P: +64 3 3431113

 

 

 

 

Business Startup – New Business Venture Financing

Let us help you turn your business idea into a reality.

If you have a good idea for a new business venture but don’t have expertise in the legal or financial aspects of creating a new business, we can help you:

  • Decide on the most suitable structure for your business – sole trader, partnership, or limited company
  • Prepare a business plan, cashflow projections, budgets, and trading forecasts
  • Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
  • Establish a good working relationship with your bank
  • Complete any registration procedures with Companies Office, Inland Revenue, or Customs and Excise
  • Deal with company secretarial issues
  • Set up a recording system for your internal use and for complying with statutory requirements

 

Financing

A wide range of financing options exist, all with their pros and cons. At WH Accounting & Advisory we know the financial market, and have the experience to assist you in securing the best financing option for your personal and business goals. Our experience in the market means we are also able to structure debt upon acquisition to maximise tax advantages.

Let our experienced team explore with you the best financing options to get your business closer to its goals.

 

Cashflow Forecasting

Have you ever wondered if you are holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month?

Survival in today’s business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative cashflow forecasting reports – allowing you to:

  • Realise and understand when cash is available
  • Plan and prepare for expansion, stock control, and taxes
  • Analyse and anticipate key expenses

Armed with this information, we’ll work with you to develop action strategies to improve your bottom line.

 

Software Solutions

Let us help you make the right choice when it comes to accounting software.

A decent accounting system will help you keep track of your cashflow and give you the option to complete GST Returns easily.

Choosing the right system for your business can be a difficult one – after all there are over sixty different accounting packages available in New Zealand. Here at WH Accounting & Advisory we have invested considerable resources into on-going staff training to ensure we are able to recommend the best accounting solution for your business.

 

Management Consulting

Our aim is to ensure your business achieves the potential it’s capable of. We have the know-how and experience to offer advice to help you run your business more effectively.

We are practiced in acting as a sounding board for management. We can identify key performance indicators in your business and check your business is as competitive, focused, and profitable as it can be. We then offer flexible strategies, designed to address the issues affecting your business.

Let us give your business a health check. Take the practical advice we can give to ensure the continual success of your venture.

 

Company Secretary

Company legislation requires businesses to perform many administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you are complying with the Companies Act 1993.

The possible threat of penalties for failing to keep up with the changing rules is too great a risk to take.

At WH Accounting & Advisory we are able to relieve this burden for you.

Our services include:

  • General advice on company law
  • Company formations
  • Filing of annual returns on your behalf
  • Preparation of all documentation related to minutes and resolutions
  • Maintenance of statutory books
  • Assistance in changes of directors, shareholders, addresses, and office details
  • Bonus Issues
  • Share transfers
  • Registered Office Facility

Please contact us for further information on how we can help you to get back to the task of running your business

 

Payroll Services

Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & employment legislation is growing increasingly complex.

We can relieve you of this burden by providing a comprehensive and confidential payroll service, including:

  • Customised payslips
  • Administration of PAYE, statutory sick pay, annual leave etc
  • IR-Filing to the IRD
  • Summaries and analyses of staff costs
  • Administration of incentive schemes, bonuses and termination payments

Even if you have only a few employees, you will make savings by engaging us to administer your payroll.

 

Selling a Business

Selling a business can be a difficult, often disheartening time. In this state the tasks involved in selling a business can seem particularly arduous. Here at WH Accounting & Advisory we are able to relieve that stress for you.

The services we provide in relation to organising the selling of a business include obtaining comparative results, establishing a realistic sale price, taking the business to the market, negotiating with potential purchasers, drafting a contract. We are able to assist in such a way that a maximum return for your business can be achieved.

 

Budgeting

A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.

The techniques we utilize in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business.

In addition to goal setting value, budgets will often improve your chances of acquiring funding as financers often require forecasts as a prerequisite for funding approval. Cashflow forecasting is a vital part of ensuring your business will always have the cash it needs, because profits don’t pay bills – cash does.

There are many types of budgets and we can help you design the right budget for your needs and requirements. Let us show you how a budget and a cashflow forecast are able to provide feedback to allow you to prepare for the future of your business.

 

Benchmarking

Have you ever wondered how your business performs compared to your competitors? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? What is the average bottom line of your competitors?

Survival in today’s business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative benchmarking reports – allowing you to:

  • See how your business compares against your competitors
  • Understand how the rest of your industry works
  • Analyse the key performance indicators of your industry

Armed with this information, we’ll work with you to develop action strategies to improve your bottom line.

 

Bookkeeping/Accounting

Modern business demands up to date accurate financial information.

We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.

We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.