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Gaining More Surplus

Article by Clinton Sanford. Image sourced from Unsplash....

August 9, 2017

Creating A Great Working Team

Thriving Teams - this was the topic of our recent quarterly workshop. A very timely topic given the incredible success of Team NZ in theAmerica's Cup. I take my hat off to the leadership of that team. A teamcomprising the full alphabet of generations - Baby Boomers, Gen X and Gen Y hasbeen molded into a focused, performing team. There is probably no secret formula, just a huge amount of determination,planning, action and reviewing of plans, along with all the usual clear goals,mutual respect, tr...

June 30, 2017

Waste

Processes either add value, or add waste to the production of an item or service. Waste elimination is one of the most effective ways to increase profitability in a business. To eliminate waste it is important to fully understand exactly what waste is and where it can be found. Toyota, the Japanese automobile manufacturer, after years of work to remove waste, identified the following seven wastes as the most prominent ones. These seven wastes apply to any organization: 1. Overproduction is...

March 8, 2017

How to gain control of your free time

There are 168 hours in each week. How do we find time for what matters most? Time management expert Laura Vanderkam studies how busy people spend their lives, and she's discovered that many of us drastically overestimate our commitments each week, while underestimating the time we have to ourselves. She offers a few practical strategies below to help find more time for what really matters to us, so we can "build the lives we want in the time we've got."...

January 31, 2017

Why are we so busy?

Extract from the Economist Why do people feel so rushed? Part of this is a perception problem....

October 18, 2016

IMPORTANT: Changes to Food and Drink Tax Deductibles

A bottle of wine or food given to a client or supplier as a goodwill gesture to be enjoyed in their own time, is no longer 100% tax deductible but 50% deductible. Check out what else is 50% and 100% in the PDF attached here:...

October 18, 2016

10 Holiday Marketing Ideas For Small Businesses

Holiday season is quickly coming upon us. Halloween, Guy Fawkes, Thanksgiving (if you're from the Northern Hemisphere), Christmas and then News Years are just a mere 12 weeks away. Even though your customers may not be thinking that far ahead, it's time we do. Here are some ideas towards your Christmas campaign that can help ensure your business is top-of-mind with customers this holiday season. Create Curb Appeal. Do something to make your store more noticeable. Take a step out on to the...

September 30, 2016

4 Types of Effective Referral Systems

Referrals often happen when they happen and, while you can't always control when one friend asks another for a referral, you can influence how often your referral sources think about referring your business. Referrals are important in business growth.You should look to build multiple referral systems, which gives your customers and clients opportunities to refer you. Here are some of the strategies you can adopt into your business to grow your referrals. 1. Direct referrals A direct referral ...

August 31, 2016

Are You Ready For Referrals?

Before you step out and start asking for referrals it's important to stop and know exactly what kind of referrals you are looking for. Our friends at Mindshop have some helpful steps about how to make this happen. Step 1 - Create a profile of your best client This step is about understanding WHO your best clients are. Think about your client base and who you have the most successful relationship with, the most fun with, who is easiest to deal with. Understanding who your 'best' client is e...

August 30, 2016

The Difference Between Bookkeeper & Accountant

A good bookkeeper and accountants are invaluable assets to your business, but how do you choose which one you really need. Clinton Sanford discusses the differences between the two....

August 17, 2016

4 Questions Every Leader Needs To Ask Before Moving On

Have you ever felt like you were out of place? That where you are, isn't where you're supposed to be? John C. Maxwell, leadership guru for over 20+ years, has a few key pointers about what you need to ask yourself before moving on. ...

July 26, 2016

What You Need to Do Before You Go On Holiday

Holiday pay has been in the news recently, and we know the Labour Inspectors from the Ministry of Business, Innovation and Employment will be checking that employers have been recording and paying entitlements correctly. Imagine this. You're sipping a wine under the hot Tuscan sun, or taking the family on a much deserved vacation to Fiji...when your phone buzzes frantically. It's Cindy, the new manager you hired before you left, having a query about the calculated holiday pay after she talke...

July 13, 2016

Creating A Great Working Team

High turnover of staff is costly. It burns through company resources and the "invisible costs" incurred in training, enculturing, getting up to speed and introducing a new employee to customers, all adds up. In fact, for a salary role of $40,000 a year, the average cost to business is between $20,000 - $30,000 in the first 6 months alone. That's why finding and maintaining a dedicated team is crucial to your business. Here's how you can do that. 1. The right stuff It's important to employ ...

