Koller & Hassall provide comprehensive accounting and tax services across Rangiora, North Canterbury, and beyond. Our team supports rural and small-to-medium businesses and ensures they thrive. Will us your accounts, which will not only be handled by experts to the highest possible standards, but we can also advise on ways to maximise your profits, and help you maintain healthy budgets to weather any unforeseen challenges.
Each and every year, you’ll prepare your annual financial statements that accurately shows your financial performance and profitability over the year. This will also give you a snapshot of your financial position at year’s end, so you know exactly where your business sits. These annual accounts will be key in assisting you to manage your business, for income tax purposes, to satisfy your bank, or to give to shareholders.
As well as your Annual Financial Statement, we can provide either monthly or bi-monthly financial reports to give you an up to-date picture of how your business is performing. Usually, these are cash-flow summaries, which are perfect as a tool for preparing GST returns, but they can be further enhanced to show a full Profit & Loss Report for any period if required.
Keeping up with your tax obligations is an important part of running a business. At Koller & Hassall, we understand that, knowing how much to pay and when can be stressful, so we make sure that you get clear and simple instructions for paying your taxes. Whatever the tax issue – Income Tax, Provisional Tax, Goods & Services Tax (GST), Fringe Benefit Tax, PAYE, or Resident Withholding Tax (RWT), we can offer expert advice, and can help you minimise the amount you need to pay, doing all the calculations for you and giving you plenty of notice of payment deadlines, so you never need to worry about late payments and penalties.
The Companies Act 1993 imposes a wide range of administrative requirements on all companies, regardless of their size, and these can be complicated. Right from incorporating a company, dealing with the ongoing administration, through to winding it up, we’re well-equipped to assist you at every stage. We can help with the simple (Annual Minutes), the pedantic (Interest Register), and the complex (constitution changes), leading you through all the pitfalls and difficulties to ensure your business complies with all aspects of the Companies Act.
Increasingly popular for protecting family assets, Trusts can also give added flexibility for tax planning. However, Trusts & Estates have their own special requirements for record-keeping and reporting, and they can be complex. We work with our clients to show them how to maximise the opportunities and advantages of these structures.
Good staff are always a business’s greatest asset, but finding the right people and employing them is not for the faint-hearted! Employment poses much more risk these days than in the past, but if you put the right systems in place before you start the employment process, you’ll be on the right track. There are a myriad of laws and procedures in place to protect both employer and employee, and we recommend you spend a little time with us discussing your obligations as an employer, and the ‘dos and don’ts’ of employment. We can also provide you with customised employment contracts that meet all the latest requirements for you to use with your staff, all of which will help you avoid expensive personal grievance claims down the track.
Self-employed people need to pay ACC levies which are based on their level of Liable Earnings, and the type of business activity they engage in. The default cover, will provide you with compensation of 80% of your lost earnings, but our favourite Coverplus Extra will pay compensation at 100% of a previously-agreed cover. Coverplus Extra also has other features which make it great for self-employed people. Talk to us about the best way to both manage your ACC cover and reduce your levies.
