FAQ’s

It’s always hard knowing what questions to ask, why you should ask them and who to ask them to. So we’ve helped you out with a few FAQ’s from our clients.

What are your most popular services offered?

Our ‘Get Outside’ and ‘Free Yourself’ services are our most popular for trading Companies – each fixed fee package can be tweaked to suit what your business needs at any given time. Check out our packages here.

Do you offer a free initial consultation?

We sure do! Our initial consultation is completely free. We offer 4 meeting options for new clients, including 15, 30- and 60-minute slots, with your choice of team member. The consultation is aimed to gather a deeper understanding of your business, where you want it go and how we can help you get there.

Who will be acting as my Accountant?

We all have different roles here at Outside, so this means there may be a few of us dabbling in your accounts throughout the year. However, you will most likely be communicating with Harriet, Tom or Cam. To get to know the rest of the team, check out the ‘Meet Us’ section of the website.

Should I be a fixed fee or time cost client?

Either way, our clients get the same awesome service. It really depends on the type of business you’re in, the level of support you’re after, and a bit of personal preference. Our fixed fee packages are popular for businesses who want access to us on tap for all their Xero, compliance, and general business queries. It also encourages clients to pick up the phone and have a chat without the fear of the clock ticking in the background. The fixed monthly fees also give clients a level of certainty in fees and helps to smooth cashflow throughout the year.

What are your credentials as a team?

Out of our team of eight, there are five brilliant, fully qualified Chartered Accountants and one in the making. We are also lucky to have an Accountant based in the Philippines. Outside is also very proudly a Xero Platinum Partner, and the team are Xero certified.

How do I transfer from my previous Accountant?

When we have a signed letter of authority from you (and any associated entities), we’ll fire off a professional clearance letter to your previous accountant. This asks if there is any reason we should not act on your behalf. Once they’ve ticked you off, they’ll send over all prior year records, access to any subscriptions (e.g. Xero), and done!

How much would a Xero subscription cost?

The price of Xero ranges depending on what plan you’re wanting to get your hands on. The simplest of plans starts at around $16 to around $70 for premium. These prices vary depending on any add-ons that might be necessary. If you’re struggling with what plan would be suitable to your business, don’t stress, we’ll go through it with you in the initial consultation. You can also check out pricing plans on the website here.

How would a Xero subscription benefit me?

A Xero platform enables us as accountants and bookkeepers to have a greater insight into your business’ data in real-time. This is incredibly helpful for us to access important information and respond quickly to every need. Xero subscriptions also makes it easier to view your business information and communicate with us as your Accountants!

What is my tax rate/ how do I find this out?

Tax codes are required if you receive a salary, wages, interest, dividends or any other income that is taxed before you’re paid. Tax codes vary depending on what type of income you receive, what residency status you have i and the bracket amount your income would fall under (as well as other factors). To find out what tax code you’re on, log into your ‘my IRD’ account. If you think you may be on the wrong tax code, don’t worry, IRD will inform you of this, where you should then inform your employer. To work out your tax code, click here.

Do I need to register for GST?

You must register for GST if you carry taxable activity and your turnover was $60 000 or more in the last 12 months or will be in the next 12 months (however you could be exempt  in some circumstances). If you’re stuck with registering your business for GST, we’re more than happy to help. If you’re already registered for GST and are looking for help regarding your GST return, we’re your guys!

Should I be on a Payments/Invoice basis and 2 monthly/6 monthly?

This can often be tricky to figure out alone, so here’s the low down:

Essentially, your accounting basis determines when you owe GST on sales (and when you can claim it on expenses). A Payments basis is used when you owe GST on a sale when you receive payment from a customer. Whereas an Invoice Basis is when you owe GST on a sale when you raise an invoice or when you get paid, whichever comes first.

There are also three filing frequency options to consider for GST:

Monthly- This is for businesses with more than $24 million in yearly turnover

Two-Monthly- Most small businesses are expected to file two monthly.

Six-Monthly- This is for businesses with an annual turnover is less than $500 000.

If you’re still a bit confused, check out IRD’s information page on GST registration. Otherwise, we’ll talk this through with you during our initial consultation.

How do I set up a company?

You can incorporate a company at the companies office. If you would like us to incorporate a company for you, we would be more than happy to do this. We even provide registered office services including holding the share register which is required by law. Get in touch with us!

Should I employ or contract staff?

The decision is situation specific, and we’re happy to talk through the type of team member you’re after – as a general rule, we would suggest you err on the side of caution and if there’s any doubt make them an employee. The backlash from getting it wrong from the get go can be rather costly! In any case, we can suggest payroll solutions that ensure you are fully compliant with IRD and remove the headache of process payrolls and filing with IRD. There’s a great support page by Employment NZ that talks through the nitty gritty of the differences between a contractor vs. employee – instead of re-writing it, check out the link for you to have a read.

Can I offset losses against other income?

