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Chartered Accountants

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

Celebrating Christmas in your office

Posted on Dec 7, 2017 by admin

Christmas can be a very exciting time for many, and it can also be the dreaded season for others. Consider the following tips for celebrating Christmas in style, to ensure that all your staff get the most out of this period. Office Christmas party Holding a work Christmas party can be risky, particularly if alcohol is provided. People can take advantage of this and can see you and the business liable should something go wrong. For many employees, attending a Christmas party, especially one outside of business hours, can be quite a hassle. The safest and easiest option to have […]

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Taking risks in business

Posted on Dec 7, 2017 by admin

Risk taking is a key skill for entrepreneurs to acquire and perfect. Not taking (or mitigating) risks can see your business stagnate, or worse, plummet. Many business opportunities have an element of risk – whether it is a financial risk or a competitive risk – the result may or may not pay off. However, taking these risks is the only way to grow and strengthen your business. Consider the following tips on taking business risks: Calculate risks Calculated risks are those that are informed and backed by information and knowledge. Assessing information before taking a risk is important in deciding […]

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NZ Super and Veteran’s Pension recipients and overseas travel

Posted on Dec 7, 2017 by admin

For those who receive NZ Super or the Veteran’s Pension, travelling overseas may have implications on these payments. If you travel overseas for more than 26 weeks and are not residing in an overseas country, you will need to pay New Zealand tax on the payments receive, provided you receive one of the two payments without tax deducted prior to your travels. To do this correctly and remain compliant under regulations stipulating by the Inland Revenue Department, you will need to file an Individual tax return (IR3) as you have received income that has not been taxed at source. This […]

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Time wasters to avoid

Posted on Nov 22, 2017 by admin

Understanding what behaviours and factors which cause employees to waste time is important. Only when you understand why time is not being used efficiently can you implement strategies to overcome this. Consider the following: Technology Technology helps us do things in a fraction of the time, it allows us to do things that are otherwise impossible to do from day to day. While it is extremely valuable, it is also one of the greatest distractions in the workplace. The amount of time employees spend checking their phones each day adds up and breaks down the flow of productivity. Another way […]

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Adding value this holiday season

Posted on Nov 22, 2017 by admin

The holidays are a great time for businesses to connect with customers and clients, and maximise their sales and marketing. Consider the following tips for marketing this holiday season: Create specific holiday campaigns Leverage the holiday season in your marketing by creating campaigns centered around Christmas and the New Year. Analyse your previous holiday campaigns to discover what worked and what needs to be improved or changed. If you are stuck for creative ideas, consider reusing and tweaking old holiday campaigns that were successful. Schedule social media and blog posts The holiday season is a busy time of the year […]

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Boost for tertiary education

Posted on Nov 22, 2017 by admin

The Government has announced that it will be introducing a new programme to make tertiary education and training more affordable. From 1 January 2018, the Government’s first 100 day programme will involve providing a $50 a week boost to both student allowances and loan entitlements for living costs and will make the first year of tertiary education-fees free. These changes will affect more than 130,000 students New Zealand wide. Student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week. The increase will be $1000 net a week where […]

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Getting customers to settle debts

Posted on Nov 15, 2017 by admin

Good credit management is an important business strategy to maintain cash flow and stable finances. A cornerstone of managing credit is not only making sure an invoice gets paid but gets paid on time. Before a debt recovery process commences (which may delay payment further and damage a relationship with a customer), it is worthwhile for businesses to put a few processes in place to avoid customer debt in the first place. Prepare your customers Making sure the customers understand their payment terms from the start is the first step in training them to keep track of outstanding invoices and […]

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Finding the best KiwiSaver fund for employees

Posted on Nov 15, 2017 by admin

Since an employee’s retirement savings outcome is ultimately impacted by decisions made today, some employers may feel the need to help their employee’s find a fund that best suits their financial situation. It is more than likely that the majority of employees respond to this challenge by simply choosing one at random. For employees that avoid making this decision, the Inland Revenue Department usually assigns a fund at random for them. The number of New Zealanders who enrol in some kind of KiwiSaver fund is growing at a rapid pace. And with almost two hundred KiwiSaver funds currently on offer, […]

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Reasons your business is struggling

Posted on Nov 15, 2017 by admin

Whether you have a new business that hasn’t taken off the way you envisioned, or you have had a business for years and all of a sudden it isn’t performing the way it normally has, this can be remedied. Understanding the reason behind this lack of performance in order to improve will see your business profiting again. Consider common reasons as to why many businesses fail: Failing to market to your target audience You could spend thousands of dollars on a great marketing campaign, but if your target audience doesn’t see or interact with it, it will end up being […]

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How to ensure your branding is consistent

Posted on Nov 15, 2017 by admin

Consistent branding is a big factor in your business’ marketing strategy – it can help build loyal customers, improve recognition and trustworthiness. Businesses that adopt consistent branding techniques gain a competitive advantage by differentiating their products and services from other competitors in the market. Staying consistent also helps to stay on track in delivering the brand promise to customers and clients through every single touch point. Here are three ways to focus on delivering a consistent brand: Similar tone and showcase personality Whether your business is advertising via social media, TV advertisement or email campaign, the content should be similar […]

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I have used the Accountancy Services of BDS Hughes since they opened their practice in Orewa. I am more than pleased with the way they have looked after our financial and tax business interests and especially appreciate the fact that I can ring Garry anytime and get his expert advice whenever I need it. I thoroughly recommend BDS Hughes to all other businesses for people who require a friendly no hassle accountancy team.
Robyn PedersenAccountsBusy Bobcats

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NZ Super and Veteran’s Pension recipients and overseas travel

Posted on December 7, 2017 by BDS Hughes

For those who receive NZ Super or the Veteran’s Pension, travelling overseas may have implications on these payments. If you travel overseas for more than 26 weeks and are not residing in an overseas country, you will need to pay New Zealand tax on the payments receive, provided you receive one of the two payments without tax deducted prior to your travels. To do this correctly and remain compliant under regulations stipulating by the Inland Revenue Department, you will need to file an Individual tax return (IR3) as you have received income that has not been taxed at source. This […]

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