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The Advantages of Virtual CFO Services for New Zealand Businesses
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What is a Virtual CFO?
A Virtual CFO is a financial expert who provides CFO-level services on a part-time or project basis. Unlike traditional CFOs who work onsite and command high salaries, a VCFO operates remotely and offers flexible, cost-effective financial management solutions tailored to the unique needs of your business. This approach allows SMEs to access high-quality financial expertise without the need for a full-time commitment.
Benefits of Virtual CFO Services
1. Cost-Effective Financial Expertise
One of the main advantages of hiring a VCFO is cost efficiency. Full-time CFOs demand significant salaries and benefits packages, which can be prohibitive for many SMEs. On the other hand, a VCFO provides the same level of expertise at a fraction of the cost. This allows businesses to allocate resources more effectively, investing in other key areas such as marketing, product development, or customer service.
2. Flexibility and Scalability
VCFO services are highly flexible and can be scaled up or down based on your business needs. Whether you require ongoing financial support, assistance with a specific project, or interim financial leadership during transitional periods, a VCFO can adapt to meet your requirements. This flexibility is particularly beneficial for growing businesses that may experience fluctuating financial needs.
3. Access to Specialised Skills and Knowledge
A VCFO brings a wealth of experience and specialised skills to your business. With extensive expertise in financial management, strategic planning, budgeting, forecasting, and compliance, a VCFO can provide valuable insights and guidance that drive business growth and profitability. At Oxen Accounting, our team has decades of industry experience, ensuring that you receive top-notch financial advice tailored to your unique business needs.
4. Improved Financial Reporting and Analysis
Accurate and timely financial reporting is essential for making informed business decisions. A VCFO ensures that your financial statements are prepared correctly and on time, providing you with a clear picture of your company’s financial health. Additionally, a VCFO can conduct in-depth financial analysis, identifying trends, opportunities, and potential risks, allowing you to make strategic decisions with confidence.
5. Enhanced Cash Flow Management
Effective cash flow management is critical for the sustainability of any business. A VCFO can help you monitor and manage cash flow more efficiently, ensuring that you have sufficient funds to meet your obligations and invest in growth opportunities. By implementing best practices in cash flow forecasting and management, a VCFO can help you avoid cash shortages and improve liquidity.
6. Strategic Planning and Growth Support
A key role of a VCFO is to support your business’s strategic planning efforts. By working closely with your management team, a VCFO can help develop and implement growth strategies that align with your business goals. This includes setting realistic financial targets, creating detailed budgets, and monitoring performance against these benchmarks. With a VCFO’s guidance, you can navigate the complexities of business growth with confidence.
7. Risk Management and Compliance
Navigating the regulatory landscape can be challenging for any business. A VCFO ensures that your company remains compliant with relevant laws and regulations, reducing the risk of legal issues and penalties. Additionally, a VCFO can identify potential risks early on and implement strategies to mitigate them, safeguarding your business’s financial stability.
How Oxen Accounting’s VCFO Services Can Benefit Your Business
At Oxen Accounting, we understand that every business is unique, and we tailor our VCFO services to meet your specific needs. Our collaborative approach ensures that we work closely with you to deliver customized financial solutions that drive success.
Expert Financial Guidance
Our company director, Jeremy Wilson, brings over 30 years of industry experience to Oxen Accounting. His extensive expertise ensures that you receive high-quality service and strategic business advice that propels your company forward. Our small, tight-knit team works collaboratively to provide exceptional service, ensuring that you feel valued and supported every step of the way.
Comprehensive Financial Management
Oxen Accounting handles a full range of accounting-related services, including:
- VCFO Services: Providing expert financial leadership on a part-time or project basis.
- Tax Preparation & Compliance Work: Ensuring that your business remains compliant with tax regulations.
- Consulting & Coaching: Offering personalised advice and coaching to help you achieve your financial goals.
- Preparing Financial Statements: Delivering accurate and timely financial reports.
- Accounting & Tax Advice: Providing expert guidance on accounting and tax matters.
- Developing Budgets: Create detailed budgets that align with your business objectives.
