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May 2011

Welcome to BJK Accountants Monthly Newsletter

 

Here at BJK Accountants we endeavor to keep our clients up to date with current issues, and provide information on areas which impact on our clients business. To that end we are launching our monthly newsletter, containing topical and informative articles, advice and guidance.

 

We hope you enjoy reading this and all future newsletters from BJK Accountants, and please forward to any friends or colleagues, whom you think would find it useful. If there are any specific topics you would like to see covered in coming months, please contact us with details.

 

Please also visit us at www.bjk.ie for more information on how we can help you grow a successful business.

First Impressions Count!

We've heard it before and we know it's true; a customer's first impression of your business weighs heavily on their decision to buy from you, or not, as the case may be. The telephone is the first point of contact for you with many of your customers so what first impression does your telephone etiquette give to your customers?

 

Here are a couple of things to keep in mind to make your first impression a great one:

 

·         Don't say your business name first.  Start with "Good morning/ good afternoon...." or "Thank you for calling...." This gives the caller just enough time to start listening.

·         Remove the word "busy" from your vocabulary forever.  The telephone will stop ringing if your customers are always getting the message, "Sorry they're busy at the moment". Don't make them feel as if they are an interruption.

·         Enthusiasm. It is important to convey enthusiasm throughout the phone call. Be positive (don't overdo it though) and you will find that you get a positive reaction from the person on the other end of the line. Remember to smile - despite the fact that you are on the phone, the other person can hear if you are smiling in the way you speak. Subconsciously they will detect this and react more positively to you.

·         Don't screen calls.  We all dislike the pesky telesales people but are your customers also getting the third degree when they call?  If you have to screen, maybe try "Can I let them know who is calling?" Remember, there's nothing wrong with politely asking to be removed from their telephone list if it is a salesperson.

·         Can somebody else help?  Often people on the front line can answer the majority of questions your customers are asking, but are just used to transferring the call.  Empower your people to ask, "Is there something I can help you with?" They will be able to handle the bulk of the calls and you will get fewer interruptions. If they can't answer the question, a simple, "I'm sorry, Janet is the best person to talk about that, let me take a message" is fine.

·         Create an internal standard for returning calls.  When should your customers expect you to return their call - the same day, within 24 hours? Your customers will appreciate it greatly if you let them know.

·         Thank people for holding.  We don't thank our customers enough.  A simple "Thank you for holding" sends them a strong message that you value them as a customer.

·         And finally, get rid of on-hold music.  Instead, have a recording that promotes your products and services made.  It's a great way to cross sell to your customers.

 

Make your first impression count and you'll enjoy converting more prospects into customers and selling more to current customers.

Refer A Friend 

 

We are continuing to expand our client base, and appreciate all referrals made by current clients. Should any further friends, family or colleagues be interested in availing of our services, please forward them the letter below,   

 

 

Referral Letter

 

 

Competition Time! 

  
As a sincere thank you for your continued business, we will award the winner of our competition the prize of a selection of fine wines.


To enter, just answer the following question:

How many years have BJK Accountants been helping clients grow their businesses?


Please email your answer to info@bjk.ie before midnight on Friday, 20th May, 2011.

 

 

  

Winner will be announced in our next newsletter.

 

 

 

 

 

Issue: 1

In This Issue
First Impressions Count!
Competition Time
Important Revenue Deadline
Important Revenue Deadline 
.

In accordance with Section 787P(2), TCA 1997, anyone with pension benefits with a capital value of over €2.3 million at 07/12/2010 has until 07/06/2011 to apply for a Personal Fund Threshold (PFT) Certificate. Anyone who misses this deadline faces substantial additional taxation when they retire. Bearing in mind that an application for the PFT Certificate involves gathering details of all pension arrangements, often from a variety of sources, anyone who may need a PFT Certificate should be taking action now.

 

Who does this affect?

·         Anyone in a Defined Benefit scheme with an expectation of a pension of €115,000 per year or more, before lump sum entitlements.

·         Any Public Servants with an expectation of a pension of €100,000 per year or more.

·         Anyone in either of the above categories with a lower pension entitlement but with additional pension funds from other sources, e.g. AVCs, RACs, pensions from previous employments etc.

·         Anyone with Defined Contribution pension funds totalling more than €2.3 million at 07/12/2010.

 

What happens if the June deadline is missed?

After 07/06/2011, anyone who retires with pension benefits with a capital value of greater than €2.3 million, who does not have a PFT Certificate, will be taxed on the excess over €2.3 million at 41%. This is an additional tax, over and above the normal taxes that will apply to drawdown of pension funds. So an individual who retires with a pension fund of €3 million and no PFT Certificate will pay €287,000 in tax before drawing their pension benefits in a normal way.

 

For further information or guidance please contact us as soon as possible on 01-2352318 or email info@bjk.ie.

 

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BJK Accountants

Tel: 01 - 2352318