September News

04/09/2017

We all like free things!

Our accounting team want to know how well they met your needs when preparing your annual accounts. We would appreciate you taking the time to complete a short survey to help us serve you better. And there’s an added bonus to getting back to us…

Click here to complete our survey

First person to complete and submit the survey receives a Sudburys’ Prezzy card to the value of $50.
All other completed and submitted surveys will go in the draw to receive a Sudburys’ Prezzy card to the value of $100.
You are most welcome to print this page and drop it into reception when you are passing by, we would love to see you.

$100 Prezzy Card to be drawn on Monday 30 October | Terms and Conditions apply

Major move to simplify New Zealand tax for small business!

Have you heard about AIM? No? The Accounting Income Method (AIM) will give small businesses peace of mind about paying provisional tax and gives you the option of making tax payments during the year as calculated by your accounting software… put very simply; just like filing a GST return!

Like to know more about AIM?

Upcoming Xero software training courses.

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Xero is the perfect solution if you are considering filing your tax return using the AIM method. Watch this space!

Keep me in the loop about Xero Training

Online trading: A hobby or your business?

If you regularly sell goods online, including auction sites like Trade Me, you are “in trade”.

This means you have the same tax obligations as any other business — income tax and possibly GST. And you must also follow consumer laws, e.g. the Consumer Guarantees Act and product safety rules.

Frequency is key
If you’re occasionally selling your stuff on sites like Trade Me and eBay, you’re OK. There are no tax implications for private one-off sales.

If, however, you make money from regularly selling things online, you’re probably in business and your tax obligations are exactly the same as if you were selling goods in a shop.

Any money you make on these sales is treated like any other business income and you’ll need to make sure that you’re paying proper business tax to stay out of trouble.

You’ll also need to register for GST if you have sales of more than $60,000 a year.

Click here read the full article from the Ministry of Business and Innovation & Employment

Aim at Nothing and You Will Hit it with Tremendous Accuracy

I am sure you set goals for your day and your week, but do you plan any further ahead. Our experience shows that having a clear plan for your business for the next year and five years, means you will achieve a whole lot more than if you only plan on a daily or weekly basis.

From that one year and five year plan we recommend you break down your plans into 90 day periods. By establishing some clear actions to work towards your goal, you will slowly but surely achieve your goals for your business.

Setting goals is all very well but if you have no one to keep you accountable, it is often easy to get involved in the day to day business and let the strategic actions slide. Having a mentor to keep you on track and to provide you with extra tools to lead your team can help you work more directly towards your five year plan.

If you need help to put together a simple strategy for the next five years for your business, break this down into your 90 day actions and keep you accountable to develop your business, give us a call at Sudburys.

Like a boss!!

We all know who the boss is and what the boss does in our workplace! At least I hope we do!

The formal meaning of boss is:
Boss /bɒs/

noun
1. a person who is in charge of a worker or organisation.
“her boss offered her a promotion”

verb
2. give (someone) orders in a domineering manner.
“you’re always bossing us about”

But I love the adjective of the word, which is:

3. excellent; outstanding.
“she’s a real boss chick” or “How did you just do that? That was boss!”

When we read the adjective for the word boss (excellent; outstanding), we realise that it has just given us all permission to be a ‘boss’. We all have permission to be excellent and outstanding within the role that we are in and no longer have an excuse to be average at what we do. It is an opportunity to be of value and an asset.

Albert Einstein once said: “Try not to become a man of success. Rather become a man of value.”

When we place value on ourselves, the way we think and act changes for the positive. Self-sabotage changes to Self-encouragement, ‘I can do x, y or z’ because I am capable. I am in this position because I am excellent at what I do! When your self-worth increases, you start to delivere value not only to yourself but also to the others around you.

Feeling and acting like ‘a boss’ might start with a few simple steps, such as:

  • Smile more
  • Remove negative talk
  • Let go of “control”
  • Ask more questions
  • Talk about feelings as well as facts
  • Take more interest in others
  • Stop and think before speaking
  • Take time to look people in the eye
  • Trust people
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