MS Outlook for Personal Efficiency and Team Productivity

In the fourth of a series of five articles Jacqui Hinchliffe from Positive Connexions – West Auckland Computer Training discusses how to manage your emails.  Previously Jacqui introduced the four D rules for managing email.  This month’s article discusses rule number 3:Delegate 1. Delete 2. Diarise 3. Delegate 4. Do It Now The average New…

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Staff News

Congratulations to these UHY Haines Norton staff members: Sarah Legg who on 12/12/12 became a mother for the second time.  Congratulations Sarah and Anthony on the birth of Shiloh, and we trust that Tyrone enjoys having a sister to look after. Paul Eckford who prior to Christmas was promoted from intermediate to senior accountant  within our Business Advisory…

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Brazil and India hit businesses with highest sales and consumption taxes

High sales and consumption taxes in UK and Europe threaten consumer recovery
Lack of federal sales tax keeps US sales taxes low

Brazil and India hit consumers with the highest levels of consumption and sales taxes in the world, according to new research by UHY, the international accounting and consultancy network.

UHY adds that behind India and Brazil, European countries impose the heaviest sales tax burden, which threatens to undermine recoveries in consumer spending by putting pressure on disposable incomes.

UHY tax professionals studied data from 22 countries* across its international network, including all members of the G7 and the developing BRIC economies. UHY calculated the percentage of the total price of a representative basket of goods and services that was made up of taxes and duties.

The Brazilian and Indian governments take 28.7% and 38% respectively of the total price of the basket of goods and services through taxes. On average, European governments are responsible for 15.5% of the price of UHY’s basket of goods and services.

This compares to an average of 13.8% for all countries, an average of 8.1% in the Asia-Pacific countries, 12.1% in G7 countries.

Ladislav Hornan, chairman of UHY, says: “Brazil and India, like many developing economies, rely far more on sales taxes than income taxes compared to their more economically developed counterparts. Lower income taxes can have a positive effect on productivity, as it encourages individuals to work harder and entrepreneurs to generate more wealth.

“However, questions remain as to whether these high consumption taxes have hindered the growth of vibrant consumer element of those economies.”

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How Do You Rank?

Imagine the sense of satisfaction and pride if your business had won an award at the recently held Westpac West Auckland Business Awards.

What does it take for a business to win such an award?

When someone asks you ‘how is your business doing?’ it can often be difficult to be objective.  Many business owners simply look at sales and net profit results and provided they are better than last year they take the view that things are ‘OK’.

This week I had discussions with two different clients.  The first client is in a sunset industry and their turnover this year is half that of last year. It is an industry wide phenomenon resulting from changes in technology.  They may not survive.

The second client, after completing comprehensive market testing, is successfully selling software to the world.

With the rapid pace of change it can’t be assumed that there will be time to adjust to market changes.  We all need to be ahead of the game.

In a fast moving environment regularly testing your business against best practice is, in my view, critical to sustained success.

The business award winners are all businesses that ranked the best when they were tested against the USA based system called the Baldridge Criteria for Performance Excellence.

We have been sponsoring the West Auckland Business Awards for 18 years and have taken a keen interest in the robustness of the judging process.

The Baldridge system for performance excellence is well regarded and comprehensive.  The framework covers the areas of:

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