Personalised Service
At Oxen Accounting, we pride ourselves on our commitment to teamwork and client success. Our dedicated service managers get to know you and your business intimately, providing personalised support that meets your specific needs. We value transparency and simplicity in our interactions, ensuring that you always understand your financial position.
Testimonials from Satisfied Clients
Our clients’ success stories speak volumes about the impact of our VCFO services:
- Tony & Sue Hawes (Mastercraft Kitchens Wellington): “We needed a quality independent person to overlook business and help set business plans, budgets, cashflows… Jeremy made two presentations at conferences attended… He combines great business acumen with accounting brains, provides business with high-level skills lacked before.”
- Martin Wouters (Manage Group): “Thanks to Jeremy’s efforts, business grew 74% in 2020 compared to 2019… Revenue one thing, profit ultimately important driver increased well 5 fold period.”
- Melissa Brown (Bug King): “Jeremy is instrumental in shaping business, improving business practices, and helping decide pathways forward. I hesitate in recommending Jeremy Oxen Accounting, but I enjoy regular check-ins to ensure the right track.”
- Shawn McIsaac (Oculus Architectural Engineering Limited): “Oxen accountants people don’t like accountants instead hearing accountant twice year owe tax Oxen taken genuine detailed interest operations business really set us success.”
Conclusion
In conclusion, Virtual CFO services offer numerous advantages for SMEs in New Zealand. By providing cost-effective financial expertise, flexibility, specialised skills, improved financial reporting, enhanced cash flow management, strategic planning support, and risk management, a VCFO can significantly contribute to the success and growth of your business. At Oxen Accounting, we are committed to delivering tailored financial solutions that meet your unique needs, ensuring that you feel valued and supported every step of the way.
For more information about our virtual CFO services and how we can help your business thrive, visit Oxen Accounting or contact us at hello@oxennz or call us at 0800 640 001.
Oxen Accounting provides clarity, support, and freedom to ambitious business owners throughout New Zealand.
The Advantages of Tax Preparation & Compliance Work for New Zealand Businesses
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Understanding Tax Preparation & Compliance
What is Tax Preparation?
Tax preparation involves the process of preparing and filing tax returns for individuals or businesses. It includes gathering financial data, calculating taxes owed, and submitting the necessary documentation to the relevant tax authorities. Proper tax preparation ensures that all tax obligations are met accurately and on time, minimising the risk of penalties and interest charges.
What is Tax Compliance?
Tax compliance refers to adhering to tax laws and regulations set by the government. It involves maintaining accurate financial records, reporting income and expenses correctly, and paying taxes owed on time. Compliance also includes staying updated with changes in tax laws and regulations to ensure continued adherence.
The Importance of Tax Preparation & Compliance for New Zealand Businesses
Avoiding Penalties and Legal Issues
One of the primary advantages of proper tax preparation and compliance is the avoidance of penalties and legal issues. The Inland Revenue Department (IRD) in New Zealand imposes strict penalties on businesses that fail to comply with tax regulations. These penalties can include fines, interest charges, and even legal action. By ensuring timely and accurate tax preparation and compliance, businesses can avoid these costly consequences.
Optimising Financial Performance
Effective tax preparation and compliance can significantly impact a business’s financial performance. By accurately calculating tax liabilities and identifying potential deductions and credits, businesses can minimise their tax burden. This optimisation results in increased cash flow, allowing businesses to reinvest in growth opportunities and improve overall profitability.
Enhancing Business Reputation
A business that consistently meets its tax obligations demonstrates reliability and integrity. This positive reputation can enhance relationships with stakeholders, including customers, suppliers, and investors. A strong reputation for financial responsibility can also attract new business opportunities and partnerships.
Key Advantages of Professional Tax Preparation & Compliance Services
Expertise and Knowledge
Professional tax preparers possess extensive knowledge of tax laws and regulations. They stay updated with changes in tax codes and are equipped to handle complex tax situations. This expertise ensures that all tax obligations are met accurately and efficiently.
Time Savings
Tax preparation can be time-consuming, especially for businesses with complex financial situations. Outsourcing tax preparation to professionals allows business owners to focus on core operations, saving valuable time and resources.
Risk Mitigation
Professional tax preparers conduct thorough reviews of financial records to identify potential errors or discrepancies. This meticulous approach minimises the risk of audits and ensures compliance with all tax regulations.
