IBBZ Accounting

Chartered Accountants & Tax Specialist

 

Useful tips for Small Business

General update by IBBZ Accounting on latest tax news, business growth and technology tips.

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Subcategories from this category: Tax updates, Business growth, Technology updates

How Good Accounting Influence The Decisions of Small Business

When an accountant tells you ‘I will do your accounts.’ what does that actually mean? To answer this question, I need to start from explaining what an accountant is doing. Basically, in terms of a small business, what an accountant does is book keeping, bank reconciliation and reporting.

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Why and How Time Management Skills are Important for The Success of Your Business

Time management skills are like a good pair of pants – you need to try several pairs before you find the right one which suits you best.  Time management is not very difficult as a concept but it is hard to put into practice.

  

In this article we will introduce a time management tool called priority matrix. You can have try and see whether it is the right one for you.

 

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Residential Care Subsidy

Some people set up a family trust to receive residential care subsidy when they get old. By setting up a trust they dispose their interest in an asset to be eligible to receive subsidy. With changing rules of social security it is getting harder to get residential care subsidy.

With the abolition of gift duty you can gift as much as you want and there will not be any tax duty. However, for residential care subsidy there still is a maximum level of gift per couple is $26,000.

 

What is residential care subsidy?

Residential care subsidy is paid to rest homes or hospitals directly for entitled people by the Ministry of Health.

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Choose a Right Computer for Work

When a business wants to upgrade its computer, it is easy to become confused by the technical data. In this article I will provide you some basic information that will help you to choose a right computer for your business.

Choosing a PC is actually choosing its hardware. For office use, it is mainly about choosing RAM, CPU and hard drive.

  

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Healthy Body Means Healthy Thoughts for Business

Healthy body means healthy thoughts for business

  

Mobile application – Moves is awesome to record  your daily activity.

This life style changing APP records real time information and its name is Moves. It tracks your everyday life and exercise. What you should do is just carry your phone in your pocket or bag.

This app automatically records your daily walking, cycling and running. It is able to recognise places in your daily life. It will generate a visualised report showing how you spend your day.

 

 With the app, you can see you every day exercise and review your lifestyle. You can start with small changes that can lead to a fitter lifestyle and healthier habits.

 

 

 

 

Link: https://www.moves-app.com/

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