What Can Small Business Owners Do for Themselves Instead of Paying Someone Else to Do It


Business is booming in New Zealand. Recent statistics suggests there were 487,880 business enterprises in the country in 2014 – up 2.5% from the previous year. A large percentage of these are based in Wellington. Regardless of the nature of your business in Wellington, there might be some tasks that you just don’t have the time to complete. But what tasks can small business owners do for themselves instead of paying someone else to do it? Let’s find out!

1. Accountancy

As a business owner, there are probably 1001 tasks that you need to be getting on with every day. By hiring an accountancy firm to carry out your accounting needs, you can be rest assured that your financial affairs are being looked after whilst you concentrate on other areas of the business. Although you might be able to carry out these tasks yourself, it can sometimes be more productive to reach out for a helping hand.

Count On Us have the necessary experience when it comes to bookkeeping and accounting in the Wellington area, and will be able to prepare your annual accounts for business appraisal, tax, and planning purposes. The company will tailor their services based on the requirements of your business and provide you with advice on a regular basis. You can even still use your own accounting software and Count on Us staff install and maintain MYOB software Wellington businesses.

2. Taxation

If you are a small business owner in Wellington, taxation can be a complicated affair. You will need to prepare a company and personal tax return, manage the tax process throughout the year, and manage any tax disputes or audits. Enlisting the services of a qualified accountancy firm, however, can make the process easier than ever before. Count On Us knows how important taxation can be for any small business, and will minimise any risks to help you achieve compliance.

3. Financial planning

As a business owner, you will need to incorporate a financial plan into your business model in order to preserve and grow capital. Hiring a company that specialises in financial planning can provide your business with the security you need. When choosing a company, you will need to opt for one that understands your current financial position and one that will provide you with the best return on your investment.

Count On Us can manage the financial processes that will help your business move forward, and help you implement a number of strategies that will benefit your company in the long run. By comprising a personal financial plan, the company can provide you with information on how to preserve capital, and how you can have financial security in retirement.

Save money in Wellington

Are you looking to save time and money? Count On Us specialise in taxation work and accountancy for home or commercial properties in the Wellington area. Using the latest business computing systems, they can carry out a number of tasks for small business owners who don’t have the resources or time to complete them on their own. For more information about the services these Wellington accountants offer, or to obtain a free quote just visit the Count on Us website at www.countonus.co.nz.

Contact our friendly team to make a booking!

Why are Accountants So Important for Business Owners


Owning and operating a business is not an easy task, no matter how rewarding it may be. One thing all business owners learn at one time or another is that you cannot do it alone. If you do not have the skills to run a certain function of the business, it’s best to leave that up to professionals who do. This is especially true for accounting, as financial management is such an essential part of a business. Here are a few reasons why hiring an account could be the most important decision you make for your business:

1. Timely and accurate financial statements

Keeping track of how your business is doing financially can influence a lot of the decisions you will be making. Without consistent and up-to-date financial information you might not be able to do what is best for your business. If you run a business, it’s good to look into accounting services that use Mind Your Own Business or MYOB software in Wellington because then you can have a great platform to check out the business’s finances in real time.

2. Proper and lawful tax compliance

Complying with all New Zealand tax laws is very important to avoid trouble with the IRD down the road. Ensuring your taxes are done correctly throughout the year is a tedious task to which you must pay close attention. If you don’t have enough time to do this for yourself, a certified accountant will be able to assist with the process. Applying for tax refunds for your Wellington business is also easy for accountant as they know how to apply for tax breaks which you may not have even known you were eligible to receive.

3. To find cost savings in regular operations

Having a professional accountant on hand to check over budgets and financial statements could help you to find any leaks in your finances and plug them up before you lose too much money. Hiring an accountant, even part time, can pay for itself in the long run as you will be able to reduce expenditure and help to polish up your spending. Avoiding unnecessary costs is difficult if you don’t have another pair of eyes to look over your financial statements and assist in finding areas that can be trimmed down or better managed.

