WHAT WE
OFFER
THIS LIST IS BY NO MEANS
EXHAUSTIVE, AND OUR TEAM IS
MORE THEN HAPPY TO DISCUSS
ANY REQUIREMENT YOU MAY HAVE
PREPARATION OF ANNUAL FINANCIAL STATEMENTS
Every business is required to prepare an annual statement of its revenue, expenses, assets and liabilities. Mostly this happens around 31 March or 30 June. We encourage all our clients to use Xero because it gives you and us easy access to your bank transactions, invoices, reports and GST. Often, where we’re comfortable coding has been done correctly, we can produce figures at a moment’s notice (for example, a profit and loss statement or cashflow projection).
Clients are requested to complete a questionnaire which gives the accountant a thorough knowledge of the business and can give early warning signs to potential problems.
Charitable Trusts
The concept of Charitable Trusts took a significant meaning in 2010 when they were defined and in 2016 when new reporting requirements came out for them. By virtue of definition, a Charitable Trust is set up to hold assets and carry on activities for the benefit of the community. Often Charitable Trusts are formed in order to:
Promote education.
Poverty relief.
Promoting religion.
A miscellaneous benefit to the community.
A Charitable Trust registered by the Registrar of Incorporated Societies, gains tax benefits when approved by the IRD. These benefits may include the absence of tax on income earned by the Trust. At Walsh & Associates we’re well versed in understanding the practicalities of Charitable Trusts and our experience will mean that your trust will achieve its goals in a tax effective manner.
Trusts
The tax incentives of having a Trust are largely gone and a Trust now exists to perform what it was originally set out to do and that is to protect the assets that you have accumulated for others. Our experience means we can give advice on the types of trusts and ensure all statutory obligations are being met. We can complete:
Minute keeping.
Annual accounts.
Taxation.
Asset protection measures.
Income distribution.
New laws soon to be introduced to the New Zealand landscape, will insure a closer monitoring of services.
Subdivisional Activity and Rental Properties
Often the terminology is cross threaded but is an area that is often chased by the IRD. We can provide advice on the following:
Purchasing a property.
Whether the acquisition is of a capital or a revenue nature.
Reviews of lease agreements.
Advice on funding and the likely tax effects of this.
Advice on the ownership structures.
Financial forecasts and the likely return to investors.