Savage and Savage Services
Providing accountancy services is the core business of any Chartered Accountant and this is certainly true of Savage and Savage.
We provide a service that meets the exacting standards of the Institute of Chartered Accountants of New Zealand and covers all aspects of accounting advice. We encourage our clients to take an active role in their business record keeping. It is our experience that a business owner who takes some responsibility for their financial records has a greater understanding of the financial health of their business.
In this day and age of easy access to computers and high quality cost effective software there are very few reasons for a business owner not to take an active role in their businesses financial record keeping.
As Chartered Accountants our role is not to be a ‘number cruncher’; it is to provide you, the business owner, with the advice and support you need to comply with the legal requirements of owning a business and to ensure your business prospers into the future.
How Can We Help You?
Business Planning
A good business plan is the starting point for every business. It does not have to be a glitzy document but it does need to be written down and it needs to be an everyday working tool of your business. Keep your business plan short and concise but make sure it sets out your goals for the business; most importantly refer to it regularly to help you keep a clear focus on the direction of your business.
Business record keeping
These are the basic financial requirements of any business and Savage and Savage can help you establish record keeping systems that are both efficient and cost effective.
Taxation advice and planning
Every
business has to pay tax of one type or another. Understanding your legal
obligations and planning your systems and cashflow to satisfy these
obligations is an important part of your business planning. The requirements
are often anything but pain free, however good planning can ease the
pain.
A very important reason for good taxation planning is the very tough penalties
regime now in place at the Inland Revenue Department.
Your taxation planning should include provision for:
- PAYE
- Provisional Tax
- Terminal Tax
- GST
- ACC
Cashflow planning
A good cashflow plan is another important tool that you should regularly refer to. This will help make sure you are on track financially and if something is going wrong, will help you identify the trend early.
Goods and Services Tax (GST) advice
GST is a tax and is mentioned earlier but we can help you meet your legal requirements in what can be a complicated taxation environment by giving specialist advice on:
- Records
- Payments
- Registration
- Sale and Purchase of goods advice (property, plant etc)
Preparation of Annual Accounts
Annual accounts give you a "snapshot in time" of your business. This snapshot is an important way of watching trends in your business. Because the snapshot is taken on the same day each year you get a picture of your business that is not clouded by seasonal trends or other regular issues.
The Annual Accounts will highlight a number of things about your business. These are not always obvious so we encourage our clients to understand their Annual Accounts and learn about various ratios and what they mean. This is all part of understanding the financial health of your business.
Business Purchase/Sale advice
Buying and selling a business are two of the most stressful times for any business owner. A lot can be done to lessen the apprehension that appears around these stressful times. We can help you analyse the financial health of any business so you know what you are buying or we can help you ascertain the true value of your business if you are wanting to sell.
Nobody likes paying more than they have to and, equally, nobody likes selling something for less than it is worth. We can help you put a realistic price on any business.
It is also important that you seek professional advice before you buy or sell. It is often too late when the paperwork has been signed.
Marketing Advice
Sari Hodgson can offer the small/medium business owner practical and effective advice on how to market their business. Sari has almost completed her B.Com in Marketing, and enjoys the challenge of helping businesses to grow through niche marketing. Sari is a great believer in the fact that marketing doesn't need to cost much, it just needs to work!