4. Advice on how to handle growth/expansion

Businesses that don’t know how to manage their money to accommodate growth will run into a lot of problems as they expand to meet demand. Accountants can be extremely helpful in an advisory role before and during growth periods to help you keep track of what is happening to your funds, where they will be needed later on, and how they should be allocated to bring the best returns.

If you don’t already have an accountant working full or part time with your business, it’s probably time to start looking. You will be better off hiring someone now before you think you need them instead of when you are in the midst of financial troubles. Who knows, you might even be able to find money you didn’t even realise you had!

Count on Us is a company that specialises in giving you excellent services from their certified accountants in Wellington, NZ. Hiring this team of experts could be the best decision you make as a business owner. Check out the Count on Us website, www.countonus.co.nz, today to find out more.

Contact our friendly team to make a booking!

Benefits of Professional Accounting Services for Business Owners


Accounting is an extremely important part of your business. Improperly done accounting can have serious negative effects on your business not to mention the legal problems you might run into. To streamline your accounting process and make it more efficient, most business owners choose to hire a professional accounting firm. Doing this has several benefits:

1. Compliance to the Law

As a business owner with many other commitments, it can be difficult to check that every aspect of your accounting is in line with the law. An honest mistake can have serious legal consequences. Professional accounting can help you avoid this by ensuring that your business is tax compliance. It can also help to comply with other areas of the law such as auditing and GST/FBT/ACA obligations.

2. Financial Advice

Regardless of how good an entrepreneur you are, you may not be as good in finance and accounting. Accounting professionals on the other hand, have extensively trained in accounting practices and have a lot of experience in the field.

An accounting firm can be a crucial source of financial advice for your business. It will ensure that you do not make any costly financial mistakes and that your finances stay healthy. This advice ranges from taxation issues to compliance administration and financial management.

3. Save Time and Money

Even if you employ an accountant or two to do your business’ accounting, resulting administrative duties will still take a lot of time away from what you should be focusing on. Even more notably, it will be expensive. In addition to basic salaries, you have to think about additional employment benefits and other administrative costs.

With an accounting firm, you do not have to spend time and money watching over them and providing a good workplace environment. The result is that you save money and time resources that you can then direct towards your core business.

4. Stay on Track

Full accounting involves a lot of things; proper book keeping, filing of tax returns on time, strict compliance to the law and sound financial management. Professional accountants Wellington will ensure that your business stays on track in all matters concerned with accounting. They know how to use MYOB software in Wellington and various other accounting tools out there to ensure that everything is right and on time. This improves the profitability of your business and drastically reduces financial risk.

5. Focus on What You Do Best

Ultimately, the biggest benefit of professional accounting to business owners is being able to focus on what they do best. For your business to succeed, it requires your full focus and dedication. Accounting is too time consuming and effort demanding to allow a business owner to focus on the core aspects of the business. Hiring accounts in Wellington is a major step towards business growth.

If you are looking for the best professional accounting firm in Wellington, look no further than Count On Us. With a highly skilled and experienced professional team, they are what you need to take your business forward. Whether you need services on tax returns, financial advice or bookkeeping, Count On Us are based in Wellington and are available to help. Visit their site at www.countonus.co.nz for contact details and how to make an appointment.

Contact our friendly team to make a booking!

Integrating Your Business Accounting


Most people planning to start a business never think much about accounting aspects of it until it is up and running. That is when they realise that it is never as easy and quick as they had envisioned. As the business grows, it takes up valuable time and effort. If you are in such a position, here are a few ways to streamline your business accounting.

1. Hire an Accounting Firm

At the moment, when the business is small and young, accounting may seem easy. You can easily do everything yourself. But as it grows, you will find it more difficult to keep your books in order and still find the time and energy to run your business. This is the time to look for professional help from accountants in Wellington.

Though it may seem like a big investment at first, it will save you time and money later on. It also ensures that everything is done perfectly in terms of accounting. This helps avoid serious financial errors.

