Below are listed the services that we offer to our Clients. Please feel free to contact us if you have any queries regarding these services.
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Business Services |
Specialist Services
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This shows how your business performs compared to your competitors. It shows you if you are spending enough on advertising, paying too much rent or your staff costs are too high.
We can provide you with accurate, timely and informative benchmarking reports - allowing you to:
- See how your business compares against your competitors
- Understand how the rest of your industry works
- Analyse the key performance indicators of your industry
We can then work with you to develop action strategies to improve your bottom line.
Bookkeeping & accounting
Modern business demands up to date accurate financial information. Here we can utilise the most up to date system for keeping your records and turning them into financial information.
We can take care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.
We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.
One of the best tools in producing a good business plan is having a good budget. It is one of the best business tools that allows you to set financial targets and measure your performance.
If you need funding it will improve your chances as financers often require forecasts as a prerequisite for funding approval. Cashflow forecasting helps your business to have the cash it needs, by knowing when the cash cycles occur. Because profit doesn’t pay bills – cash does.
Let us show you how a budget and a cashflow forecast are able to provide feedback to allow you to prepare for the future of your business.
Business start-up
If you have a good idea for a new business venture but don’t have the expertise in the legal and financial aspects of creating a new business we can help you.
If you are starting up in business you should come and talk to us.
We can help you to:
- Decide on the most suitable structure for your business - sole trader, partnership, or limited company
- Prepare a business plan, cashflow projections, budgets, and trading forecasts
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
- Establish a good working relationship with your bank
- Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
- Deal with company secretarial issues
- Set up a recording system for your internal use and for complying with statutory requirements
Have you ever wondered if you are holding too much stock? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month?
We can provide you with accurate, timely and informative cashflow forecasting reports - allowing you to:
- Realise and understand when cash is available
- Plan and prepare for expansion, taxes or other needs
- Analyse and anticipate key expenses
With this information, we'll work with you to develop action strategies to improve your bottom line
Management Consulting
Our aim is to ensure your business achieves the potential it's capable of. We have the know-how and experience to offer advice to help you run your business more effectively.
We are practiced in acting as a sounding board for management, bringing to the relationship years of experience in business growth. We can identify key performance indicators in your business, through which you will see the positive changes occurring with our help.
We are able to check your business is as competitive, focused, and profitable as it can be. We then offer flexible strategies, designed to address the issues affecting your business.
Let us give your business a health check. Take the practical advice we can give to ensure the continual success of your venture.
Payroll Services
Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & employment legislation is growing increasingly complex.
We can relieve you of this burden by providing a confidential payroll service, including:
- Customised payslips
- Administration of PAYE, statutory sick pay, annual leave etc
- Administration of bonuses and termination payments
Let us help you make the right choice when it comes to accounting software.
A decent accounting system will help you keep track of your cashflow and give you the option to complete GST Returns easily.
Choosing the right system for your business can be a difficult one - after all there are over sixty different accounting packages available in New Zealand. The ones we have available are included on the products page.
Strategic planning
The pressures of daily business can often mean strategic planning takes a back seat - but to have a successful business you must plan ahead.
We'll help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve your aims and objectives.
Your strategic plan will:
- Define the characteristics of your company in three to five years
- Identify your competitors
- Define your objectives and financial goals
- Put in place an effective implementation plan to achieve your goals
The rules relating to FBT payments change on a regular basis. At BW Chartered Accountants Limited we keep up to date with the world of tax and are able to give advice on the preparation of FBT returns.
We are also able to advise on the FBT consequences of proposals you intend to make, allowing you to make fully informed decisions.
GST
We are able to offer accurate, timely assistance in a number of areas. These include:
- Registration queries
- Preparation of GST returns
- Filing and adjusting GST returns
- IRD audit assistance
- Specialist events involving GST - eg sale or purchase of property
Taxation
At BW Chartered Accountants Limited we offer a full range of Taxation Services. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.
Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.
We provide a complete service of help and advice in all of the following areas:
- Preparation of personal, partnership, trust & company tax returns and advice on payment of tax
- GST/FBT and PAYE obligations
- Advice on and implementation of tax effective trust structures for asset protection and tax minimisation
- Management of any IRD Audits or disputes
- Management of your Tax Account with the Inland Revenue Department
Company Secretary
Company legislation requires businesses to perform many administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you are complying with the Companies Act 1993.
The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.