It depends on where the income and losses are earned – if you are a trading business, a contractor, or similar, and make a taxable loss (this is when your deductible expenses are greater than your revenue) you can bring this forward to the following tax year. This means income earned in the next tax year is offset (partially or in full) by the loss made previously.

In saying this, there are some pretty clear cut limitations to this – most recently, from the 2020 tax year onwards, losses incurred from rental income are unable to be used to offset other income you’ve earned. For a Company to carry losses forward to offset future earnings, shareholder continuity needs to remain at 49%. It’s best to get in touch so we can look at the big picture and give the best advice to be the most tax efficient!

Do you recommend a payroll system?

We have clients on a range of different payroll providers from Cafés to Builders. Some of the payroll systems our clients use include Xero Payroll, Flexitime and Thankyou Payroll. Get in touch with your go-to at Outside to see what one would be best suited for your needs.

That’s all from us-

If you have any burning questions we haven’t managed to answer in our FAQ’s, flick us an email: hey@outsideaccounting.co.nz or book a time to catch up with us!

Need more of an insight into what we’re about? Check out our Facebook, Instagram and Linkedin Pages.

Meet Us

Passion. Energy. Commitment. More than your stereotypical accountant.

Wellington-Accountants

TOM NAYLOR

If it’s even slightly edible, Tom’s eaten it

Questionable food connoisseur, with the metabolism of a hyper-active child, Tom manages to move at a million miles an hour towards fun and success, while oozing a cool, calm, collected nature.

With plenty of brains above his shoulders and more drive than a supercharged mustang, Tom’s going places and it’s impossible not to be inspired.

Tom has built a wealth of knowledge around the best in’s and out’s of property dealings and has a keen eye for promising start-up businesses.

Like building a great sandwich, Tom also knows how best to structure ventures to extract maximum returns while minimising risk exposure.

Away from the desk, hockey, tennis, squash and, as mentioned above, anything that can be consumed, dominate this man’s life.

M: 027 370 2319
P: 04 889 2975


tom@outsideaccounting.co.nz

Wellington-Accountants

CAMERON GOLDSMID

You could plug into the energy this fella puts out

Never in one place very long, but leaving a lasting impression everywhere he goes, this Feilding lad is full of beans and always up for a challenge.

When he’s not 100 mile an hour swimming, cycling, running, or another crazy adventure, Cameron is injecting life to accounting.

With energy and enthusiasm to burn, Cameron is constantly looking for efficiency gains and value-add opportunities for clients.

A knack for problem solving and a mind that’s forever challenging the status quo; Cameron couples his good-old-fashioned kiwi ethics with the latest technology advances to deliver an experience like no other.

Success breeds success, so set yourself up an opportunity to plug into this fella’s enthusiasm and expertise.

M: 027 366 2272
P: 04 889 2975


cameron@outsideaccounting.co.nz 



 

Accountants-Wellington

HARRIET SMITH

Walking talking sunshine
Client Advisor

Harri, as you’ll soon know her, is always sporting a smile to light up the day.

This outgoing young leader has a vast knowledge of everything payroll and her passion for understanding the bigger picture means she offers holistic advice with no missing pieces.

As if this wasn’t enough, we’re sure she’s capable of eating Wellington out of fruit. Hailing from Auckland, but a local these days, Harri is well networked and keen to get involved in everything!

M: 021 264 0983
P: 04 889 2975


harriet@outsideaccounting.co.nz 

Accountants-Wellington

MACKENZIE MANATON

A good keen man
Senior Accountant

The young fella from the far north, Mackenzie is your practical kiwi bloke.

Mackenzie is a switched-on campaigner with an eye for detail that sees right to the heart of what makes businesses tick. Mackenzie’s systematic and analytical approach supported by the latest technology quickly projects clarity on what exactly is going on.

While not out hunting or playing football, Mackenzie is likely enjoying a couple of quiets he’s brewed himself.

M: 021 064 5708
P: 04 889 2975


mackenzie@outsideaccounting.co.nz

Accountants-Wellington

LOUISE HOSEGOOD

Our sharp shooter
Senior Accountant

Initially an auditor, before coming to her senses and moving to more exciting offerings of accounting, she’s a meticulous knowledge-base.

Louise’s conservative approach, grounded by strong ethics and a solid grasp on ever-changing rules and regulations, delivers reassuring advice to clients.

With a passion for travel and well graffiti-ed passport, she’s our good-looking version of Encyclopedia Britannica.

M: 021 806 009
P: 04 889 2975


louise@outsideaccounting.co.nz

ANGUS MACDONALD

South Islander.
Accountant

Hailing from the land of great southern men, this three star fella has a bloody good head on his shoulders.

If his TAB account is a reflection of his skills with numbers, odds are, this guy is talented.

Speights and TAB aside, Gus is developing into a fine young Chartered Accountant. His methodical approach to learning and considered challenge to norms means he innovates for efficiency and consistency.