Strategic Tax Planning
Professional tax services include strategic tax planning to optimise financial performance. This planning involves identifying opportunities for tax savings, such as deductions, credits, and incentives. By leveraging these opportunities, businesses can reduce their tax liabilities and improve cash flow.
Why Choose Oxen Accounting for Tax Preparation & Compliance?
Experienced Professionals
At Oxen Accounting, our team of experienced professionals brings over 30 years of industry expertise to the table. Our company director, Jeremy Wilson, ensures high-quality service and strategic business advice tailored to each client’s needs.
Comprehensive Services
We offer a full range of accounting-related services, including VCFO services, tax preparation, compliance work, auditing, financial statement preparation, budget development, consulting, coaching, and more. Our comprehensive approach ensures that all aspects of your financial management are covered.
Personalised Support
We pride ourselves on our small, tight-knit team that works closely together to deliver tailored financial solutions. Our collaborative approach ensures that each client feels valued and supported throughout their financial journey.
Commitment to Client Success
Our commitment to teamwork and client success makes Oxen Accounting a trusted partner for comprehensive financial management and advisory services. We go above and beyond to ensure that our clients are well-informed and positioned for growth.
Summing up
Tax preparation and compliance work are critical components of successful business management. By ensuring accurate and timely tax filings, businesses can avoid penalties, optimise financial performance, enhance their reputation, and focus on core operations. At Oxen Accounting, we provide expert tax preparation and compliance services tailored to the unique needs of each client. With our experienced team and comprehensive approach, we are dedicated to helping New Zealand businesses thrive.
For more information on our services or to schedule a consultation, visit Oxen Accounting.
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Contact Us:
Oxen Accounting
156a Penrose Road
Mt Wellington
Auckland 1060
0800 640 001
hello@oxennz
Copyright © 2024 Oxen Accounting
Remember, cash flow is the lifeblood of any business. Access to enough cash to meet your needs is essential for survival. Many well-run businesses with excellent products or services unfortunately fail due to cash shortfalls. A clear plan, strategy, monitoring, measuring, and good risk analysis can minimise this risk. For more insights on managing cash flow and developing budgets for SME businesses, visit our resource page.
The Advantages of Preparing Financial Statements
Financial statements are essential for any business, big or small. They provide a snapshot of the company’s financial health, helping business owners, investors, and other stakeholders make informed decisions. At Oxen Accounting, we don’t just prepare your annual accounts and submit them to the Inland Revenue Department (IRD); we help you understand where your company’s financials are heading and how to tackle any issues or plan for the future. We believe in building strong relationships based on trust and communication with our clients.
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What Are Financial Statements?
Financial statements are formal records of the financial activities and position of a business, person, or other entity. They include:
- Income Statement: Shows the company’s revenues and expenses during a specific period.
- Balance Sheet: Provides a snapshot of the company’s assets, liabilities, and equity.
- Cash Flow Statement: Details the inflows and outflows of cash.
- Statement of Changes in Equity: Shows changes in the company’s equity during a specific period.
Why Are Financial Statements Important?
1. Decision-making
Financial statements provide accurate data that can be used to make informed business decisions. For example, the income statement helps you understand your profitability, while the balance sheet gives insights into your company’s financial stability.
2. Compliance
Preparing financial statements ensures compliance with New Zealand’s financial reporting standards and regulations. This is crucial for avoiding penalties from the IRD and maintaining your business’s good standing.
3. Performance Measurement
Financial statements allow you to measure your company’s performance over time. By comparing financial data from different periods, you can identify trends, understand what works and what doesn’t, and make necessary adjustments.
4. Investor Relations
Investors rely heavily on financial statements to evaluate the viability and profitability of a business. Accurate and transparent financial statements can attract potential investors and satisfy existing ones.
5. Loan Acquisition
Lenders use financial statements to assess the creditworthiness of a business. A well-prepared set of financial statements can make it easier to secure loans or lines of credit.
The Oxen Accounting Approach
Comprehensive Analysis
At Oxen Accounting, we go beyond just preparing your annual accounts. We conduct a comprehensive analysis of your financial data to help you understand your financial position better. Our team ensures that all financial statements are accurate, timely, and in compliance with New Zealand’s accounting standards.
