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Accounts Online Accounting tips

lightbulbsunDo you have a contingency plan? It is important to have a contingency measure in place just in case something happens to the key player(s) of the business.  Has your business got a contingency plan in the event of sickness or death?
Home office expenses: Tip – pay your home office expenses which include rates, insurance , electricity , phone , internet, repairs out of your business account. We can teach the software to do the business and private split.  This will save you having to revisit this at year end.

Acounting/Taxation service: SUM-it Accounts Ltd provides an accounting service for individuals, businesses , charities, and clubs.  If you are interested in finding out more please contact us. Also, if you know of any businesses or individuals that want a change or are struggling please put us in touch.

Tax Management Intermediary: Struggling to pay your taxes on time – tight on cashflow?  This service is excellent and saves businesses and individuals money as the IRD’s interest rates a lot higher.

Inland Revenue: The inland revenue are reviewing property transactions, cash economy and hospitality. It is important that you  bank your cash daily, or at least weekly,  and try and avoid paying expenses out of the cash or till.  This creates more work as you need to account for the dollars to your till tapes.For hospitality businesses are you reconciling to your till tapes daily?

Off the accounting topic, onto interior design 

Here is a Wellington Interior Designer’s Tip for arranging spaces

Her advice is to keep it simple and clutter-free.  Get the bones right before you even think about filling it up with furniture, art , rugs etc.  If the bones are not right you will never feel comfortable in a room – there will always be something missing.

Save on your Accounting Fees

Would you like a reduction in your accounting fees this year?

 

Save on fees

Last year the government announced simplified reporting for small/medium businesses. The Inland Revenue identified that there is potential for a staggering 90 million dollars to be saved!

  • Would you like a slice of that? 
  • And when was the last time you were offered a reduction in your accounting fees? Probably never!

If your accountant has not already informed you, then you are probably wondering what this is all about.

Your Skills + Our Expertise = Success

Over the past 15 years Accounts Online have been educating businesses like yours to simplify the way they look after their businesses and prepare them for the day when they might need to sell.

Our Gift for You

Because many of our clients have now reached a higher level of competency, this has created for us extra capacity to take on more select clients who are keen to learn. If you have ever thought being more independent and more in control of your business would be great to achieve this year; then please make contact as spaces are limited. We will ensure you have access to a team of specialists that may include your accountant, but you will make that decision.
Simply contact us with the subject line: Save Me Fees and provide us with your contact details, along with a few details why you think you would like to change and enjoy Accounting Freedom.
If you are comfortable where you are at, maybe you know someone special you would like to pass this onto. We would be happy to hear from them as well.

Thank you for taking the time to read this as we think it is important that you need to know about these changes.