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.

Tips to improve your small business

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1.Utilise technologies:

Modern techs can save your time and give you edge over other competitors. Use of Facebook, LinkedIn, Google+ will be easy to reach large number of people. Dropbox or Google Drive can save your data in cloud so you don’t have to worry about losing your important data when PC crashes.

2. Becoming innovative:

Though you are innovative in your business, there is always room for improvement. Do some brainstorming session and invite your staff to join in. Different opinions help you take better decisions.

3. Communicate well:

Take friendly but professional approach to customers. Try to simplify language so that customers can understand what you are selling. Reply to messages/emails as soon as possible. If you take long time to reply, then return a call or text them when you get free.

4. Tighten your credit policies:

For any orders, make sure your customer completes a credit application and that they understand your terms of trade. Encourage your customers to clear payments quickly by emailing or posting invoices and giving clients a clear time frame to pay. Revisit your terms of trade and make any necessary changes if required.

5. Keeping records:

Create a file and bring your old furniture in use for storage purposes. If you are selling products/services, invoice your customers and file the invoices. Same goes for buying products/services. Remember successful small business never goes in trouble with the IRD if it has proper record keeping.

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Saurav Wadhwa is a Principal Accountant at IBBZ Accounting Limited


 


Saurav Wadhwa 427x640


Saurav has 15 years of practical experience in tax & accounting services. He is qualified both in law and accounting. Saurav has worked in various tax & accounting specialist roles for large corporates in New Zealand. He loves to work with Small Businesses.


His key focus is on:



  • Tax advisory for small and family operated businesses on a wide range of taxation issues.

  • Legitimate tax saving structures.

  • Advising on range of new business issues.

  • Ensuring business growth is attained.

  • Effective cash flow planning.


Blend of skills in Tax laws and accounting, makes him perfect advisor for small businesses and individuals like you. Saurav understands how to safeguard your business from creditors risk, maximise the business growth and pay low taxes. He can be your good strategic and business partner. He is of a friendly nature and easily approachable.


Awards



2014 IBBZ Accounting won the award of Best Small Business 2014. 


2015 Saurav won the award of Best Accountant of the Year.


2017 Saurav was appointed as a committee member to New Zealand Public Practice Board of CPA Australia. 


2018 CPA Australia filmed Saurav Wadhwa and IBBZ Accounting for their marketing campaign to showcase successful accountants in New Zealand Public Practice.  


2018 IBBZ Accounting was Finalist in Westpac Auckland Business Awards: Strategy and Business Planning 2018


 


News Paper Articles.


Sunday Star Times -Fairfax Media -12-08-2018


InTheBlack Aug 2018 issue - CPA Australia In Practice Publication 



He can be contacted on saurav@ibbz.co.nz  or 09 272 8050

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Guest Tuesday, 18 December 2018