Strategic Advice
Our company director, Jeremy Wilson, brings 30 years of industry experience to Oxen Accounting. His extensive expertise ensures high-quality service and strategic business advice. We provide tailored financial solutions that help you tackle current issues and plan for the future.
Building Strong Relationships
We pride ourselves on our small, tight-knit team that works closely together to deliver exceptional service. Our collaborative approach ensures that every client feels valued and supported. We believe that strong relationships based on trust and communication are key to successful financial management.
Transparency & Simplicity
We prioritise transparency and simplicity in all our services. Our goal is to make financial information accessible and understandable for all our clients. We believe that informed clients are empowered clients.
Benefits of Accurate Financial Reporting
Improved Business Operations
Accurate financial reporting can significantly improve business operations. By understanding where your money is going and where it’s coming from, you can make more effective operational decisions. For example, you might identify areas where costs can be cut or where investment should be increased to boost profitability.
Enhanced Financial Planning
Financial statements are crucial for effective financial planning. They provide a clear picture of your company’s current financial situation, which is essential for creating realistic budgets and forecasts. At Oxen Accounting, we help you develop budgets that align with your business goals and ensure that you have a clear path to achieving them.
Risk Management
Financial statements help identify potential risks before they become significant issues. By regularly reviewing your financial data, you can spot trends that may indicate problems ahead. This proactive approach allows you to address issues early and mitigate risks effectively.
Better Tax Planning
Accurate financial statements are essential for effective tax planning. They ensure that all income and expenses are correctly reported, which can help minimise your tax liability. At Oxen Accounting, we provide comprehensive tax preparation and compliance services to ensure that you meet all regulatory requirements while optimising your tax position.
Let’s sum this up.
Preparing financial statements is not just about compliance; it’s about understanding your business’s financial health and making informed decisions that drive growth and profitability. At Oxen Accounting, we provide comprehensive financial reporting services that go beyond just preparing annual accounts. We help you understand your financial data, tackle current issues, and plan for a successful future.
For more information on how we can help your business with accurate financial reporting, visit Oxen Accounting today.
Contact Us
If you’re ready to set a new benchmark for your business’s financial health, contact us today:
Address: 156a Penrose Road, Mt Wellington, Auckland 1060
Phone: 0800 640 001
Email: hello@oxennz
Let’s build a prosperous future together!
Advantages of Accounting & Tax Advice under the New Zealand Accounting Rules
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Understanding the New Zealand Tax System
The Basics of NZ Taxation
New Zealand’s tax system is primarily administered by the Inland Revenue Department (IRD). Key components include Income Tax, Goods and Services Tax (GST), Fringe Benefit Tax (FBT), and other levies. Each tax type has its own set of rules and compliance requirements, which can be daunting for business owners to navigate without expert assistance.
Compliance and Regulations
Adhering to the NZ accounting rules involves staying updated with frequent changes in tax laws and regulations. This includes compliance with the Financial Reporting Act 2013, adherence to Generally Accepted Accounting Practice (GAAP), and ensuring all financial statements are prepared according to the New Zealand International Financial Reporting Standards (NZ IFRS).
Why Professional Accounting & Tax Advice is Crucial
Ensuring Compliance
One of the primary advantages of engaging professional accounting services is ensuring compliance with all relevant tax laws and regulations. Non-compliance can result in hefty fines, penalties, and even legal consequences. A seasoned accounting firm like Oxen Accounting leverages its extensive experience to keep your business compliant, mitigating risks associated with non-compliance.
Maximising Tax Efficiency
Professional accountants have the expertise to identify opportunities for tax savings and efficiency. They can provide advice on structuring your business in a tax-efficient manner, optimising deductions, and making the most of available tax credits. This proactive approach ensures that your business minimises its tax burden legally and ethically.
Accurate Financial Reporting
Accurate financial reporting is essential for making informed business decisions. Professional accountants ensure that your financial records are precise, up-to-date, and comply with New Zealand IFRS standards. This accuracy is crucial for stakeholders, including investors, creditors, and regulatory bodies.
