Advice for small businesses - from Accountants on Hobson
BILLING OUT
1. Set and understand your charge out rate. Ensure they cover the costs associated with doing the job and pay yourself what you are worth. π°
2. Always charge β free work wonβt pay your bills. πΈ
3. Charge higher for one-off work. You can reduce rates for regular or repeat work. π²
4. Invoice out in a timely manner & follow up with slow payers.
5. Treat people well β bad service spreads quicker than good service. π
PAYING BILLS
1. Pay bills on time, including tax. β²
2. Keep suppliers in the loop if you are having issues. π
MONITORING
1. Set business targets and review them regularly β itβs okay to change them. π―
2. Invest in talking regularly with your accountant. β They know how to help businesses improve. They do a lot more than just tax returns.
π Riddle me this, legends! π
He/She who makes it, sells it.
He/She who buys it, doesn't use it.
The user doesn't know they are using it.
What is it?
(Shezz from NgΔruawΔhia kindly provided this head-scratcher ... thanks, Shezz!)
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
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Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Poll: If we want to reduce speeding, what do you think actually changes driver behaviour? π»π¨π
In the Post's article on speeding penalties, the question is asked whether speeding fines are truly about road safety, or are they just a way to boost revenue for the Crown?
What do you think? Should speeding motorists receive speeding fines or demerit points?
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36.5% The sting of a fine (Money talks!)
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63.5% The threat of demerit points (Nobody wants to lose their license!)
Scam Alert: Bank cold calls
ASB is warning customers about reports of cold calls from scammers claiming to be from ASB. These scammers are trying to obtain personal information, including usernames, dates of birth, and verification codes sent to your mobile phone.
π‘οΈ The "Caller Check" Test
If you get a call from someone claiming to be from ASB and youβre unsure, just ask them for a Caller Check. You will then be able to verify the call through the app.
Remember, banks will:ββ
β Never ask for your banking passwords, PINs, or verification codesββ
β Never need to know your full credit card number β especially the CVC
β Never ask you to download software or remotely access your deviceββ
β Never ask you to purchase gift cards or transfer funds.
If you have received a phone call and think your account has been compromised, call ASB on 0800 ASB FRAUD (0800 272 372), or visit your local branch.
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