When you don’t have to worry about the accounting side of things, you will have time to make sure that customers keep bringing in more revenue.

2. Keep Business and Personal Expenses Separate

Mixing up business and personal expenses is a common mistake that many business owners get into. Reaching for your business credit card to pay for a personal expense will lead to complications later on. Even if you do record your transactions, personal expenses paid for with business money will become too many and confusing. You might even forget to record some things.

The best way to avoid such an accounting mess is to keep personal and business finances completely separate.

3. Set Time to Go Over your Books

Accounting is never a pretty thing. It can be hard work and like most people, you might find yourself procrastinating about it. But you need to have a set time every week where you go over your books and see for yourself what is happening. Do not let your accountants in Wellington be the only person aware of your business’ finances.

4. Keep Track of your Invoices

It may seem impossible to forget that there are outstanding customer payments, it means more revenue you after all, but with the hectic pace of running a business, it is easy to lose track of your invoices. These are payments you need to recover to stay in business. Make sure that all invoices are paid on time and get firm about those clients who get late in their payments.

5. Record Every Expense

Do not wait until the end of the week to record only the major expenses you can remember. Record every single business expense you incur through the day. One advantage of this is that you are able to keep better track of your spending. It also eases the overall accounting work. Most importantly, it enables you to draw up a more efficient and cost-effective budget for the next month or year.

If your business is in Wellington, Count on Us is an accounting firm that can make all the difference for your company. They offer a variety of accounting services including financial planning, budgeting, business start-ups and computer accounting. Visit their website www.countonus.co.nz to learn more.

Contact our friendly team to make a booking!

Streamlining Your Business Accounting: Why It Is Important For Business Owners To Get Financial Advice


Regardless of whether you are an established and well-known business owner or a start-up entrepreneur starting your business life, financial planning is paramount for the success of your business. Managing your finances is easier said than done: not only do you have to carefully assess your business operations and to decide your monthly budget, but you also need to have some money aside, for unforeseen events that may occur. This is where a professional and fully certified financial advisor can help you by providing customised financial advice.

Why is it important to get financial advice?

A skilled financial advisor will not only help you meet your current business goals and provide day to day accounting support such as managing your budget, but can also work with you to grow your business and future proof any of your investments.

If you are just getting started in business then you certainly need a financial advisor to help you monitor and manage your portfolio holdings. The thumb rule is never to invest more money than you can lose without worrying that your company will be affected. Most business owners want their business to provide them with an income so by taking the advice of a financial advisor you can make wise financial investments that will eventually deliver a positive return on investment.

If you have decided to grow and expand your business, then a professional financial advisor will help you assess and select the most suitable investment products that match your future goals and current business profile.

Legal requirements & taxation

Sound and up to date financial advice is crucial for any business, particularly for those who employ staff, so you can be sure you are meeting your legal requirements. Accountants and business advisors can help you negotiate the ever-changing financial regulation environment so you are always meeting your tax requirements.

Every business owner has a series of financial obligations that must be met, such as managing your tax returns, and it is important to stay on top of these requirements to prevent any unpleasant tax-related situations that could jeopardise your business. If finances aren’t your strong point then avoid the stress and potential pitfalls with the help of a specialist tax accountant.

What Should You Expect From Your Financial Advisor?

Ideally, a financial advisor should be able to conduct thorough reviews of your business strategy on a regular basis, in order to provide accurate and up-to-date advice. This is the only way to make sure that you will always stay on course with your business investment, and that your investment strategy is adjusted in real-time, for the best results.

A skilled financial advisor will be able to come up with both short-term and long-term investment strategies to help you achieve your business objectives, and he should always give you a realistic and unbiased insight into the risks and benefits of each of your business investments.

These are only some of the reasons why business owners should consider getting professional financial advice. If you are in the Wellington area, Count On Us are a team of professional chartered accountants that are ready to provide personalised accounting advice in Wellington, budgeting and tax return information to their clients. More information on the available services can be found on their website, www.countonus.co.nz.