Advantages of Working with a Small, Experienced Firm like Oxen Accounting
Personalised Service
A small firm like Oxen Accounting offers a level of personalised service that larger firms often cannot match. The close-knit team at Oxen works closely with each client to understand their unique needs and challenges. This personalised approach ensures that the advice and solutions provided are tailored specifically to your business.
Direct Access to Expertise
When working with a small firm, you have direct access to experienced professionals, including the company director. Jeremy Wilson, the Director of Oxen Accounting, brings 30 years of industry experience to the table. His hands-on involvement ensures that you receive high-quality service and strategic business advice from a seasoned expert.
Proactive Advisory Services
Small firms are often more agile and proactive in their approach. At Oxen Accounting, the team prides itself on being ahead of the curve, providing clients with timely advice and strategies to navigate changes in the tax landscape. This proactive approach helps clients stay ahead of potential issues and capitalise on opportunities for growth.
Services Offered by Oxen Accounting
Virtual CFO (VCFO) Services
For businesses that may not have the resources to hire a full-time CFO, Oxen Accounting offers Virtual CFO services. This includes strategic financial planning, budgeting, forecasting, cash flow management, and financial analysis. Having access to these high-level financial insights helps businesses make informed decisions and drive growth.
Tax Preparation & Compliance Work
Tax preparation is a critical aspect of any business’s operations. Oxen Accounting ensures that all tax returns are accurately prepared and filed on time, reducing the risk of errors or omissions. Compliance work includes adhering to all regulatory requirements, ensuring your business remains in good standing with the IRD.
Consulting & Coaching
Beyond traditional accounting services, Oxen Accounting offers consulting and coaching to help businesses achieve their goals. This includes business planning, strategy development, performance improvement, and financial management coaching. These services empower business owners with the knowledge and skills needed to drive success.
Financial Statements Preparation
Accurate financial statements are essential for understanding your business’s financial health. Oxen Accounting prepares comprehensive financial statements that comply with NZ IFRS standards. These statements provide valuable insights into your business’s performance and are crucial for securing financing or attracting investors.
Developing Budgets
Budgeting is a critical component of financial planning. Oxen Accounting assists businesses in developing realistic budgets that align with their strategic goals. Effective budgeting helps businesses manage their resources efficiently, plan for future growth, and track performance against targets.
Accounting & Tax Advice
Providing ongoing accounting and tax advice is a core service at Oxen Accounting. The team offers guidance on various accounting matters, helping clients stay well-informed about their business’s financial status. This advice is invaluable for making strategic decisions that drive profitability and growth.
Client Testimonials: Real-World Impact
Building Trust Through Results
Clients of Oxen Accounting consistently report positive experiences and tangible improvements in their businesses. For example:
- Tony & Sue Hawes from Mastercraft Kitchens Wellington highlighted how Jeremy Wilson’s presentations sparked their interest in Oxen Accounting. They appreciated his ability to simplify complex concepts and hold them accountable for their performance.
- Martin Wouters from Manage Group praised Jeremy’s strategic insights and the substantial growth achieved under his guidance.
- Melissa Brown from Bug King emphasised Jeremy’s approachable nature and instrumental role in shaping her business over ten years.
- Sarah Fairburn from Westward Cycle valued Jeremy’s genuine interest in understanding her business’s unique challenges and providing actionable advice.
These testimonials underscore the real-world impact of working with a dedicated, experienced accounting firm like Oxen Accounting.
Conclusion: The Power of Expert Guidance
In conclusion, navigating New Zealand’s complex accounting and tax landscape requires expertise, precision, and a proactive approach. Engaging professional accounting services ensures compliance, maximises tax efficiency, and provides accurate financial reporting. A small yet highly experienced firm like Oxen Accounting offers personalised service, direct access to expertise, and proactive advisory services that drive growth and profitability.
With services ranging from VCFO packages to consulting and coaching, Oxen Accounting supports businesses of all sizes throughout New Zealand. The firm’s commitment to client success is evident in the numerous positive testimonials from satisfied clients who have experienced significant improvements in their businesses.
For ambitious business owners seeking clarity, support, and freedom, partnering with Oxen Accounting provides a trusted pathway to achieving financial excellence. Contact Oxen Accounting today to discover how their expert guidance can transform your business’s financial management and drive long-term success.
