Preventing fraud

Hamish Mexted Odds & Ends

According to this article in the Dominion Post, “about half of NZ businesses are victims of fraud”.  Whether or not the statistics are entirely accurate I’m not sure.  However the article does highlight the point that all businesses need to be wary of fraud. It’s stating the obvious that fraud can cripple any business.  The key to preventing it happening to your business is …

Change accountants

Hamish Mexted Accounting & Compliance

We’ve blogged about this before but it’s crucial for your business.  You need a Chartered Accountant that is going to work with you to build your business and help you earn more, spend less and retire earlier. iif is a Wellington-based Chartered Accounting Firm helping business earn more money.  iif achieves this by: Presenting the numbers in an understandable way – colours, …

Perils of the cloud

Hamish Mexted Odds & Ends, Xero & Addons

One of the perils of running a Chartered Accounting business in the cloud is power cuts (which we’re currently experiencing). Often used by people as a reason for not switching to the cloud, without proper planning a power cut can be the death of an afternoon’s productivity level. For us, proper planning means having decent laptops with great battery life …

Good HR = more profit

Hamish Mexted HR & Managing Staff

For most businesses, staff are their biggest overhead, as well as being their biggest asset.  It’s crucial to hire good people, keep them engaged, and prevent them from wandering off to your competition. Many business owners spend a lot of time looking at areas for cutting costs.  Stationery, vehicle running costs, electricity efficiencies etc.  However they don’t spend time looking at …

The big bad wolf…

Hamish Mexted Reducing Tax

To most people, the IRD (the tax department for anyone lucky enough never to have come across them) is the big bad wolf.  They’re seen as this nasty bureaucracy which has an unwavering in desire to destroy your business and take a good chunk of your hard-earned money.  However, perceptions can often be wrong. Unless you’re in the very small minority …

What’s annoying your customers?

Hamish Mexted Increasing Profit

I came across this post earlier today.  It’s targeted at law firms, but applies equally to all businesses, and simply asks “what aggravates your clients”. No matter how good your product, service or system may be, if you’re aggravating your clients the chances are you’re not going to succeed. Why not ask your (more trusted) clients what it is that …

The election and your business

Hamish Mexted Odds & Ends

Have you thought about how the election will impact on your business?  What opportunities would National remaining in power create for you?  Alternatively, what would a Labour-led government with a strong Green influence mean?  Is there anything you can do now to improve your ability to take the opportunities presented by the next government? For example, National is proposing to …

Who’s on your team?

Hamish Mexted Business Strategy & Planning

It’s crucial that you surround yourself with good people.  These people become your trusted advisors and are people you know you can rely on to help you grow your business, problem solve and move forward. Amongst others, they could include your lawyer, bank manager, business mentor or chartered accountant.  Alternatively you could have a board of directors or an advisory board that …

The best time to switch

Hamish Mexted Accounting & Compliance

I was asked during the week when the best time is to change accountant.  The short answer is now.  The sooner you’re making more, operating more efficiently and controlling your cashflow the better. You certainly shouldn’t wait until the end of the financial year – that’s another five months away for most.  By the time year-end rolls around you’ve got other …