M: 027 777 7807
P: 04 889 2975


angus@outsideaccounting.co.nz 


 

Wellington-Accountants

JAN CORDERO

Tech Whizz
Accountant

The five-foot-and-change cool campaigner.

Give Jan a spreadsheet and his shortcut keys will leave you in awe, seriously. Jan is a family man with a big heart and driving ambition.

Outside the office his passions extend to beer, bikes (of the push kind) and trying anything new, at least once.


jan@outsideaccounting.co.nz

Daisy-White

DAISY WHITE

A bouquet of enthusiasm
Administration

Popping in and out during the working week, Daisy is the master of our administration.

When not refining our internal processes and keeping us all on our toes, she’s acing an accounting and marketing degree at Victoria University. Word is she’s also a bit of an ace at tennis, which will come in handy at business house!

Daisy has a bright future ahead and we love having her on the team.

P: 04 889 2975


daisy@outsideaccounting.co.nz 

Accountants-Wellington

RUBY

The everything chewer
Whippet

The office whippet who excels at napping and getting stuck into anything that’s chewable, especially the things that aren’t!

Showing great potential in client relations with an increasingly impressive repertoire of smooth moves.


ruby@outsideaccounting.co.nz

COULD THIS BE YOU?


If you’re enthusiastic, have an interest in business and are keen to succeed and inspire others; we could be a good match!

Spice up your day and get on board the Outside buzz – get in touch below to kick things off.


careers@outsideaccounting.co.nz

 

TODAY I AM EXCITED ABOUT EVERYTHING.

Get Outside

No contracts. No fine print. No bullshit.
The best advice from the friendliest faces.

Get Outside

Get Outside Rental 1.0

  • $95
  • If you're part of the growing population investing in rental properties, we've got the technology and support to maximise your return for minimal effort.
  • Xero subscription
  • Tax return
  • Profit/Loss reporting
  • Xero setup and 1 training
  • Phone support
  • Tax administration and reminders
  • Annual meeting with an Outside team member
  • Buy Now

Get Outside Contractor

  • $135
  • For the sole trader or contractor who wants peace of mind and expert advice coupled with the friendliest, most efficient technology available.
  • Xero subscription
  • Tax return
  • Profit/Loss reporting
  • Xero setup and 1 training
  • Phone support
  • Tax administration and reminders
  • Annual meeting with an Outside team member
  • Xero bi-monthly WOF
  • Buy Now

Get Outside

  • $250
  • You're in the beginnings of business and need a bit of attention but cash flow is demanded elsewhere, here's how to experience the essentials of what we can do to get you outside.
  • Xero subscription
  • Tax returns
  • Annual financial statements
  • Xero setup and 2 trainings
  • Phone support
  • Tax forecasting and reminders
  • 2 annual meetings with an Outside team member
  • Xero bi-monthly WOF
  • Buy Now

Free Yourself

  • $495
  • All our expertise, advice and enthusiasm. You're in business and demand a bloody good accountant who is clued up, answers the phone, and is there when you need them. You've got goals and we've got means.
  • Xero subscription
  • Tax returns
  • Annual financial statements
  • Xero setup and 3 trainings
  • Phone support
  • Tax forecasting and reminders
  • Quarterly coaching meetings with an Outside team member
  • Bi-monthly management reports
  • GST returns
  • Receipt Bank subscription
  • Buy Now

Got something different?

Chances are we can take care of it and if we can do it, and do it well, we will.
If not, we are well connected and can refer you on to an expert we trust to look after your needs, just as well as we would.

 

 

Be stubborn about your goals,

and flexible about your methods.

You Oughta Know

The latest ins and outs to keep you ahead of
the game

  • Who’s going to hold you accountable this year? February 3, 2020 - Bit of a catch up We are 1/12th the way through 2020. Make sure you’re lapping up the sun and getting outside before Autumn hits us. How are you… Read More »
  • Accountants 2020 vision January 16, 2020 - Getting on track We’re back in business here at Outside. Here’s hoping you had a great Christmas and New Year and are ready to get back into the swing… Read More »
  • accountants christmas Summer is calling December 18, 2019 - Done and dusted It’s the most wonderful time of the year – time to knock off for Summer! After a fulfilling year we’re more than ready to shut up… Read More »

Check out the rest

Contact us

We're always keen to catch up over a coffee, or
something stronger depending on the time of day

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Drop in for a second

Get in contact with us! We’re never far away so don’t hesitate to pick up the phone, flick us an email, or come and see us in our Wellington office.

Cameron
027 366 2272
cameron@outsideaccounting.co.nz
Alternatively, flick another member of our team a message. Get to know us here: The Team.
Outside Accounting

Level 2, 182 Vivian Street,
Te Aro, Wellington
PO Box 24-457, Wellington 6142

04 889 2975

hey@outsideaccounting.co.nz

Want to meet up here and talk shop?
We want to work with you wherever you are.

Our Locations

We’ve got locations in the main centres so we can meet and greet and sort all your business needs.