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Chartered Accountants

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

How to determine if your business idea is profitable

Posted on Jul 19, 2018 by admin

So you have a great business idea? Possibly so great that you have already imagined quitting your day job and running a thriving business. Consider the following when determining if your business idea is profitable: Costs A budding entrepreneur should first consider establishment and ongoing running costs before pursuing a business idea. Understanding your break-even point is a good starting point. A break-even point is where the total revenue equals the total expenses – there is no profit or loss. Knowing your break-even point is essential as it provides insight as to how much you need to sell and can […]

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Growing your small business

Posted on Jul 19, 2018 by admin

Has your small business hit a slump lately? It may be time to develop a growth-focused strategy that can take your business to the next level. Consider these ideas when designing your plan of attack. Re-evaluate your small business It is important to find out what exactly is hindering your business – get to the heart of the problem. Do you need to tweak your customer service and sales approach? Improve product development? Or even reduce your expenditure? Talk to your employees and examine how your business is running as a whole to find that certain something which is lacking. […]

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What your office space says about your business

Posted on Jul 13, 2018 by admin

How you choose to design the aesthetics of your office impacts not only how a client thinks of you, but your employees’ motivation and productivity levels as well. Consider these reasons why your office may need a makeover. Your employeesCreating a pleasant, sunlit and clean office space for your employees to work in helps to reduce stress and can boost motivation levels. ClientsWhen a new client walks through your door, you want to create a great first impression. How you design your office space communicates to your clients the type of business you are. A dull and messy workspace will […]

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Rebranding: A guide for your small business

Posted on Jul 13, 2018 by admin

Rebranding your small business can be a tricky matter. When done well, it has the potential to help your business stand out from the competition bubble and even expand your target market. On the other hand, a failed rebrand can damage the reputation of your business, or even risk losing loyal customers who dislike your new look. Which is why rebranding is a move that should never be taken lightly and must always be strategically planned. Consider these ideas before embarking on your rebranding journey. Understand your strategy Rebranding is a serious investment which will require both your time and […]

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Signs you might be a micromanager

Posted on Jul 5, 2018 by admin

No one wants to think of themselves as a micromanager, but the line between a diligent leader and a pestering micromanager can at times be easy to cross. You may feel stressed about upcoming projects or worried about losing control. However, many employers are unaware of their micromanaging ways until it is too late and some of their best staff members have already walked out the door. Continually supervising staff can be detrimental to the business. Micromanagers place their time and energy into completing everyone else’s job and leave little time to lead their team – creating a chaotic and […]

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Building a solid startup

Posted on Jul 5, 2018 by admin

It is no secret that most startups will fail in their first three years of operation, so building a new business that can not only survive but thrive in the face of a challenge is of the utmost importance. Ensuring your business is strong enough to move past any inevitable hitches that come its way can be achieved by improving the foundations. Consider these ideas. It’s all about teamwork For a business to survive any disaster, it will first need a motivated team that can work well under stress and are eager to take on challenges. Your team must work […]

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Simplifying your marketing

Posted on Jun 28, 2018 by admin

Overcomplicating your marketing efforts in a bid to increase awareness and boost sales is a common trap. As the marketing industry continues to overcrowd and evolve with technology, businesses need to look for ways to break through the noise and send their audiences a clear message. Here are three tips to simplify your marketing: Avoid attempting to master all channels Businesses are vying for audience attention which is resulting in people deliberately opting out, i.e., skipping ads. Rather than focusing on all marketing channels, i.e., email marketing, SEO, paid advertisements, apps, social media, PR, blogging and so on, pick a […]

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Creating an agile workplace

Posted on Jun 28, 2018 by admin

In today’s society, technological change is the norm – new opportunities are continually arising that change the way a business operates or improves products and processes. Businesses that are complacent, risk failing. Creating a workplace which emphasises the need to meet changing demands is important. That is where agility fits in. An agile workplace is one that adapts quickly to the changing needs of the market, its customers, employees and other key stakeholders. Agile workplaces respond faster to these trends and disruptions, are more efficient and encourage innovation. Consider the following ways to promote a culture of agility in your […]

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Dealing with conflicts of interest

Posted on Jun 22, 2018 by admin

Although conflicts of interest are not uncommon in the workplace, they can be harmful to a business if they are not appropriately managed. A conflict of interest is when an employee’s private interests interfere with their performance of their duties. For example, it may give them a personal advantage. It is important to note a conflict of interest can be an actual, perceived or potential conflict of interest. Some examples of conflict of interest in the workplace include: – an employee recommending a friend for an advertised position – an employee starting up their own business on the side with […]

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Communicating effectively with difficult people

Posted on Jun 22, 2018 by admin

Working with unreasonable people is inevitable for most individuals at some point in their careers. Whether it is an unhappy customer, difficult colleague or uncompromising community member – chances are you will encounter at least one of these situations. Unfortunately, there is no crash course in dealing with difficult people, but by applying some basic principles of communication, you can manoeuvre through these situations with ease. Here are three ways to improve your communication with difficult people: Harness the power of listening When dealing with a difficult person, it can be easy to fall into the trap of not listening […]

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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

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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E: GARRY@BDSHUGHES.CO.NZ