Laughing On The Way To Execution

Grant BrownleeWe recently hosted an event called ‘The 3 Disciplines of Profitable High Growth NZ Businesses’ in conjunction with the BNZ, presented compellingly by guest speaker Karl Varley.

One particular comment that Karl made stood out to me.  He said something like “if people aren’t laughing at your goals then you haven’t set your sights high enough”.  As I looked around it was clear that Karl had struck a chord with many of the business owners in the room.

Karl continued on to discuss the importance of businesses having a one page Strategic Plan – and ensuring it is visible and executed.

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Recruitment Trends in New Zealand

 Jennifer Wyatt Sargent of Wyatt  Wyatt Sargent Fern Logo 2.pngSargent & Associates Ltd discusses recruitment trends in New Zealand.

New Zealand’s unemployment rate of 7.3% for the September 2012 quarter was the highest in 13 years.  Yet organisations are still complaining about the difficulty of recruiting quality candidates.

Back in 2002 Ira Wolfe, a leading US recruitment specialist, said he believed labour shortages would not blow over, and that they had no industry or geographic boundaries.  He put this down to several factors: continuous growth in economies since the early 1990s and therefore higher demand for skilled labour; falling birth rates; a higher percentage of older workers combined with longer life expectancy; also fewer working adults as a percentage of total population.

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Market Wrap For First Quarter 2013

Craigs Investment Partners Logo.png Simon Coulter of Craigs Investment Partners reviews the markets’ performance for the first quarter of 2013.

 

The strong rally in shares that we saw over the final stages of 2012 has continued over the first three months of 2013, with the first quarter of the year providing another outstanding return for investors.

The New Zealand sharemarket returned 8.8%, an even stronger return than that seen in the final three months of last year. This takes the 12 month return to a very healthy 26.0%. The domestic market continued to benefit from a number of factors, including a robust economic backdrop, supportive dividend yields, a solid reporting season and positive outlook statements from a number of companies.

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MS Outlook for Personal Efficiency and Team Productivity:”Do It Now”

Business Computing Skills Logo In the fifth of a series of five articles, Jacqui Hinchliffe of Business Computing Skills discusses how to manage your emails. Previously Jacqui introduced the four D rule for managing email.
This final article discusses rule number 4: Do It Now

1. Delete 2. Diarise 3. Delegate 4. Do It Now

Productivity is determined by how effectively you process the inbound flow of work. Your email account is often the hub of your workflow so it makes sense to start looking here for efficiency. You need a system that enables you to get the most amount of work done while minimising the amount of time spent on unproductive tasks.

The Four D Rule is a great way to start systemising your email management. We’ve introduced a few of the practical steps you can take to get this system working for you.  Our articles have focused on the use of MS Outlook, but the techniques can easily be adapted for almost any email client or web-based email account.  See our previous article on Delegation here.

The Last of the Four D’s: Do It Now

Remember around half of your (non-spam) inbound email can be deleted immediately.  With the other half ask yourself this question: ‘Can I complete this within two minutes?’  If the answer is yes, ‘do it right away then delete the email.’ Leaving mail in your inbox to re-read and action later, or file it elsewhere is simply inefficient.

If you’re using MS Outlook 2010, the Quick Step feature enables you to perform multi-step tasks such as replying to an email and deleting the inbound email with a single click or keyboard shortcut.

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Taxing Matters: Deductible Expenses

Taxing matters provides a summary of topical tax and business information relating to individuals and business.  This article discusses the deductibility of some common expenses for tax purposes.

Website Costs – For tax purposes, the costs of creating and/or upgrading a business website are classed as capital expenditure and should be capitalised and depreciated.  The ongoing costs incurred when maintaining an existing business website are deductible.

Combined Business and Holiday Travel - If travel is part business and part holiday (in NZ or overseas), the IRD look at the dominant purpose of the trip to determine deductibility of expenditure.  If the purpose of the trip is principally for business, the travel expenditure will be deductible with the exception of any expenses relating directly to the personal part of the holiday, which will not be deductible.  Conversely if the purpose of the trip is principally for personal pleasure, then the travel expenditure will not be deductible with the exception of costs directly incurred in carrying out business activities.

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Staff News: April/May 2013

We are delighted to welcome back Sarah Legg, who returns this week following maternity leave.

A very warm welcome to Katrina Whatmough who joins us this month as a BAS Senior.Jane C Graduation 3

Also welcome to Craig Mowatt who joins our Helensville office.

Congratulations to Jane Chea in our Audit team, who graduated on the 8th of May from the University of Auckland with a Graduate Diploma in Commerce and a Bachelor of Commerce.

 

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Corporate Tax Competition Heats Up

By Jim Martin, Tax Manager, UHY Haines Norton, Email jmartin@uhyhn.co.nz

In an increasingly globalised world, governments are under pressure to find ways to attract and retain businesses to their country and then to help those businesses compete against their international competitors.

An increasing number of government’s now realise that one powerful tool they have to achieve those goals is lowering the level of corporation tax that they impose on business profits.

Clearly a high corporation tax rate can make one business location unattractive compared to overseas economies with lower tax rates. A high corporate tax rate can also suppress a corporate’s growth by taking money out of a business and its shareholder’s pockets that could alternatively be invested in marketing or R&D to further grow the business.

The latest research project from UHY’s international network has found that some developed nations are still dragging their economies down and hitting businesses with far higher corporation tax rates than faster growing emerging economies.

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