To ensure we can efficiently complete your annual accounts, we require specific information from you. If your business is already connected to our online accounting platform, such as Xero, we may have most of the data already. However, we still need the following details for each of your businesses:
– Bank balance as of March 31
– Resident Withholding Tax Certificate
– Payroll records (unless we handle your payroll)
– Vehicle logbooks and mileage records
– Business loan balance as of March 31
– Stock value on March 31
– Dividends
– Accounts receivable and payable on March 31
– Any bad debts that were written off
– Details of any other income received throughout the year
Do You Work from Home?
– Rent or mortgage interest payments
– Insurance expenses
– Power costs
– Water bills
It’s beneficial if you can ensure your accounts are completely reconciled. If you encounter any difficulties with refunds, partial payments, or anomalies, please reach out to us, and we will assist you in resolving them.
Having all the necessary information allows us to carefully review your accounts and ensure you’re not overpaying taxes. If we are unaware of your expenses, we won’t be able to offset them against your income, resulting in higher tax payments.
Conversely, if your business has faced challenges and you have overpaid provisional tax throughout the year, having all your information enables us to apply for a refund and adjust your provisional tax based on your expectations.
Having your annual accounts finalised allows you to analyze your business’s performance, compare it to previous years, and make informed decisions for the upcoming year.
It’s important to note that generating accurate annual accounts requires significant time, attention, and effort. We meticulously review your extensive paperwork to ensure precise accounts. We’re happy to provide you with updates on our progress, so feel free to inquire at any time.
If you have any questions, need clarification, or require assistance, please don’t hesitate to reach out to us. We’re here to support you. You can contact us via email or phone, and we’ll be glad to help.
Your Outside Team
Need a bit of assistance with your
business? Contact an Outside Accounting team member today and learn more about
our fixed fees. You won’t regret it.
Aside from business consultation, we
are business accountants Wellington
who offer accounting, bookkeeping, payroll services designed to
help you achieve greater financial success.
You can click here to speak to a business, accounting and bookkeeping firm. We will give you a
call to know more about your needs. We will explain to you how we can improve
your business.
Address: Level 2, 182 Vivian Street,
Te Aro, Wellington 6011, New Zealand
Mail: PO Box 24-457, Wellington 6142
Phone: 04 889 2975
If you run a business in Wellington, it’s time to double-check that your payroll systems are up to date. As of 1 April 2025, the minimum wage in New Zealand has increased, and failing to adjust your systems could lead to non-compliance and financial penalties.
On 1 April 2025, the New Zealand minimum wage increased, and it’s crucial for Wellington business owners to ensure their payroll systems and employee records are up to date. Failing to comply can result in costly penalties and damage to your reputation — not to mention disgruntled staff.
Creating and maintaining a solid business budget is one of the most effective ways to manage your finances and drive business growth. For businesses in Wellington, budgeting isn’t just about predicting income and expenses — it’s a vital strategic tool that gives you control, clarity, and confidence.
From 1 April 2025, New Zealand’s minimum wage will increase, impacting businesses across the country. As an employer, it’s essential to understand how these changes affect your payroll, budgeting, and overall business operations. Here’s what you need to know to stay compliant and prepared.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
You started your business to enjoy the freedom of being your own boss — yet somehow, you’re working longer hours and feeling overwhelmed with admin, meetings, and constant demands.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
With 31 March fast approaching, now’s the perfect time to prepare for the end of the financial year. Acting early can save you time, reduce stress, and ensure your business is ready to thrive in 2025. If you’d like a checklist to guide you through the process, reach out — we’re here to help.
ALL POSTS
NEWSLETTER SUBSCRIPTION