the office due to a lack of motivation or inefficient management. Here are some leadership mistakes to avoid in the workplace. Being hypocriticalLeaders that do not meet the expectations they set will lose the loyalty and respect of their employees. If you require your staff to come in ten minutes early every day or are strict on their lunch break, follow your own rules. Setting a consistent standard will make employees feel they are being treated fairly. Shifting blameEmployers that do not take accountability for their own mistakes and shift blame onto their […]

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Keys to innovation

Posted on Nov 8, 2018 by admin

Prioritise innovation in your business to boost your business growth, productivity and profitability. Here are some tips to make sure your workplace is innovative. Accept failureFailure is an integral part of the innovation process. New ideas must be tested, and disappointing results can be used to make improvements. Encourage your employees to pursue leads and clarify that failure is ok so long as it is productive in developing their thinking. Foster talentRecruiting team members with high potential and fostering their talent through training and internships will pay you back in the long run. A fresh perspective from the best and […]

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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

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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