For more information about how Oxen Accounting can help your business navigate New Zealand’s accounting rules, visit their website or contact them directly at:
- Address: 156a Penrose Road, Mt Wellington, Auckland 1060
- Phone: 0800 640 001
- Email: hello@oxennz
Developing Budgets for New Zealand SMEs: Advantages and Best Practices
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Why Developing Budgets is Crucial for SMEs
1. Ensures Financial Stability
Developing a budget helps ensure financial stability by providing a clear picture of the business’s financial health. It allows business owners to anticipate future cash needs, thereby avoiding unexpected cash shortfalls.
2. Facilitates Better Decision Making
A well-prepared budget serves as a roadmap for the business. It provides a framework for making informed decisions about expenditures, investments, and other financial commitments.
3. Improves Cash Flow Management
By forecasting revenue and expenses, a budget helps manage cash flow more effectively. It ensures that there is enough cash available to meet operational needs and helps in identifying potential cash flow issues before they become critical.
4. Enhances Performance Monitoring
Budgets set financial targets for the business. By comparing actual performance against budgeted figures, business owners can monitor performance, identify variances, and take corrective actions as needed.
5. Supports Strategic Planning
A budget is not just a financial document; it is also a strategic tool that supports long-term planning. It helps align financial resources with business goals and objectives, ensuring that the business is on track to achieve its strategic vision.
Best Practices for Developing Budgets
1. Start with Clear Objectives
Before you start developing your budget, it’s important to have clear objectives. What do you want to achieve with your budget? Are you looking to improve profitability, manage cash flow better, or support business growth? Having clear objectives will guide the budget development process and ensure that your budget aligns with your business goals.
2. Involve Key Stakeholders
Budgeting should not be a solitary activity. Involve key stakeholders in the budgeting process, including department heads, managers, and other team members. Their input can provide valuable insights and help in creating a more accurate and realistic budget.
3. Use Historical Data
Historical financial data can be a valuable reference when developing your budget. Analyse past revenue and expenses to identify trends and patterns that can inform your budget projections. However, be mindful of any changes in the business environment that may affect future financial performance.
4. Be Realistic
It’s important to be realistic when developing your budget. Overly optimistic revenue projections or underestimating expenses can lead to budget shortfalls and financial difficulties. Strive for a balance between ambition and realism.
5. Include Contingencies
Unforeseen events can have a significant impact on your business’s financial performance. Include contingencies in your budget to account for unexpected expenses or revenue shortfalls. This will help in ensuring financial resilience and stability.
6. Monitor and Adjust Regularly
A budget is not a static document; it should be reviewed and adjusted regularly. Monitor actual performance against budgeted figures and make adjustments as needed to reflect changes in the business environment or operational needs.
- Detailed Benefits of Developing Budgets
1. Improved Financial Control
Developing budgets provides SMEs with improved control over their finances. By setting spending limits and tracking expenses against the budget, businesses can avoid overspending and ensure that resources are used efficiently. This financial discipline helps maintain a healthy cash flow and prevents unnecessary debt accumulation.
2. Enhanced Profitability
A well-thought-out budget can significantly enhance profitability by identifying cost-saving opportunities and optimising resource allocation. By analysing each expense category and identifying areas where costs can be reduced without compromising quality or service, businesses can improve their bottom line.
3. Risk Management
Budgets play a crucial role in risk management by forecasting potential financial challenges and preparing contingency plans. By identifying potential risks such as market fluctuations, economic downturns, or unexpected expenses, businesses can develop strategies to mitigate these risks and ensure long-term sustainability.
4. Goal Setting and Achievement
Budgets provide a structured framework for setting financial goals and tracking progress towards achieving them. Whether it’s increasing revenue, reducing expenses, or expanding into new markets, a budget helps in setting realistic targets and monitoring progress over time.
5. Investor Confidence
For SMEs seeking external funding or investment, a well-prepared budget demonstrates financial competence and planning capability. Investors are more likely to invest in businesses that have a clear financial plan and are proactive in managing their finances.
6. Employee Engagement
Involving employees in the budgeting process can increase their sense of ownership and engagement. When team members understand the financial goals of the business and their role in achieving them, they are more likely to be motivated and committed to contributing to the company’s success.
