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In This Issue
Revenue Crackdown
Marketing Tips
Staff that Smile!

TIPS FOR A KILLER MARKETING CAMPAIGN

 

 

Learn from the mistakes and successes of your competitors - Watch what your competitors are doing and learn from it. They may be advertising everywhere but it may not be enough to win them new business. Your marketing does not necessarily have to centre on traditional advertising.  Sometimes, more subtle approaches such as email marketing, direct mail or even blogging via Twitter can prove more targeted and yield better results than buying expensive advertisements.

 

Target the right audience - Identifying the segments of the market that are worth targeting is the key to developing a marketing campaign that yields results. Monitor trends in your particular business sector and develop strategies to target those clients who spend more on your type of product or service. Alternatively, you may decide to go with a low cost strategy and focus on selling large volumes. The key is to market your product or service to an audience that will be receptive to your sales proposition.

 

It's cheaper to sell to an existing client than it is to win a new client - There is a "cost of acquisition" associated with winning new clients. Whether you need to offer a discount for the first year or take corporate contacts to a rugby match in order to close a deal, there is a cost associated with winning that new piece of business. Existing clients have already demonstrated that they are willing to do business with you. These clients should be targeted for either a repeat sale or a cross sale of one of your additional products or services which they have not yet purchased.

 

Build your database - Effective marketing campaigns require mailing lists, email addresses and telephone numbers. New contacts should be added to your database in order that they receive future special offers, newsletters or invitations to events. No matter what type of marketing campaigns you wish to engage in, you need to track client contact information so that you or your sales team can easily follow up and close the sale.

 

 


 

August 2011

Summer, or slightly warmer spring as we know it, is coming to an end. We hope you all took some time out to relax and recharge!

 

For many of you we are now entering the most important, and often most stressful time of the tax year, as the income tax deadline approaches. Remember we are always here to help. Should you have any queries or concerns, never hesitate to contact us.

 

The Team at BJK Accountants 

 

Income Tax Preliminary Tax Crackdown

As you all know, it is a legal requirement under the Tax Law in Ireland to pay income tax preliminary tax each year when submitting your income tax return to Revenue. However, up to recently this was not strictly enforced by Revenue Commissioners and many people felt that this requirement could be neglected. Unfortunately, recent Revenue activity has left many people with a very sour taste in their mouths, as they have been issued demands of late interest to be paid on the underpayments of preliminary tax. It is expected that this practice will continue and those who have not complied with preliminary tax requirements will be penalised quite heavily.

 

We wish to remind to all our clients that the income tax preliminary tax falls due the same date when your income tax liability for the preceding year and the amount to be paid is determined by one of the following methods:

 

·        90% of the final liability for the year in question, being 2011

·        100% of the final liability for the preceding year, being 2010

·        105% of your tax liability for the pre-preceding year of 2009

 

Pay the tax and avoid the interest charged! 

 

 

Happy Staff

 

Now more than ever, employers are realising that happy, motivated staff can be the key to a productive and successful workplace. It can make all the difference knowing your business is in good, caring hands. As promised here is another tip to help keep your staff working hard for you!

 

No.2: Keep Training Your Staff

In today's fast-paced business environment it is important to keep your staff up to date with the latest technologies, methodologies and developments in their industry. Whether this consists of formal continuous professional development (CPD) training or informal ad-hoc training sessions, keeping your staff up to date is imperative to the success of your firm. Your employees will be less productive than your competitors' employees if they do not keep up with industry developments. In addition, your staff will feel valued if the company invests in training and CPD. Your people are your business's most valuable asset and if trained to a high level they will assist your business in achieving its goals. Although there are many factors that can lead to success or failure for any business, the way you manage and treat your employees can make a significant difference in the long run. 

 

 Friends In Need?

 

 

Do you have friends, family or associates who are confused or unsure about their requirements for the upcoming income tax deadline? If so, please ask them to contact us and we will be happy to help in any way we can. They can also go to our website www.bjk.ie, submit a query, and we will call them back.

 

Do also forward this newsletter to anyone whom you think would be interested in the topics covered, or would like to join our mailing list for future issues.

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