Members Newsletter September 2022

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Update from the Chair

Hello from a damp and damaged Nelson/Tasman region!

 

We have certainly had an interesting few weeks of weather. We also feel for our members in other parts of NZ who also were adversely affected by the horrific rain recently.

 

The ATAINZ Board has been busy in the past few months working through the new membership categories and what this means for you. We have also spent time making sure we are providing you with the best possible workshop in September and conference for next year. It is great to see how many members have already booked for the workshop in Auckland. We are providing a photographer to give you up to date and professional photos for your ATAINZ listing which you can also use for your own website. We encourage you to make the most of this free service.

 

A few weeks ago Andrew Palmer (newly co-opted board member) and myself were invited to meet with the new Commissioner of Inland Revenue. It was a good opportunity to strengthen the relationship ATAINZ has with Inland Revenue. We were able to express some of our concerns as a professional body and also learn what Inland Revenue is focusing on in the near future. I encourage you to attend our workshop next month for more details. The Commissioner has accepted an invitation to attend our Conference in Napier in March in person and share his insights with our members which I am confident you will benefit from.

 

We also met with Mike Stone who is the Director of AML for the Department of Internal Affairs. As you will now be aware, there has been a change to tax transfers no longer being classed as a “captured activity”. This will no doubt have an impact on your business and as a reminder you will need to make sure you update your AML/CFT processes to reflect the change (if you currently offer captured activities). We look forward to finding out the suggested changes to AML/CFT for the Accounting Sector which are scheduled to be provided to the Minister soon. ATAINZ will be doing its best to get the opinions of our members to those making the decisions!

 

Finally, please can I ask you to seriously consider being part of the ATAINZ mentoring program for this year. Both mentors and mentees benefit from this process and it is important to develop and grow our members through a pathway of professional development.

 

Take care and see you soon!

 

All the best, 

Richard Abel

 
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2022 ATAINZ Workshop Registrations Open

ATAINZ are pleased to advise that registrations for the 2022 ATAINZ Workshop are now open.

 

The Workshop will be held on Friday 30th September 2022 at Waipuna Conference Suites Highbrook, Auckland.

 

To register simply go to the ATAINZ website and click on Member Login and then click on Conference/Workshop Registration then click on Make Your Workshop Booking.

 

Attached for your information is a copy of the Workshop Program.

 

I think that you will all agree that this Workshop has an awesome lineup of Presenters and relevant topics and is one not to be missed

 

For those unable to attend in person LiveStream is available.

 

For anyone who requires accommodation Quest Serviced Apartments are located adjacent to the Workshop venue.

 

 
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Is your Practice Attracting the Right Talent?

Let's be honest, good talent is hard to find. So what are you doing to attract the right people for your business?

 

When people talk about ‘brand’ they often think solely from a customer perspective. However, a strong 'employer brand' is also critical, in order to attract the right talent to your business. With a shift in skill-set requirements across most industries, it’s more important than ever to attract the right potential employees.

 

So how do you go about attracting great talent to your business?

 

Give prospects the full picture

 

When you have a role to fill, make sure you:

  • Describe the great working environment in your job description and publish this on your website and on social media
  • Add a careers page, with details on the company culture as well as the job
  • Provide some insight into company life, or why people would want to work for you.

Establish your Employer Value Proposition

 

This is your unique set of offerings, associations, and values that positively influence target candidates and employees. This gives prospective employees a sense of what you stand for. Without a set of values, it’s harder to attract the right potential employees and even harder to hire someone who is the right fit for your company.

 

A strong employer brand therefore not only increases consideration, it is also a smart business investment. When your culture and values resonate with current employees, it can significantly lower your staff turnover rate. Companies with a stronger employer brand have a 28 percent lower turnover rate than companies with a weaker employer brand.

 

Attracting the right candidates

 

Build personas of the types of talent you’d like to hire. And from here you can build your profile of your ideal candidate. These can include:

 

  • Education
  • Work experience
  • Personal activities
  • Aspirations and goals
  • Values
  • Personal life and family situation.

 

Once you have that profile, build your questions to ask in order to ascertain whether potential employees fit your ideal profile. You can tailor the advert and medium to speak to that profile.

 

Succession Planning

 

What positions will you need to hire in six to twelve months and what skills are required so you can build an internal talent pipeline?

 

Work ahead of that point and build a relationship with your ideal candidate. Additionally, with a lot of ideal candidates being already happy in their current roles, you will require the time to build that relationship.

 

Investing to strengthen your employer brand, including culture, environment, values and strategic vision will help increase consideration of your company, lower recruiting costs, and decrease voluntary turnover. 

