Tutbury Associates LtdTutbury Associates Ltd

By Kelly Tutbury

Tauranga-based accounting experts Tutbury & Associates Limited announce Facebook Giveaway.

Tauranga-based accounting experts Tutbury & Associates Limited announce Facebook Giveaway.

In an exciting announcement, the accounting experts  at Tauranga-based Tutbury & Associates Limited are giving away a $200 The Warehouse voucher on their Facebook page.

“To celebrate the launch of our new look Facebook page, we are excited to giveaway a $200 voucher at The Warehouse Voucher to one lucky winner,” says Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited.

To be in with a chance of securing this great prize, you are invited to go the Tutbury & Associates Limited Facebook page at https://www.facebook.com/tutburyassociates/ and follow these three steps:

  1. Like the Tutbury & Associates Limited Facebook page.
  2. Tag a friend in the comment on the post about the giveaway.
  3. Share the post for an extra entry.

Have personal, business and commercial accountancy needs? Tutbury & Associates Limited can expertly assist you. The cloud-based Tutbury & Associates offer their professional business advisory services nationwide.

With innovation and technology listed as their key motivators, Tutbury & Associates Limited can help you achieve goals with business planning, cashflow management, quarterly coaching, monthly coaching, KPI improvement, marketing plans, value-based selling and succession planning.

“We also focus on assisting our clients with compilation, financial planning, taxation, business accounting, family trusts and Xero bundles,” adds Kelly.

The contest ends on 19/06/2018, so make sure you get your entries in before then to win this fantastic prize.

If you want to achieve more in the new financial year then speak to the friendly experts Tutbury & Associates Limited today.

About Tutbury & Associates Limited.

Tutbury & Associates Limited has worked hard to build their reputation of excellent customer service by working interactively with their clients and making sure that their clients get value for money. They are ideal for ideal for trades people, or anyone who wants to grow their business.

Contact Tutbury & Associates Limited:

Phone: 07 576 2194

Email: admin@tutburyassociates.co.nz

Address:  23 Myres Street Tauranga

Website: http://tutburyassociates.co.nz

Facebook: https://www.facebook.com/tutburyassociates/

Instagram: https://www.instagram.com/tutburyassociatesltd/

Youtube: https://www.youtube.com/channel/UCTYBVKrnJdeuxPLwnjDejfw

Google+: https://plus.google.com/u/0/114723736893906149541

Pinterest: https://www.pinterest.com/tutburyassociatesltd/

Twitter: https://twitter.com/TutburyAssoc

LinkedIn: https://www.linkedin.com/company/13728219/admin/overview/


Contact MediaPA:

Phone: 0274 587 724

Email: phillip@mediapa.co.nz

Website: www.mediapa.co.nz

Facebook: www.facebook.com/MediaPA

Twitter: twitter.com/NZ_MediaPA

YouTube: www.youtube.com/user/TheMediaPA

Pinterest: www.pinterest.com/NZMediaPA

By Kelly Tutbury

Is technology making you less efficient?

“For a list of all the ways technology has failed to improve the quality of life, please press three.” ~ Alice Kahn

If you feel overwhelmed by the sheer volume of technological gadgets out there, never mind apps and other digital “solutions”, you’re not alone. Technology sprawl and the rabbit hole of more and more information, available all the time, is making productivity—and healthy downtime—a real challenge for many of us.

Although we may be quicker at completing redundant tasks, more time is wasted managing all our different apps and technologies—and more of us live in a near constant state of distraction.

Maintaining focus on the job is increasingly difficult in the era of social media, chat apps, games, and the ability to search anything at any time—whether related to the task at hand or not.

Recent research shows that on average office workers switch between tasks roughly every three minutes. Half of those “task switches” were not because the phone rang or someone stopped by with a question—they were self-interruptions.

The same study showed that when an interruption is related to the primary task, it isn’t a problem for the worker to maintain focus when the interruption ends. But when people have to “shift their cognitive resources” to a new task, it takes longer to remember where they were, refocus, and regain momentum.

Online multitasking

Another source of distraction that costs workers time and energy is task switching on their computers. A University of California, Irvine study found that people who work at their computers switch between applications about 400 times per day.

