Business Cessation

Most businesses have a life cycle and eventually come to the end of their natural life.

We can help you wind down your business so there are no on-going penalties, complications or compliance obligations. This may include:

• Ceasing registrations for various tax types - GST, FBT, Employer and PAYE
• Dealing with residual assets and liabilities in the correct manner
• Ensuring any residual ACC obligations are addressed and ACC records closed
• Attending to final Financial Statements and Income Tax Returns.
• In the case of companies, Shareholders and Directors resolutions to initiate removal from the Companies Register.
• IRD tax clearance
• Lodge appropriate documentation with the Companies Office for removal from the Register.
• Notify IRD once company is removed so the IRD can close its files

At the Accountancy & Business Advice Centre we understand the intricacies of the numerous relationships businesses develop with their stakeholder's and the need for these to be addressed in an orderly wind-down. Often, there is just as much involved in winding down a business as there is starting it up.