At BW Chartered Accountants Limited we are able to relieve this burden for you. Our services include:
General advice on company law
Company formations
- Filing of annual returns on your behalf
- Preparation of all documentation related to minutes and resolutions
- Maintenance of statutory books
- Assistance in changes of directors, shareholders, addresses, and office details
- Bonus Issues
- Share transfers
- Registered Office facility
Information Technology
We live in a computerised age. Technology enables us to enhance a wide variety of business processes. Effective use of software and hardware can provide enormous benefits to your business.
Here at BW Chartered Accountants Limited we have embraced the world of computerised systems, and as such, we are able to:
Discuss with you the best system to implement to best help your business
- Install and configure software to suit your purposes
- Recommend processes to make your computer system more secure
- Suggest accounting software applications suitable for your business
- Train Clients to be self-sufficient users of a variety of software
- Offer advice on electronic banking
Whether you are contemplating the addition of new computer hardware, or looking at completely changing your business systems, our trained staff are able to assist you.
Rental Properties
At BW Chartered Accountants Limited we have the necessary expertise to assist in a variety of areas in relation to residential and commercial property.
The services we offer our clients include:
- Advice on the purchasing of a property
- Advice on funding
- Guidance in tax minimisation
- Advice on ownership structure
- Periodic reviews to ensure returns are maximised
Contact us today for more information on how we are able to assist you in the business of rental properties.
Selling a Business
Selling a business can be a difficult, often disheartening time. Here at BW Chartered Accountants Limited we are able to help relieve that stress for you.
The services we provide in relation to organising the selling of a business include:
- Compiling information to provide to potential buyers
- Help establish a realistic sale price
- Help negotiate with potential purchasers
- Drafting a contract for sale and purchase
Our friendly and professional staff are able to assist in such a way that a maximum return for your business can be achieved.
Succession Planning
In ensuring the long term success of your business, it is critical to establish a well-designed succession plan. Co-ordination of the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, taking the stress off your shoulders. We have been through this here, Peta was Ralphs succession plan.
Contact us for more information on forming a plan that allows for a hassle free continuation of your business.
Trusts
A trust provides a valuable way of protecting the assets you have accumulated for the benefit of others.
We have extensive experience and so are able to offer specialist advice on Trust formation, ensuring all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in Trust administration will be invaluable.
We are able to:
- Discuss your requirements with you and liaise with your lawyer regarding the preparation and execution of the Trust Deed and execute the vital documentation involved in Trust formation
- Attend to the special requirements involved in reporting for Trusts
- Trust administration
- Minute keeping service
- Annual accounts
- Taxation
- Asset management
- Investment monitoring
- Income distribution
Contact us today to ensure your trust is as formed and administered as effectively as possible, covering all legal requirements and so allowing it to fulfill its purpose.
Estate Planning
As unpleasant as the task is, estate planning is one of the necessities in life. It allows peace of mind knowing your hard earned assets will be dealt with in the manner you choose.
For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity.
The executor and trustee of a will is required to perform a number of duties. At BW Chartered Accountants Limited we are experienced in estate planning, and can guarantee the succession plan for your assets will be held to.
The areas involved in estate administration we are able to assist with include:
- Meeting to discuss objectives for your estate
- Confirming assets - valuations, inventories, appraisals
- Court approval for a grant of administration
- Documentation involved in estate planning
- Protecting the assets
- Paying taxes and debts
- Estate distribution
- Administration Act
Human Resources
The most valuable asset in your business is your staff. In recognition of this, and in line with our desire to help you make the most of your business, we can help with HR consulting.
- Employment Relations
Includes advice on employment agreements, employment legislation, and employee policies and procedures. - Health & Safety
Includes assistance with the implementation of systems to ensure compliance with legislation, training on health and safety, and assistance with ACC audits. - Recruitment & Selection
Includes assistance with advertising for employees, shortlisting and interviewing, reference checking. - Remuneration
Includes support in administering the payroll, advice on remuneration levels, and guidance with incentive and bonus schemes. - Performance Management
Includes assistance in identifying performance measurement criteria, training in how to carry out performance appraisals, guidance for managers in dealing with non-performance problems. - Strategic HR
Involves aligning HR strategies with business objectives to ensure the development of a team to drive the improvement of business performance.
Retirement Planning
To achieve a comfortable retirement requires forward planning. You need to consider such things as when you will retire, how much income will be required to allow the retirement you desire, how to acquire that income, and what role the government will play.
The friendly team at BW Chartered Accountants Limited can help you answer these questions and plan for the relaxing retirement that you've earned.