If your team isn’t working across the same devices, platforms, and apps, imagine the increased inefficiency as workers waste more time dealing with incompatibility issues. For anyone moving between a number of decentralized apps during the work day the cost is mental exhaustion—which can lead to increased lack of focus and even less productivity. If you need help working on which apps are essential please contact us on http://tutburyassociates.co.nz/contact/ we will certainly help point you in the right direction.

The fact is, no matter how much we’d like to improve our productivity, multitasking is a myth; most humans can only perform one task well at a time.

If you must use a computer at work, to help minimize the temptation to check Facebook or random search, give ShotClock, a monotasking app a try—or Freedom, an app that blocks all digital distractions so you can focus on just what’s in front of you.

Another tip is to batch email rather than reading and responding to messages continually. Sending email twice a day—once in the morning and again in the afternoon—will train people not to expect to hear from you instantly, creating more reasonable (and sane) expectations. For our own personal and collective wellbeing, no one can or should be available to work around the clock.

Perhaps most important of all, be sure to unplug and rest your mind each day. And be good to yourself by taking a health break each year. A week or two of time off, away from work email and other stress-inducing distractions, will do more to increase your productivity than any app.

By Kelly Tutbury

Hobby or business? How to turn your hobby into a business

Thinking about turning your hobby into a money generating business? These steps will help you avoid some common mistakes as you set out to earn an income from your favorite pastime.

Do you have what it takes?

Unless you’ve run a business before, it’s easy to get carried away with the idea of how perfect it will be to get paid for doing what you love. Reality check: the stress of needing to earn an income from your hobby can quickly take all the pleasure out of it.

Running a successful business isn’t all hobby indulgence. Unless you can afford to hire someone to take care of the bookkeeping, marketing and sales, expect to spend a lot of hours on necessary tasks completely unrelated to your true passion.

Before you start investing in your hobby-to-business idea, take this online quiz to see if running a business is right for you.  If its right check out www.business.govt.nz for help with getting started and then contact us www.tutburyassociates.co.nz

Do your market research

If you’ve been gifted with the entrepreneurial spirit, you’re ahead of the game. It’s definitely a plus to be able to combine business know-how with your passion.

The question is, will people pay you for your great idea. If you love to garden, for instance, who will buy your herb garden kids, custom flower arrangements, or green thumb e-books?

One of the biggest mistakes home-based solopreneurs make is not doing their market research.

In a nutshell, market research is the process of:

  • identifying potential markets
  • understanding what your customers most want and need
  • matching up your products and services to those needs
  • examining the competition and
  • creating a marketing plan.

As a pro tip, focus your efforts on a niche that isn’t currently being filled to increase your chances of success. You’ll minimize the competition and cut out unprofitable possibilities by creating a must-have solution designed for a highly specific customer.

Strategic marketing ideas

If you’re just starting up, odds are you’ll be running your business on a shoestring. You’ll need to be very selective about how you spend your marketing dollars—which is why it’s so important to know exactly who your customers are off the bat. Then it’s all a matter of making it as easy as possible for those people to find you.

A website and social media presence are essential for any small business. Consider craft fairs and trade shows, sponsoring a community event, joining a local business association, or partnering up with a compatible business as low-cost ways to get the word out.

Final thoughts

If turning your hobby into a business seems right for you, test the waters for six months to a year before diving in. Running a small, no-pressure side business at first will show you whether your idea has the potential to become a sustainable full time business—before you quit your day job and invest all your savings.

Drafting a simple one page business plan before early on is a great way to help you think through and evaluate your idea, step by step, as you set goals and identify strategies to achieve them.

Business planning may seem like a lot of work for a small part time business venture, but unless you have a plan, how will you know when you’ve achieved your benchmark for success?


By Kelly Tutbury

So you’ve launched your business – now what?

Good news for small business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year.

However, that number begins to drop as time rolls on. Only half of small businesses pass the five year mark, and a mere third celebrate their tenth anniversary.

Taking steps to create a good foundation in the early days of your business is essential for a sustainable and profitable future. Here’s how.

