SERVICES
OUR
Bookkeeping & Accounting
Modern business demands up to date accurate financial information. We use the most up to date systems for keeping your records and turning them into concise financial information. Our recommendations are based on what we believe is the most appropriate and cost-effective solution for our client.
Flannery Tait will take care of the compliance side of your business, leaving you to focus your precious time of managing and growing your business.
- Preparation of your Annual Accounts
- Tax Management and Planning
- Company Annual Returns
- Accident Compensation
- Periodic Management Accounts (for business appraisal and planning purposes)
We will discuss your requirements with you and provide you with tailored information and constructive advice regularly.
Taxation
At Flannery Tait we offer a full range of Taxation Services. Our proactive approach ensures we deliver a consistent service and build solid relationships with our clients.
Taxation can be a significant cost to your business. We will work with you to minimise your tax and help you achieve your key objectives.
- Advice on and implementation of tax effective trust structures for asset protection and tax minimisation
- Management of any IRD Audits or disputes
- Management of your Tax Account with the Inland Revenue Department
Click through our services below to see what other solutions we provide:
BudgetingBusiness Start-upCash flow forecastingGSTStrategic PlanningPayroll ServicesCompany SecretaryTrustsSelling a BusinessEstate Planning
Budgeting
One of the most important elements of attaining a good business plan is having a budget. A good budget will enable you to set financial targets and measure your performance. If you need funding it will improve your chances of getting approval. Financers often require forecasts as a prerequisite for funding approval.
Cash flow forecasting helps your business to have the cash it needs, by knowing when the cash cycles occur. Let us show you how a Budget and a Cash flow forecast can prepare you for the future of your business.
Failing to Plan is Planning to Fail
Business Start-up
Setting up and structuring a new business correctly is an important contributor to its success and we can guide you through the legal and financial aspects of creating a new business:
- Decide on the most suitable structure – sole trader, partnership or limited company
- Prepare a business plan, Cash flow projections, budgets and trading forecasts
- Assess your financial requirements, advise on the best sources of finance and draw up necessary proposals
- Complete any registration processes with the Companies Office and Inland Revenue
- Set up a recording system for your internal use and for complying with statutory requirements
Cash Flow Forecasting
Have you ever wondered if you are holding too much stock? Is this the right time to expand your business? Are you going to have enough cash to pay for all expenses every month?
We can provide you with accurate, timely informative Cash flow forecasting reports – allowing you to:
- Realise and understand when cash is available
- Plan and prepare for expansion, taxes, or other needs
- Analyse and anticipate key expenses
- Compare Actual and Budgeted Expenses on a regular basis
With this information, we’ll work with you to develop action strategies to improve your bottom line.
GST
We are able to offer accurate, timely assistance in a number of areas. These include:
- Registration queries
- Preparation of GST returns
- Filing and adjusting GST returns
- IRD audit assistance
- Specialist events involving GST – e.g. sale or purchase of property
Strategic Planning
The pressures of daily business can often mean strategic planning takes a back seat – however to have a successful business you must plan ahead.
We’ll help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.
Your strategic plan will:
- Define the characteristics of your company in 3-5 years
- Identify your competitors
- Define your objectives and financial goals
- Put in place an effective implementation plan to achieve your goals
Payroll Services
Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & Employment legislation is also growing increasingly complex.
We have the knowledge and technical skills to look after your payroll requirements.
We can relieve you of this burden by providing a confidential payroll service, including:
- Processing & administration of your payroll
- Administration of IRD PAYE, Payday filing
- Administration of bonuses and termination payments
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 regulations of the Companies Act 1993.
The possible threat of penalties for failing to keep up with changing rules is too great a risk to take. At MFT we are able to relieve this burden for you.
Our services include:
- General advice on company law
- Company Formations
- Filing annual returns on your behalf
- Preparation of all documentation related to minutes and resolutions
- Maintenance of statutory books
- Assistance on changes of directors, shareholders, addresses and office details
- Bonus issues
- Share transfers
- Registered office facility
Trusts
A trust provides a valuable way of protecting the assets you have accumulated for the benefit of others. We have extensive experience in working with Trusts and so are able to offer specialist advice on Trust formation, ensuring all statutory requirements are met. Obligations for trustees can often be onerous and our assistance in Trust administration will be invaluable. We always work closely with your legal advisors on all Trust matters.
We are able to:
- Discuss your requirements with you and liaise with your lawyer regarding the preparation and execution of the Trust Deed and execute the vital documentation involved in Trust information
- Attend to the special requirements involved in reporting for Trusts
- Trust administration
- Minute keeping service
- Annual accounts and Taxation
- Asset management
- Investment monitoring
- Income distribution
Selling a Business
Selling a business can be difficult, often disheartening time. Here at Flannery Tait we are able to make the process much easier by assisting in the preparation of information required for a successful sale. Our friendly and professional team is able to assist in such a way that a maximum return for your business can be achieved.
The services we provide in relation to organising the selling of your business include:
- Compiling information to provide to potential buyers by way of a Memorandum of Sale Document
- Help establish a realistic sale price
- Help negotiate with potential purchasers
- Drafting a contract for sale and purchases
Estate Planning
As unpleasant as the task is, estate planning is one of the necessities in life. It allows peace of mind knowing your hard earned assets will be dealt with in the manner you choose.
For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity.
The executor and trustee of a will are required to perform a number of duties. At Flannery Tait we are experienced in estate planning and can guarantee the succession plan for your assets will be held to.
The areas involved in estate administration we are able to assist with include:
- Meeting to discuss objectives for your estate
- Confirming assets – valuations, inventories, appraisals
- Court approval for a grant of administration
- Documentation involved in estate planning
- Protecting the assets
- Paying taxes and debts
- Estate distribution
- Administration Act