You are here: Home > Articles

Making Accounts and Tax Returns Easy

At A+BAC we make life easier for you.

Accounts and Tax Returns
Making it easy for you by getting it right on time, every time. No fuss or drama and more advice for your hard-earned money.

Contact us today

When it comes to running your own business, keeping your accounting in-order must be an achievable goal. That said, there are times where a little lack of discipline can cause some headaches down the track. Rather than getting yourself in a bind later, let's have a look at some simple steps you can take to help keep your accounting organised.

1. Structure your bank accounts

Mixing up business and private transactions in your bank accounts is a recipe for disaster. Always use separate business bank accounts for your business transactions; your private bank accounts should be kept wholly for private transactions. The cost of business bank accounts these days is very low, and there is no excuse for not having a business bank account or accounts. Get in the habit of making regular transfers of drawings from your business to your private bank account.

2. Avoid cash, where possible

It's best not to use cash for your business transactions, but if you use it in an emergency, then reimburse yourself using a suitable expense claim (which analyses the expenses between expense categories) so that again, all business transactions are recorded and the GST is safely captured.

Click here for 5 more tips to get on top of your accounting.

Save Money by Getting Your Rates Back

Do you wonder sometimes why your Council rates are so high and what they do with all the money? Especially when you see Council workers (as hard working and motivated as I'm sure they are) using leaf blowers on the Havelock North to Hastings cycle path. Read more…

Biggest Accounting Scams

In the world of large-scale capitalism, corporate accountants shoulder huge responsibilities: They must monitor, analyse, and report the financial health of their organisations to both owners and stakeholders alike. Read more…

Cut those costs and increase cashflow

Trying to reduce your outgoings can be a daunting prospect when you're stressed by falling turnover and running out of cash. Hindsight being such a wonderful thing, you probably realise by now that you should have put the equivalent of three months overheads aside for that rainy day, arranged for the preparation of monthly financials and prepared a budget and cash flow forecast to predict your current predicament but what can you do now to alleviate the pressure? Read more…

How to handle issues with the IRD


The IRD can be a scary bunch even if you don't get offside with them, so it's best to be wary of how you talk to them and handle any issues that arise. As many have found, the consequences of getting your tax obligations wrong can deplete your wallet considerably, perhaps even leading to bankruptcy and financial ruin.

Read more…

Payroll – Making it Work

Most small businesses struggle to cope with payroll processing. Whether you have 1 or 100 employees, it is has to be 100% correct as nothing can undermine an employee's confidence more than if their pay or leave has been incorrectly calculated. As with all areas of business, you need a system to follow:

Read more…