Accounting Plus is for businesses and individuals who want to significantly improve their financial results. Accounting Plus requires a level of commitment and input from business owners. If you meet the criteria, Accounting North looks forward to working with you to improve your financial results.
Our list of services is by no means exhaustive. Please contact one of the team at Accounting North for advice and services tailored to your business needs.
|General Outcome Required||Services (for example)|
Accounting Plus includes all of the services
in Accounting Basic as well as additional
services for the outcomes below.
For Accounting Basic services, click here.
Financial Statements and Tax Returns
Companies Office Administration
Family Trust Administration
|I want to grow revenue & wealth||
|I need to improve cash flow||Cashflow Forecasting|
|I want to protect my assets||Family Trusts|
|I want to optimise my tax||Tax Restructuring|
|I need help with succession planning||
Selling a business
|I want to plan for financial retirement||Retirement Planning|
The setting of the budget is a key business planning tool. A budget will allow financial targets to be set and performance to be measured. The budget is a key component to ensure accountability for performance. Budgets may also improve your chances of obtaining funding as forecasts are often required for funding approval. Budgeting should also allow you to consider the impact of various future scenarios. Top
We often hear questions such as “How can I do this better?” or “How can I run my business more effectively?” We will work with you to highlight areas in your business that could be improved, put plans in place for improvement and measure these improvements through key performance indicators. Fine tuning your business will ensure it is as competitive, focused and profitable as possible. Top
“What Accounting software is best for my business?” This really depends on the information you want from your system. As a minimum, it needs to be a system that you find easy to work with. It needs to prepare your GST returns simply and provide the core information on which to produce your financial statements. There are many accounting packages available in New Zealand. Choosing the right package for you can be a difficult decision and costly if you get it wrong. We are trained in a variety of packages and will be able to work with you to find a system that will best suit your needs. Talk to us today.
Where do you want your business to be in 5 years’ time? Can you see how it looks? Planning ahead is often overlooked as you juggle the day-to-day tasks of running your business. We can work with you to help you define the future direction or strategy for your business by considering questions such as “What does your business do?”, “Who do you do it for?” and “What is your unique defining point?” Once you have determined your strategic plan we can then work with you to help you and your team decide exactly how you will achieve these strategies. Top
Raising finance for business expansion or short-term cashflow needs can be difficult. In many cases, the banks or finance companies will require the input of your Chartered Accountant in providing financial statements and cashflow projections. Banks and finance companies require the information to be presented in a certain way and we are used to that. In addition, we have business contacts at all the banks and many finance companies which allows us to refer you to the appropriate lender. Top
Buying a business is one of the biggest decisions a person makes and can be an extremely stressful process. You need a team of professional advisors around you to assist in the process. You will have many questions including:
- Am I buying a good business?
- Is it the right business for me?
- What is the value of the business?
- Can I afford it?
Working with Accounting North and your other advisors means you will make the most informed decision possible. We can provide:
- Due diligence services
- Prepare financial forecasts
- Advise on financing
- Advise on correct business structures
- Assist with the development of a business plan.
How much is your business worth? This is a really important question if the sale of your business is supposed to provide your retirement nest-egg. A valuation will let you know
- the value of the business now and
- the issues you need to work on to increase value.
Cashflow management is key in the financial management of any business. Businesses need to forecast their cashflow to understand the peaks and troughs in the business and to ensure they have sufficient funds to meet all liabilities. Accounting North can provide you with easy to understand cashflow forecasting reports so that you can understand the cashflow of your business. More importantly, this will allow you to implement cashflow improvement strategies in your business. Contact us for more information. Top
A Family Trust can be used to protect assets by acting as a buffer between the risks of the world and the assets you have accumulated. By transferring and gifting your assets into a well-structured Trust, you can gain a significant measure of protection. The protection offered by a Trust can fail if the Trust is not structured correctly at the start or is not subsequently administered properly. Accounting North can assist with:
- Preparing the Trust Deed and associated documents
- Preparing the financial statements and tax returns for the Trust
- Ongoing Trust administration
Everyone has to pay tax – how much is the question. No one wants to pay more than they have to. We can help you manage and minimise your tax commitments (within the law). Tax Structuring Accounting North will work with you to ensure that you are correctly structured for tax purposes. Structuring your business and personal affairs should be seen as an investment rather than a cost. For example, what is the year on year benefit to you of ensuring your loans are structured to allow interest to be a tax deductible expense. Anytime you make a business decision, there will be a tax consequence. At the very least, you should ring us to find out if it’s simple and straightforward or whether the matter needs to be looked at further. It will give you peace of mind. Top
You need to develop a succession plan for your business. This succession plan will identify the issues you need to work on to get your business in the best condition for sale – this process may take several years. This planning will help you minimise the difficulties and stress involved with selling a business. This will enable you to maximise the value of your business when you come to sell it. We can help you address the many issues involved in this process. Contact us for more information. Top
Even if your retirement if a long way off, the financial decisions you make today can have a major effect on your future lifestyle. So plan now!
- What are your goals in retirement?
- When is retirement for you?
- How much money will you need?
- Where will this money come from?
If you need assistance in creating a financial plan or investment of funds, we can recommend you to a number of financial advisors. Top