Using a manual cashbook is an easy and low cost way to organise your business financial transactions, especially if there's a low to medium volume of transactions to work with. Kiwitax Business Accounting + Cashbook is an affordable, stress-free accounting and tax service which works primarily from your cashbook entries to prepare your tax returns. The service is priced to acknowledge the work you've put into your spreadsheet and is available as either an annual only service or a comprehensive all year-round accounting and tax solution...
One key benefit of the having Kiwitax also prepare your GST returns is reduced pricing on your annual accounts and income tax returns due to transaction data being entered into the ledgers during the year.
This service includes...
Annual Financial Reports
Once the annual accounting is complete business financial reports are created which include a statement of financial performance, statement of financial position, statement of fixed assets & depreciation and owners capital report. These will outline the profit or loss of your business for the year and your business assets and liabilities. From this your income tax returns are then prepared.
Business Annual Accounting
All your annual financial transactions are collected and collated and entered into a general ledger. From there everything is sorted into accounts and checked over. Assets and liabilities are reconciled, tax reducing expenses are claimed resulting in the final net profit or loss for the financial year.
Business Income Tax Returns
If applicable a business income tax return is prepared from the annual financial reports. By this stage all claims have been made to reduce the business income tax and this is prepared in conjunction with any personal income tax returns as required. Once prepared and signed off this is submitted to Inland Revenue for you.
Personal Income Tax Returns
Based on the business annual financial reports and any external income received, personal income tax returns are carefully prepared in conjunction with any business income tax returns ensuring the best possible tax outcome for all concerned. Once prepared and signed off these are submitted to Inland Revenue for you.
GST Returns Prepared (Optional)
Staying on top on your regular tax compliance work can be time consuming and complicated. Kiwitax 1, 2, and 6 monthly GST return services offer an effective GST return service to ensure your returns are prepared correctly and filed on time every time. A easy way to keep up to date with your regular tax compliance leaving you free to focus on your business.
Periodic Trading Reports Prepared (Optional)
As an option periodic reports can be prepared so you can easily see what's happening with your business trading. The reports include an estimated income tax figure based on the current trading results, an easy to understand graph to track your year's performance and various other reports giving a good snapshot of your current business financials.
FBT Returns Prepared (Optional)
If your business has employees and they receive related "perks" such as company vehicles, medical insurance, low interest loans and so on then it's likely Fringe Benefit Tax (FBT) returns will need to be prepared. Kiwitax can look after the preparation and filing of your FBT returns with Inland Revenue and are usually filed 3 or 12 monthly.
Company Annual Returns Prepared (Optional)
For New Zealand incorporated companies an annual company return must be filed with the NZ Companies Office. If this is not done each year by the due date the Companies Office begin proceedings to remove the company from the companies register. Kiwitax can take care of your company annual return ensuring it is prepared properly and submitted on time.
All Year IRD Help & Support
Contacting IRD isn't exactly a favorite with most people - being put on hold and getting the right people on the line can be frustrating. As a Kiwitax client we do it for you! As Tax Agents we have a close working relationship and direct line to Inland Revenue. It's all a complimentary part of the service.
Unlimited Free Tax Advice
Talking with Kiwitax is always free. You are welcome to call, email or pop in when you have any questions or are unsure of anything. It could be a question of can you claim this, how do you do that or what's the best way to structure this - we can help - you just need to ask, we're always happy to help!
This service is best suited to...
Cashbook for Recording Financial Transactions
Your primary method of keeping track of your financial transactions is by entering each transaction into a handwritten manual cashbook. You'll then supply this book to us for your accounting. Ideally your cashbook should be categorised into different income and expense types and the columns totalled for each month.
We regularly receive great feedback from clients, here's some randomly selected testimonials.
Thanks for the great service this year (once again)!!! You’ve answered every query of mine immediately and the entire process was painless. I think it is the excellent communication and collaboration with your clients that makes Kiwitax different, I suppose (even via just email). Will definitely refer you guys to more colleagues and friends. Please pass on my thanks to your team especially Jeremy.
From a previous year...
I have received my tax accounts yesterday - thanks. I have to say I was very pleased with the outcome - it was a pleasant surprise to see that the tax bill was lower than what I had expected - real value for money. Also Kylie, Emma and Margarita, I will not hesitate to recommend your services to my friends and colleagues. You guys are fantastic in your services - be it just advice over email or year-end tax accounting. And to think I have never once met any of you guys face to face over the 4 years we have been doing business! And I remember I spoke to Kylie over phone only once in 2006. Its been so easy dealing with you, on such a complex thing as tax, just over email. If only other services (banking, legal) were like yours!
Everyone I have dealt with at Kiwitax has always been friendly and helpful and this time was no different. You guys are great! Thanks so much for your efficient and timely service.
Rachael Diffey - Cornerstone Construction (HB) Limited
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With fabulous customer service and attractive pricing we can look after your accounting
and tax efficiently and cost effectively. Enjoy personal, friendly service as we
recommend the right service to suit, provide a 100% guaranteed quote and all the
information to get your accounting and tax returns prepared.
100% Satisfaction Guaranteed
Kiwitax services are 100% satisfaction guaranteed. If you're not completely satisfied with our service
please tell us. If we cannot put things right to your satisfaction we will provide a full refund. As a genuinely client focused business with many very happy clients we're positive
Kiwitax services will meet all your expectations.
We're always happy to help and talking with us is always free.
Please ask us