Customers trust businesses with a lot of personal information and it is the business’ responsibility to maintain confidentiality. Businesses should take relevant precautions to ensure that the privacy and personal information of their customers is not compromised. Encrypting the information you receive from customers: There are programs available which encrypt information that customers send to…
The following are some tips which will make it easier for you to stay on top of your credit card payments so that you can worry less and save more. Pay on time Check when your credit card due date is and plan your spending so that you can always pay before the date. By…
Provisional tax helps manage income tax payment. Rather than paying a lump sum at the end of the year, you are able to make repayments throughout the year. There are 4 main options available to work out provisional tax: Standard Based on your previous year’s residual income tax (RIT) plus 5%. This is particularly useful…
Effective shipping is essential in a world where online shopping is so popular. Businesses can suffer if their orders are not being shipped on time or if they are not regularly updating their customers. The following are some ways you can improve shipping. Improve your communication with your shipping facility: Communicating with your warehouse and…
It can be tempting to treat yourself on payday, but in the long run, planning your spending will be more rewarding. Creating a payday routine will help you pay your bills on time and save more money to put aside. The very first step needs to be completed the night before payday. Transfer any funds…
Your super is often the money you rely upon during your retirement. Therefore, if you feel that you have enough funds for day to day life, you may want to grow your super. There are many ways to do this: Employee contributions: Contribute to your super through your pay, or discuss with a scheme provider…
The internet and social media have made it all too easy for customers to relay their feedback to businesses. This can be a great thing because it shows other customers or potential customers why they should choose your business. However, this also means that if a customer has a negative experience, then their public feedback…
Tax codes assist your employer in calculating how much tax should be deducted from your pay, benefit or pension. It is important to calculate your code and inform your employer as failing to inform them will result in getting tax at the non-declaration rate of 45%. You should also be updating your employer if your…
Businesses can gain a lot from collaboration, regardless of the industry they are in. The following are some reasons why businesses should care about collaboration. Get inspired As a business, it is important to build a routine and figure out day-to-day operations. However, this might mean that you stop trying different techniques which could be…
Maintaining healthy cash flow can be challenging; between ongoing expenses and bills, poor cash flow can severely impact your customers, staff and bottom line. Business owners need to understand the differences between short and long-term financing when developing a cash flow strategy. There are various sources of financing available, with each being useful for different…