July 12, 2016

Stressed out?

We are almost half way through 2016... How are your goals coming along? Click on the image above to read about setting and reviewing goals in order to assist with stress relief....

May 4, 2016

Doing things is not the same as getting things done

What on earth do we mean? Read the article by clicking on the image to find 7 ways to get the most out of your day. ...

May 4, 2016

Important Dates March - May 2016

Here's the dates you'll want to mark in your calendar for March - May of 2016. These dates apply to those clients for whom we prepare tax returns. Different dates will apply for those clients for whom we don't prepare returns. Please ask us if you'd like more information, 09 421 9020 ...

March 10, 2016

Mileage Rates

If you're self-employed you can use the Inland Revenue mileage rate to calculate the cost of using your motor vehicle for business purposes. Last year the commissioner reviewed the mileage rate for the 2015 tax year and decreased it from 77 to 74 cents per kilometre. If you have any questions or need templates to help calculate this rate, contact us on 09 421 9020 and we'll get you sorted....

March 10, 2016

Setting the Record Straight

Inland Revenue have signalled they will be looking at businesses' record keeping systems. Key targets will be that all jobs and all income are being recorded and that GST is being handled properly. Recent prosecutions indicate that PAYE records are another hot topic, along with the corresponding employment records. If sketchy records are a quick way to set off the IRD alarm bells, this could be a great time to do a sense check on your records and systems. As a business owner you're required by ...

March 10, 2016

Targeting the Cash Economy

Inland Revenue's crackdown on 'cashies' continues with their focus on undeclared cash in the construction and hospitality sectors. Last year, the Auckland region saw the most activity. Inland Revenue are now widening their reach. They've been trying to change attitudes among tradies and subcontracting businesses and their efforts seem to be getting results. Inland Revenue acknowledge people trying to cheat on tax are in the minority but stress that they're a very expensive minority. The so-call...

March 10, 2016

Important Dates

Here are some important dates you'll want to put in your diary or plan in advance so that you aren't caught out over the holidays....

December 15, 2015

Flexitax - Cashflow for Christmas

Tax Management NZ (TMNZ) have come up with a new payment option to give businesses more flexibility to manage their cashflow and their tax. Businesses that owe provisional tax can pay variable instalments, based on their cashflow at the time. Businesses can pay in instalments for income tax for the current tax year or the one just gone. It wipes late payment penalties and reduces IRD interest costs. TMNZ charges the business interest calculated on the remaining amount of tax owed every month. An...

December 15, 2015

Housekeeping

If your business peaks during the holidays, have your marketing organised and plan your staffing. Is there a planned approach to when everyone is taking their holidays? Have extra business cards or other marketing giveaways on hand - it's a great season for networking. Magnetic car signs can attract enquiries as well. Everyone is used to being cash strapped in the New Year but no one ever really prepares for it. Follow up with debtors to encourage payment...

December 15, 2015

Great Christmas Movies

In no particular order because that would be like saying you love one child more than another. 1. A Christmas Carol - Any version will do. Our pick would be the Jim Carey version. Great classic story with modern CGI graphics. 2. The Santa Clause - And of course the sequels too! Tim Allen makes the red suit his own in this fun filled family trilogy. 3. Home Alone - What's a Christmas without Kevin and those two bungling bandits?!! 4. Elf - Probably one of the only Will Farrell movies you ...

December 11, 2015

Oreo Peppermint Crunch Cookies

Box cake mix (Betty Crocker Vanilla is best but use your favourite) 110 grams of butter melted 1 egg (I use size 7 free range) 1tsp Peppermint Extract 1 sleeve of Crushed Oreo cookies about 200 grams, but really it's Oreos do as many as you like 10 Large Candy Canes Crushed In a bowl combine cake mix, butter, egg and extract. Stir in Oreos and Candy Canes. If you like a flat crunchy cookie over crisp on the outside but soft in the middle, just add more butter to make the batter wetter. Go...

December 11, 2015

Heads Up on Health & Safety

The new health and safety legislation has passed and we all need to start planning. Your business needs to be compliant by 4 April 2016, when the new Health and Safety at Work Act takes effect, replacing the Health and Safety in Employment Act 1992. A lot of information is still to come on how the Act will operate. Regulations will be released to clarify how it will work for different industries. WorkSafe New Zealand will provide guidelines to businesses and workers. The legislation has b...

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