 

 
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Hiring During a Pandemic

While the pandemic has certainly changed how we work, it’s also affected the relationship between job seekers and the companies that are hiring. For instance, companies are now going to have to answer questions pertaining to remote work, flexible scheduling, and health and safety in ways that may be new to them.

As it has always stood, hiring qualified, hard-working people is essential to any company’s potential success. To secure your company’s future, keeping good hiring strategies is imperative. Check out some strategies for recruiting in a post-pandemic world.

 

Cultivate your culture

 

Your company culture is arguably the number one element potential hires are looking for. If you’re looking to build a team that’s committed to your vision and mission, you need to hire candidates who are ready to buy-in. A finely-cultivated company culture plays an increasingly important role in this. Ask yourself the following questions: how is my culture working? How does it benefit my business? What is missing? Challenge yourself to continue to reassess your culture, and eventually reset it in line with the "new normal."

 

Allow remote work

 

In light of the COVID-19 pandemic wreaking havoc, employees found themselves suddenly shifted to remote work positions. Such a rapid change in the work landscape has opened the doors and a long-debated discussion about the feasibility of remote work. As quickly as employees are realizing, companies must adapt.

 

Some companies will go permanently remote, and others will offer part-time remote. Decide where you want to fall on the spectrum but do keep in mind that zero flexibility will likely result in a stunted applicant pool.

 

Ask excellent and consistent questions

 

If you’re looking to build an outstanding team, you need to vet your candidates well.

 

Skip questions like:

 

“What are your biggest strengths?”

“What interests you about this position?”

“Why should we hire you?”

 

Make better use of your time by coming to the interview with more thought-provoking and situational questions that give you a better idea of the candidate’s work ethics, background, and history. Fine-tuning your questioning tactics can help you better gauge whether or not the candidate is a good fit for your company.

 

Try out these stellar interview questions:

“How would you describe yourself in 5 words or less?”

“Can you describe a situation where you have gone above and beyond?”

“How will you contribute to this team?”

 

Test your candidates

 

When hiring for a role that requires specific skills, you can assign tests or assignments to job candidates to ensure they meet your standards. These tests offer evidence of the skills candidates mention in their resumes, cover letters and other application materials. For example, a manager hiring a web developer may give candidates an assignment that tests their coding skills or comfort with a specific programming language. If you test candidates on a routine task they would perform, it can offer you insights into their potential job performance.

 

Whatever the job, we cannot overstate the importance of hiring the right employee. If this is your first time hiring an employee, check out MBIE’s approach to Covid-19 Employment by clicking here.

 

 
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TMNZ Knowledge Sharing

Check out the latest blog and updates from one of our Sponsors, TMNZ.

 

Find out more about IR interest rates going up by clicking here and see what solutions are available for your clients. 

 

Check out their other interesting articles on paying Provisional Tax and more!

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Why Join ATAINZ? What's in it for You?

Ensure you are always meeting your obligations as an accounting professional, and continuously learning

 

Belong to an organisation that keeps you accountable, and helps you grow. Put in fitness terms, ATAINZ is like your personal trainer! Gain access to learning opportunities ranging from high-level workshops to mentoring programmes, and a vibrant member network.

 

Take part in ATAINZ learning opportunities, to improve your own business

 

Our world-class workshops and members' forum not only offer the chance to learn about specific topics, but you will also be able to share insights and tools with other professionals who have had or are dealing with similar experiences. Whatever you are dealing with in your business, or are wanting to improve on, ATAINZ can help you.

 

Gain opportunities to directly access high-level decision-makers and be part of the conversation

 

ATAINZ members are often invited to review, challenge, and advise agencies on new initiatives and proposed changes. You will have the chance to provide your practical perspective, to improve outcomes for accounting professionals across New Zealand, as well as the Kiwi businesses we support.

 

Be the best Accountant you can be and create long-lasting success for your business

 

Continually improve the service you deliver to your clients, to help drive their success. In doing so, convert more of your customers into loyal fans, and attract more of your ideal clients. Ongoing learning and business growth helps all of us stay excited about our industry, and ensures our clients grow with us too.

 

Annual Conference 2023

We are pleased to advise that the ATAINZ Board has ratified the date and location for the 2023 Conference.

 

We would like to confirm that the 2023 ATAINZ Conference will be held as follows:

 

When: Friday 3rd & Saturday 4th March 2023

 

Where: Napier War Memorial Centre, Napier

 

Given that Napier is the Art Deco capital of the World, Saturday Night Dinner & Dance will be fancy dress, with some great prizes on offer for the best dressed members!

 

Registrations and further information will be updated shortly.

 
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