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Chartered Accountants

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

Handy tips to prevent personal loan rejection

Posted on Jul 19, 2018 by admin

When applying for a personal loan, it is essential to do everything feasible to improve your probability of getting approved. Receiving just one knockback for a loan will be recorded on your credit file and may make it just that little bit harder to get approved for finance in the future. While there is no sure way of knowing you will be approved, there are specific requirements you should ensure you meet before putting forth your application. You have a good credit history Having a history of bad credit is a sure way to have your loan rejected. It is […]

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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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Bad business habits

Posted on Jul 13, 2018 by admin

When you run your own business, it can be hard to step back and look at the big picture. Failing to do so, however, not only harms your business; it can also make it even harder to sell. Whether it is failing to track cash flow or not investing correctly in key staff, there are many bad habits that business owners commonly make. Here are the top three: Using the business as your personal ATM A common business tax-minimisation strategy is to spend business earnings on personal expenses that are not directly related to the business. The idea behind this […]

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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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How to spot a phishing scam

Posted on Jul 5, 2018 by admin

Falling for a phishing scam is often easy. You receive an email or a text message from your bank asking you to click on a link and verify your account details for a security check or maintenance upgrade, and before you know it you have given a scammer access to your bank account. The purpose of a phishing scam is to persuade you into clicking on their link, which will take you to a site that looks exactly like your bank’s website, so from a first glance their email/ text message and link will look very authentic. However, you can […]

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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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Introduction of Best Start

Posted on Jul 5, 2018 by admin

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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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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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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21 Tamariki Ave, Orewa, Auckland

P: 09 426 2999 | F: 09 426 0812 | M: 021 790765
E: GARRY@BDSHUGHES.CO.NZ