HOW TO HANDLE STAFF DRINKS
Health and Safety Hits Staff Social Drinks
Penalties imposed on employers (meaning directors and people in control of a business) under the new act that is soon to pass into legislation have been named "ferocious". If you have always offered your employees end of week drinks or other social activities where alcohol and other "hazards" are involved, then consider what is about to happen under the new legislation.
Click on this link to read a query sent by a business owner to a recognised expert in this field – and take 5 minutes to read and digest the answer. We have published it in its entirety so as to help business owners be as well informed as possible.
Please note the disclaimer at the end of the answer and because of the potential penalties, you should seek professional advice to help formulate an appropriate drug and alcohol policy for your workplace.
Click here to read the rest of this article...
WEBSITE MARKETING TIP
Do You Monitor Website Enquiries?
From my personal experience, I am regularly bemused by the fact that completing a website enquiry form does not in any way guarantee a response. For a recent workshop event I needed to rent a media projector and a screen. Three web sites were visited. Three web site forms were completed. Just one firm came back to me and got the business. And the bonus for them was that they got to install permanent wiring, a ceiling mounting and now future business.
If you have a website, regularly test where visitor requests end up. And get friends and family to do the same or try completing forms from other computers to make sure everything is functioning.
Not only will this test the technology you use but also how your staff handle enquiries from the web.
COSTLY MARKETING MISTAKES
Three Small Glitches to Watch Out For
No matter how hard you try, mistakes are bound to happen in the course of doing business. Here are 3 small glitches that could cost you a lot of time and money.
DEBTOR DAYS TIP
Lowest Figures for 10 Years
Right now the majority of Christchurch businesses are experiencing pretty good trading. (And if you're not, make an appointment to see me. Sometimes an outside perspective can be invaluable).
Dun & Bradsheet report that in the final quarter of last year, the average time taken to pay a commercial invoice across New Zealand dipped below the 40 day mark. The lowest in 10 years. And now considerably lower than Australia.
If you sell on credit, do you measure debtor days as a KPI? If not, you should. If you don't know how, we have developed a brilliant little calculator that works out your debtor days and then enables you to see what would happen to your bank account if the figure got worse. And the good stuff that would happen to your OD if you dropped your debtor days from say 45 to 40.
The IRD took action against the director and won. The protection offered by a company is quickly quashed if the director is attempting the be shielded by the company for careless and reckless decision.
-This tip thanks to Susan Foyle CA, E3 Business Accountants Ltd
It's the most incentivising debtor management tool invented. Yours for $29.00 plus GST. Send me an email if you'd like to have it on your PC.
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Karen and Bridget, two sisters, both Interior Designers, who account their success to their shared values in business; stemming from a classic rural kiwi background, shearing sheds and cottage industry.
"We were taught to work hard and treat people well. Simple really."
If you are after some excellent interior decorating help, phone Karen or Bridget on (03) 977 4634 or visit www.soulhome.co.nz.
Ever wondered what the ampersand sign is all about and where it came from?
This strange punctuation mark has a fascinating past. The ampersand emerged over 2,000 years ago as the Latin word 'et' meaning "and." The cursive writing of Latin scribes often connected the "e" and "t," giving rise to the shape of the ampersand.
The name did not appear until the 1830s when "&" was the 27th letter of the English alphabet. The mark concluded the alphabet with "X, Y, Z, and per se and" with "and per se" meaning "and by itself." This final phrase was slurred by English school children during recitation and reborn as "ampersand."
Susan has been a Chartered Accountant for over 17 years and has held a Certificate of Public Practice for 15 of those years.
Susan has a fascination with figures that runs in her family and loves to get involved with clients showing how E3 can make a difference to their business.
So if you want direction with anything to do with tax, figures or the health of your business, contact Susan.
Click here to ask me any question about business and I'll do my best to answer it. If I don't know the answer, I'm sure I can point you to someone who can.
Try me – there's no cost by the way. Just another complimentary service unique to E3 Business Accountants.