eep Calm and Carry On - it's only Christmas It's never too late to be prepared for Christmas so check off these 12 days of Business Christmas: 1. Annual Closedown give your staff at least 14 days' notice. They are entitled to be paid for the public holidays that occur during a closedown 2. Extra Staff- if you take on casual staff they will still need employment agreements 3. Tax: Staff Christmas functions are 50% tax deductible and staff/client gifts are 100% tax deductible 4. Keeping it Open If you're staying open plan your rosters well in advance. Allocate someone to take on the "must-do" obs Tell your Customers what vour seasonal hours will be Managing Stock - Prepare a forecast of stock usage and arrange any flexible stock fulfilment options available Cash flow - Start planning so you're not caught by surprise having to pay holiday pay, November GST and provisional tax on 15 January PAYE on 20 January 5. 6. 7. 8. Bargains at the Sales Consider the impact that discounting will have on your profit and on your customers' impression of the value of your products and services 9. Existing Customers consider who your best customers are and how you 10. New Customers how are you going to attract new customers? What is 11. New Year's Resolutions - Reflect on the year that's been then look ahead to can make them even better! your point of difference? 2019 Set some goals 12. Taking Time Out Make sure you get out of the workplace somehow If you must keep any eye on things, then Xero can keep you in touch Philippa O'Mara And remember Keep Calm, it's only ChristmasC If you would like to find out whether your business' vital signs are healthy, call Philippa on 09 238 5939