Contact our friendly team to make a booking!

Streamlining Your Business Accounting


There are numerous stories of new businesses that have reached the stratified heights of success. Such stories are usually motivational and inspiring and encourage entrepreneurs to have diligence and optimism in all of their future ventures.

However, what these stories fail to point out is the countless other businesses which sadly, failed to make the cut. How can you make sure that your business is a success and why do some individuals make amazing progress in the market while 70 per cent of other businesses fail within the first few years?

Part of the problem, of course, is failing to plan for their finances. There is a rule of the thumb while starting out in a small enterprise – when you are drafting a business plan and you are considering the input, ensure that you will have access to about 3 times the amount of starting capital – within the period of 1 year.

If you don’t have the money, there are funding methods out there that are bound to be suitable for your type of enterprise. Think about debt financing. How about pooling together with like-minded individuals with almost equal net worth? Better still, why not convert assets in holdings to liquidity so as to facilitate easier operations?

Once you have researched your target market, developed your product and created a business plan you need to ensure that your business finances are sound.

Well, it is easy to sit down and scheme about grand ideas that will make you millions of dollars within 5 years but you need to make sure your financial goals are actually achievable in the real world. Without proper planning and taking into account different market parameters like taxation, rent and other financial aspects of a business you won’t have a realistic idea of what you business can potentially achieve.

One of the most important things a new business owner can do is hire an accountant. If you want to hire an accountant in the Wellington area look for a professional company that is registered with the accounting professional body CAANZ. This registration means that your accountant undertakes ethical, professional practice. This means that before they are given the appropriate certifications, they undergo rigorous training and testing that ensures they know the world of business accounting inside out.

An accountant does much more than look through your numbers and project the future cash flows. They know which banks have the most competitive advantages for business owners and they can track, plan and forecast your business financials to keep an eye on your long term performance.

Count on Us is an experienced team of accountants in Wellington. Visit their website today for affordable financial advice and keep your business on the road to success.

Contact our friendly team at Count on Us to make a booking!

Xero Software Wellington


Count On Us is a Chartered Accountancy firm based in Wellington with more than 20 years of experience in accounting, business and systems management as well as financial planning. As members of the Institute of Chartered Accountants in Australia and New Zealand, we follow a strict code of ethics when offering our business services. We know how to get the job done right and our knowledgeable team offer a variety of services to assist our clients with their business needs.

We aren’t just experts in accountancy. We can assist in business management, financial planning, mortgage brokering, and more. We can look after all of your financial requirements including taxation and financial law so you can be sure your paperwork is organised and up to date.

We are experts in using Xero software in order to handle your finances in an organised and efficient manner. We can help you plan your business budgets to maximise profits and encourage growth. We want your business to succeed and can help you manage the specifics to make that happen.

Good Financial Planning

Our financial planning services are a must for any business. In conjunction with our variety of business management services you can count on us to help your business maximise profits. We will sit down and go over your numbers with you to make sure that they work.

With proper financial planning, you can spot any hidden costs and nip them in the bud. You can also reduce overheads by cutting out waste and properly manage where your money goes to so that you are not putting it in the wrong places. You can focus on making a good product and we can help manage your finances reducing much of the stress that comes with running a business.

Experienced Accounting

Modern software, like Xero, has taken a lot of the work out of accounting management. We are experts in using Xero accounting software so you don’t have to worry about crunching the numbers yourself.

We know that time is money for a business owner so having to sit down and do financial management can be overwhelming. We also keep up to date on the laws regarding taxation. This can be a troubling issue for any business. The legal side of taxes are complicated and difficult to sift through. It’s our job to properly handle your taxes so that you don’t have to worry.

Quality Services

As Chartered Accountants, you can rest assured that your finances are in good hands. Our accounting services will help you properly balance your budget and our taxation experience will keep your business up to date with current legal practice. Our skills are extensive and we offer a variety of other business services that will fit your business needs.

