New Business Accountant New Zealand
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New Business Accountant in Auckland, New Zealand.
New Business Accountant in Auckland, New Zealand.
Starting a new business? We’ll set you on the right track!
It is a reported 2017 statistic from the ANZ Bank at its “BIZ Hub” Training seminars that 89% of businesses fail in the first year. This is a startling statistic. The question then remains; what are the other 11% of people doing that makes them succeed? Come talk to us and find out.
We at Citywide business Accountants Auckland aim to help you along the path to success. We can help you work out a financial strategy and sustainable growth plans as well as projections for your new business in New Zealand. Whether you are starting a business from scratch, or buying an existing business, talking to a professional and getting advice from the people who have been-there and done-that is always a good idea.
When buying a new business it is a good idea to involve an accountant in your Due Diligence period. As experienced business accountants, we can help you form an opinion on whether the business accounts look fair and reasonable, and help you know all the things you need to know before investing. We can also help you with a New Zealand New Business Acquisition Due Diligence Checklist.
There are a number of links and resources available on our website to help you research and plan for a potential business venture. Most banks and government agencies have web pages dedicated to NZ New business start-up assistance. We recommend the ANZ Biz Hub website. They have valuable free seminars for ANZ business customers. The seminars are full of information and a great place to start.
Questions to Consider: Once you are ready to start a business it can be hard to know where to begin and what the best options are. Most of the time the right setup from the start will save you time and money in the long run. It is good to think about:
- What type of business structure you want to choose. Sole Trader, a Company, a Trust, or a more complicated NZ business accounting structure combining them? This choice will always be a trade-off between cost, tax reduction and asset protection.
- What tax structure to choose. We can explain the accounting implications on New Zealand GST, PAYE and income tax.
- How you plan to keep track of your finances. What about bank accounts? Do you need an accounting package?
Your New Business Accountant in New Zealand: Call us for an appointment on 09 299 1000 or 027 565 8101
At Citywide Accountants, we will work with you to form the most suitable new business accounting structure to meet your needs at the best possible cost.
- We can provide you with the ideas and tools to help ensure that you meet all your tax and legal obligations in a practical and helpful manner.
- We can assist you in finding a good accounting package to fit your needs and budget.
We can also give advice on the best New Zealand tax accounting structure for optimal tax benefits and can work with a business lawyer to make sure you have the best legal protection in your new business.
- Regular financial reviews and cash flow management are very important. What gets measured gets actioned!
- Key performance indicators (KPIs) and comparison to other accounts in the same industry can give an idea of how your new business in New Zealand is doing and can guide in decisions for investing, spending and business direction.
It is important to ensure that you are well informed and equipped with all the tools you need to assist in a smooth start. Citywide Accountants Auckland would love to be part of your new venture in New Zealand: Click here to contact us or Call Gurpreet on 09 299 1000
Call Gurpreet for an appointment before setting up your business:
Call 09 299 1000
Are you ready to start your new business and need accountant services?
Questions to Consider: Once you are ready to start a business it can be hard to know where to begin, and to know what the best options are. Most of the time the right setup from the start will save you in the long run. It is good to think about:
- What type of business structure am going to choose; Sole trader, Company, Trust, or a more complicated NZ business accounting structure combining them? This choice will always be a trade-off between cost, tax reduction and asset protection.
- What tax structure do I choose and what are the accounting implications on New Zealand gst, PAYE and income tax.
- What steps are involved forming a New company. Do I need a new business accountant or solicitor?
- How do I keep track of my financials? What about bank accounts? Do need an accounting package?
- Do I need assistance? A business coach?
- Do I need to join Chamber of commerce, a professional organisation or a business group?
- Is a franchise a good way to start for myself and what do I have to pay attention to with franchises? It is always good to get your own independent accounting advice.
Your New Business Accountant in New Zealand: Call us for an appointment on 09 299 1000
Starting New Business Accounting, Auckland, New Zealand
At Citywide Accountants Auckland we will work with you to form the most suitable new business accounting structure to meet your needs at the best possible cost. That is where our experience giving accountant advice to lots of small businesses will help.
- We can provide you with the ideas and tools to help ensure that you meet all your tax and legal obligations in practical and helpful manner.
- We can assist you in finding a good accounting package to fit your needs and budget as a small new business.
- We will also provide you with some training to get you started.
- Help on the software and how to gain the most from the chosen system to benefit you and your new New Zealand business.
- We are also here to help with feasibility, new business growth and planning.
If you are buying an existing business, it is good to seek advice as to whether it is a worthwhile venture to purchase and if the price is reasonable. We can also give advice on the best New Zealand tax accounting structure for optimal tax benefit and can work with a new business lawyer to make sure you have the best legal protection in your new business. Come and have a chat to us in our accounting practice in the hart of Manurewa, South Auckland. Please make sure you have an adequate due diligence period to consult with your industry specialists, solicitor and business accountant to verify the New business information handed to you. Our Auckland based accountants are here to provide you with advice and help understand and interpret the financial reports and accounts to provide an insight as to the new business’ financial viability. Long term accounting and business assistance and guidance after you acquired your New Zealand new business:
- Regular Financial reviews are very important. What gets measured gets action-ed!
- Key performance indicators and comparison to other accounts in the same industry give an idea how your new business in New Zealand is doing and guide in decisions for investing, spending and business direction.
- Cashflow and cashflow-prediction is a fundamental and important part of the accounts of any new and ongoing business management.