Keep your eyes on the numbers

If you’re just starting out, you may be surprised by just how quickly those day to day expenses add up. It’s important to make sure, right from day one, that you consistently track your spending, file your receipts, and monitor your income and expenses with an easy, reliable accounting system.

Cloud based accounting software (like www.xero.co.nz ) can help you know exactly where your finances stand in real time—with secure access to accurate, up to date financial data anywhere, anytime.

In addition to being able to collaborate more efficiently with your bookkeeper and accountant so you can get advice whenever you need it, you’ll avoid the stress and hassle come tax time—and be empowered every day to make better, smarter business decisions.

Don’t neglect marketing
All entrepreneurs are incredibly busy, and it can be a real challenge to find the time to promote your business. The other challenge for new businesses is money—but every small business needs to invest in marketing activities that will bring in more sales and keep the cash flow flowing.

It’s wise to be wary of costly large-scale marketing strategies when you’re just starting out. The best use of your time in the early days is to really get to know your customers and how they tick, so you can design (or hire an expert to mastermind) highly appealing, cost-effective campaigns.

And don’t turn a blind eye to what you’re competitors are up to. Monitor how they attract new customers and think about how you can improve on what they’re doing—or take a completely different approach to promoting your business that will help your young brand stand apart.

Touch base with a business advisor
Every successful entrepreneur learns from experience—not to mention failure, which can be the greatest of all teachers.

While it’s true that “you don’t know what you don’t know”, you can shrink your learning curve by reaching out to experienced mentors for guidance.

Consider working with a small business consultant who can provide personalized advice to help you make it through the first year—and an ongoing objective perspective on your business, industry, and market going forward.


Final thoughts
It’s been said many times that a business is like a baby—and it can be incredibly difficult for entrepreneurs to trust someone enough to hand over any aspect of it. Many business owners work themselves to exhaustion because they can’t let themselves to take a weekend off. They neglect their most important relationships and never get to enjoy their successes because there’s always more to do.  Contact www.tutburyassociates.co.nz/contact for some advice on way to streamline to save you time.

The most successful entrepreneurs know they can’t do it all—nor should they—and build in time for rest so they can be more productive at work. Train someone early on to run the business in your absence so you can take a rejuvenating vacation, and enjoy the freedom you likely dreamed off when you first imagined going into business for yourself.

By Kelly Tutbury

Tax, GST – IRD Obligations Simplified

Are you aware of your tax obligations with Inland Revenue (IRD)?

Do you understand how the tax system works in New Zealand?

GST – Are you monthly, bi-monthly or 6 monthly? Are you invoice, payments or hybrid? Are you aware of the difference or what best suits your business and cashflow?

How are you filing that GST? – with a software system like Xero you can streamline or even eradicate your paperwork. This saves you a lot of time and money, and with the new roll out with Xero you can now file your GST straight from there to Inland Revenue (IRD) with your IR log on. Here are the tips on Xero  – https://help.xero.com/NZ/GSTFileOnline

Note though that this isn’t the only software option it’s just our preferred option.

Terminal Tax – this is always due on the 7th April and is based on your last year’s profit.

Provisional Tax – If you’re GST registered bi-monthly or not GST registered (note 6 monthly GSTs are different dates) your dates are always: 28 August, 15 January and 7 May. Your tax is based on the last year’s accounts filed with the Inland Revenue (IRD) + 5% or 10%. The new changes to Prov Tax don’t come into effect till 1 April 2018. So you really need to be working closely with your Accountant to avoid those huge and unexpected tax bills.

Did you also know you can buy your tax at a better rate than the 8.27% interest Inland Revenue (IRD) is currently charging? Tax Management (TMNZ) www.tmnz.co.nz offer a service to reduce your interest costs. Ask your Accountant how this works.

At Tutbury’s we are happy to help in any way. If you would like a 1-hour free consultation, please contact us. Whether it’s to discuss tax, software systems or pointing you in the right direction.



Tauranga-based accounting experts Tutbury & Associates Limited announce Facebook Giveaway.
Is technology making you less efficient?
Hobby or business? How to turn your hobby into a business
So you’ve launched your business – now what?
Tax, GST – IRD Obligations Simplified