You need to know that your business is in the right hands and we want to make sure that you and your employees enjoy growth and success. We take that job seriously because we know that the well-being of our clients depend on us doing the job right.

With the proper amount of expertise any financial problems can be tackled and we’ve got the perfect team ready to help you get the job done. With more than 20 years of financial and accounting expertise Count On Us are there when you need us so that you can get back to doing business the way you need to.

Contact our friendly team to make a booking!

The Role Of An Accountant In Business


Whether your business is large or small the need for a reliable and highly efficient accountant is necessary to ensure your business functions well.

As a business owner, it’s important to have a full understanding of how an accountant not only maintains your daily financials, but can also help your business grow.

If you need to find a qualified and reliable accountant search for ‘accountants Wellington‘ to find Count on Us; a company of expert Chartered Accountants that provide a wide range of accounting services including bookkeeping, accounting and financial planning.

These accounting services will help your business by:

Keeping your Financial Information in Order

Money is always coming into and going out of your business so it is incredibly important for this information to be documented and kept up to date.

Electronic trails and records are important for every business and your accountant will set up processes and systems to make this easy for you.

Examining your Business to Improve It

Your accountant gets to see just how much the business is spending and taking in, and this is important because it means they can keep your business spending in check.

For example if your business is spending too much money on stationary or other running costs, and it’s affecting your bottom line, an accountant would be able to alert you of this so that you come up with cost cutting measures.

Keeping your Businesses Compliant

An accountant is specifically trained to deal business tax and audits so they know all the requirements, important deadlines and rules that need to be followed. Using an accountant for your Wellington business means you will streamline the process and make that you are always on top of such details.

Without accountants, a lot of financial necessities wouldn’t get done in time or they wouldn’t get done properly and this would mean more costs, expenses and strain on the business in the long run.

Count on Us Wellington accountants can contribute to the success of your business so contact them today for some expert accounting advice.

Why You Need An Accountant To Get Your Finances In Order


If you are in the process of starting a new business there are some key areas that no business owner can afford to get wrong. One of the most important of these is your finances. As your business grows, it will become increasingly difficult to keep an eye on the business operations, taxes, finances, business equity, budgets and day to day money management. When that moment comes, you will need the services of a skilled and competent accountant who can help your business to succeed.

Although all accountants have some general knowledge in terms of finances, budgets and taxes, they often specialise in a certain area, such as depreciation, book keeping, payroll matters or budgeting. This is why it is important to firstly identify your business needs so you can find an accountant that is right for you. If you are in Wellington and need an accountant then a professional chartered accounting firm, such as Count on Us, can provide specialist accounting services to your business. Our team are Chartered Accountants which means they are members of Institute of Chartered Accountants of Australia and New Zealand and are fully qualified to provide a range of accounting services to businesses in the Wellington area.

One of the many ways we can help you is through our business start up support package which includes preparing a business plan, creating cash flow projections, setting budgets and trading forecasts as well as assessing your accounting system requirements and setting up a tailored system for your business. Our professional accountants have been providing financial and accounting services to businesses in Wellington for the past twenty years. Our staff have extensive training and experience and we pride ourselves on being the one-stop-shop for all your accounting needs.

Not only will our professional accountants help you keep your day to day business finances in order we can also help you review your current capital to consider how you can expand your business in the future. Our expert accounting team will thoroughly review the financial needs of your company and determine just how much money you need to expand your business and to ensure its continuity until the first return on your investment.

At Count on Us we can teach you how you can free up your cash flow, how you can save money for further business-related plans and how to raise your capital achieve your long-term expansion plans. Our accountants will also help you handle your tax returns and claims more efficiently, as we are experts in the tax laws and legislation that apply to businesses in New Zealand. Working with an accountant has become a necessity for all business owners who do not want to take any finance-related risks so for a professional accounting service in Wellington visit our website.