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Chartered Accountants

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

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 helps to communicate expectations and encourage feedback. Once staff understand growth is a priority, they can work towards achieving growth in their roles and for the overall business.

Involve your team
Engaging with your current employees is the best way to foster a culture of growth. Setting new growth-related goals and involving employees in meetings will help staff to gain a clear vision and drive commitment.

Empower staff
A growth-oriented culture needs supporting strategies in order to succeed. Leaders need to establish and implement strategies for both business and employee growth, and lead by example. Management play a large role in facilitating employee learning and development, and coaching team members through new strategies.

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

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Claiming expenses on work-related trips

Posted on December 21, 2017 by BDS Hughes

When travelling for business or paying for employee travel there are many daily expenses that can be claimed. Generally, you can claim for flights, taxis (or mileage if you use your own car), accommodation, meals and snacks when you are away from home on business travel. For work-related meetings, conferences or training courses that require an overnight stay, employers can claim the cost of accommodation. If an employee is working away from home for an extended period, you can claim for accommodation or any accommodation allowance paid providing it is for a period of no more than two years (or […]

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