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SERVICES

YOUR SUCCESS

 

We undertake to help you to:

 

  • Achieve profit & pay the minimum amount of tax;

  • Enhance the value of your business;

  • Comply with relevant business legislation;

  • Protect your important assets;

  • Adopt prudent financial management practices;

  • Increase your leisure time, free yourself from worry & extend your life (Well, we'll do our best on that one).

 

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SOLUTIONS

 

Services we offer:

 

  • Monthly & Annual Accounts;

  • Returns for Income Tax, GST, PAYE, ACC, FBT and all other tax types;

  • Cashflow Forecasts & Budgets;

  • Business start-ups, purchases and sales;

  • Accounting Systems advice, XERO;

  • Company Formation & Dissolution;

  • and more.

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Good record-keeping systems result in:

 

  • Accurate financial information;
  • Correct calculation of taxes payable;
  • Better funding support from your bank;
  • Fewer IRD Audits;
  • More attractiveness to potential buyers of your business;
  • Lower accounting fees;
  • A happier management team!
  • CLICK for BUSINESS TIPS FROM IRD

XERO
CERT.

GST AND GIFTS TO CLIENTS

 

The rule of thumb with gifts is that if they consist of food or drink, you can only claim 50% of the expense as a tax deduction. If you are giving out gift baskets or hampers and some of the contents are food or drink, but not all, the food or drink items are 50% deductible but the other gift items are 100% deductible. When you come to claim the tax deduction, you will need to apportion the expense between the 100% deductible items and the 50% deductible items.

 

If your Christmas giving includes gifts to clients, remember that some gifts will be fully deductible while others will be only 50% deductible. Use these examples as a guide.

50% deductible

  • Bottle of wine or six pack of beer

  • Meal Voucher

  • Basket of gourmet food

  • Box of chocolates/biscuits

  • Christmas ham

 

100% deductible

  • Calendar

  • Book or gift voucher

  • Tickets to a rugby game (but not corporate box entertaining)

  • Movie tickets

  • Presents (not food or drink)

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