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Are you ready to expand your business?

Posted on Sep 27, 2017 by admin

When business is going well, many owners look to expand their business. Consider the following advice before doing so: Regular customers A sound indicator of whether or not your business is ready for expansion is to consider your customer base. To feel comfortable in expanding, you should have regular and loyal customers that return to your business. Regular customers that appreciate and value your business can be more helpful than you may realise; they can bring in more customers by speaking positively about the business. When you begin thinking about expanding, it would be worthwhile to create a survey or […]

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How to build a loyal tribe

Posted on Sep 27, 2017 by admin

Building a successful business is almost impossible without a group of motivated employees. Here are three ways to keep your employees loyal to your business: Hire right Hiring someone who doesn’t share the same vision or values as your business is detrimental. You need to hire people that fit well into your business’ culture and are willing to work hard in their roles. If staff see the job as just a paycheck, they will be more inclined to look for a job elsewhere. In the job interview, it is important to ask candidates questions regarding their personality fit and career […]

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New provisional tax option for small business

Posted on Sep 27, 2017 by admin

From 1 April 2018, small businesses with a turnover of less than $5 million a year can work out their provisional tax using the accounting income method (AIM). AIM uses new functionality in approved accounting software to work out payments. It will suit businesses that have irregular or seasonal income and have accounting software or want to start using accounting software. Businesses can continue to use another provisional tax option if they prefer. Those businesses that do choose to use AIM will only pay provisional tax when their business makes a profit, helping with cash flow. If payments are made […]

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Choosing the best loan

Posted on Sep 20, 2017 by admin

Getting a good loan can save you thousands of dollars in fees and interest, so it is important to shop around for the best deal. There are many considerations when choosing a loan. After you have decided on the amount you need to borrow, the features you need and the time frame to pay it back you should consider the following: Interest rates The interest rate is most likely the first thing you will want to know when searching for a loan. You will need to decide on whether you prefer a variable or fixed rate. If you decide on […]

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How to effectively reach your goals

Posted on Sep 20, 2017 by admin

Goal setting is critical for small business success. Achieving your goals helps to strengthen and grow your business and develop your skills as a business owner. Here are three tips to help you effectively reach your business goals: Identify bad habits Bad habits get in the way of progress, so it is important to be aware of the bad habits that halter you from achieving your goals. Many bad habits are unconscious patterns; once you realise what they are, you are one step closer towards achieving your goals. For example, if your goal is to grow your customer base by […]

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Digital marketing flaws to avoid

Posted on Sep 20, 2017 by admin

One of the best ways to market your brand in today’s business climate is digitally. However, without understanding the online environment, you can lose business. Consider the following flaws to avoid: Not setting goals Failing to set goals can leave your marketing strategy without any real drive or direction. Setting goals are necessary, not only for appreciating the direction in which your marketing strategy is headed but also for understanding if you and your team are meeting the marketing goals that have been set out. Without clear goals in place, evaluating success in your marketing plan will be virtually impossible […]

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Practices for mastering a successful business

Posted on Sep 14, 2017 by admin

Anyone can own a business, but not everyone will be successful. There are skills and mindsets that can be applied by all business owners, irrespective of the industry in which they work to help bring them success. Consider the following: Prioritise your health Starting and running a business will take up a sizeable portion of your time and your resources, which in the long run can result in your health taking a back seat. The reality is, you can’t be successful long-term and enjoy this success if you don’t look after your well-being. There are areas you will have to […]

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Turning negative customer feedback around

Posted on Sep 14, 2017 by admin

In a perfect world, every customer your business works with will be pleased with how the transaction went and will want to return to you for future business. In reality, this isn’t always the case. It is human nature that people make mistakes and there will always be circumstances outside of your control that can lead to a customer not feeling they received what they paid for. Consider the following tips for handling negative customer feedback. Be responsive When people feel they have received poor or inadequate service, they can be quick to complain, which they are entitled to do. […]

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KiwiSaver provider backs compulsory super

Posted on Sep 14, 2017 by admin

New Zealand’s biggest KiwiSaver provider ANZ is backing compulsory super after new research finds that just 53 per cent of New Zealanders who earn less than $50,000 are members of KiwiSaver. Although the research found that 80 per cent of those surveyed who earned more than $100,000 were KiwiSaver members, many were not regularly contributing to the scheme. Since KiwiSaver was launched 10 years ago, 2.7 million people had joined, however, 375,000 working-age people have not enrolled in the scheme. ANZ is proposing that KiwiSaver is made compulsory. If it is not made compulsory, ANZ is suggesting all adult non-members […]

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Making the most of your tax refund

Posted on Sep 7, 2017 by admin

Getting your tax refund back is exciting, but as tempting as it is to splurge, consider other ways you can put that money to good use. Consider the following options: Add to an emergency fund If you don’t already have an emergency fund then now is the time to start one. An emergency fund acts as a financial backup in the case of an emergency, i.e., losing your job, higher than anticipated car expenses, medical costs, home maintenance costs and so on. Building an emergency fund with enough money to cover at least three months worth of expenses is a […]

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Nicoll Jackson give you peace of mind by looking after your financial and accounting operations.

We also use our business advisory expertise to monitor your business, giving you
proactive advice on how you can improve your bottom line and net worth.

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