Oxen take on Budgets
Developing budgets is an essential practice for SMEs in New Zealand aiming for financial stability, growth, and long-term success. By providing a clear roadmap for managing finances, budgets help businesses make informed decisions, improve cash flow management, monitor performance, support strategic planning, and enhance overall profitability.
At Oxen Accounting, we specialise in helping New Zealand SMEs develop comprehensive budgets that align with their business goals and objectives. Our team of experienced professionals works closely with clients to provide tailored financial solutions that drive growth and success.
For more information on how Oxen Accounting can assist you with budget development and other financial services, visit our website at https://oxen.nz or contact us at 0800 640 001.
Disclaimer: The information provided in this article is for general informational purposes only and should not be considered as professional advice. Please consult with a qualified accountant or financial advisor for specific guidance tailored to your business needs.
Oxen Accounting – Setting the new benchmark for NZ businesses.
The Advantages of Consulting & Coaching at Oxen Accounting
Consulting & Coaching are important part of what we do at Oxen. Here is a breakdown of the type and scope of services we can offer to our clients. In today’s fast-paced business environment, having a reliable partner to navigate the complexities of financial management is crucial. At Oxen Accounting, we provide top-notch consulting and coaching services designed to support ambitious business owners across New Zealand. With over 30 years of industry experience, our company director, Jeremy Wilson, leads a dedicated team committed to delivering tailored financial solutions that ensure client success.
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What We Offer
Our consulting and coaching services cover a broad spectrum of needs, ensuring that every aspect of your financial management is addressed comprehensively. Here are some key areas where we provide exceptional support:
VCFO Services
A Virtual Chief Financial Officer (VCFO) can be an invaluable asset for any growing business. Our VCFO services offer strategic financial oversight without the need for a full-time CFO. This service includes budgeting, forecasting, financial reporting, and strategic planning.
Tax Preparation & Compliance Work
Navigating the complexities of tax laws can be daunting. Our expert team ensures that all your tax obligations are met accurately and on time. We handle everything from tax planning to filing, ensuring compliance with New Zealand tax regulations.
Consulting & Coaching
Our consulting and coaching services are designed to provide you with the knowledge and tools needed to make informed business decisions. We offer personalised advice on various aspects of financial management, helping you understand your business’s strengths and weaknesses.
Preparing Financial Statements
Accurate financial statements are crucial for understanding your business’s financial health. We prepare comprehensive financial statements that provide a clear picture of your company’s performance, helping you make data-driven decisions.
Accounting & Tax Advice
Our team offers expert advice on accounting and tax matters, ensuring that you are well-informed and compliant with all relevant regulations. We help you navigate complex financial scenarios, providing clarity and peace of mind.
Developing Budgets
Effective budgeting is essential for business growth and sustainability. We assist in developing detailed budgets that align with your business goals, helping you manage resources efficiently and plan for the future.
The Oxen Journey: Our Approach
At Oxen Accounting, our primary focus is to ensure our clients have a ‘finger on the pulse’ of their numbers, operating at maximum profitability. Our collaborative approach allows us to work closely with you to deliver exceptional service, ensuring you feel valued and supported.
Dedicated Service Manager
Each client is assigned a dedicated service manager who acts as a single point of contact, ensuring seamless communication and personalised service.
Qualified & Accredited Team
Our team comprises highly qualified and accredited professionals who bring a wealth of experience and expertise to the table. Their insights and advice are grounded in practical knowledge and industry best practices.
Transparency & Simplicity
We believe in maintaining transparency in all our dealings. Our processes are straightforward, ensuring you understand every aspect of your financial management without any confusion.
Value-Added Service
Beyond traditional accounting services, we offer value-added services that contribute significantly to your business’s growth and profitability. Our goal is to be an integral part of your management team, providing strategic advice that drives success.
Tailor-Made Service / End-To-End Service
Every business is unique, and so are its financial needs. We provide tailor-made services that cater specifically to your requirements, offering end-to-end solutions that cover every aspect of financial management.
Why Consulting & Coaching Matter
The dynamic nature of the business landscape in New Zealand requires proactive management and strategic planning. Here’s why consulting and coaching services are indispensable:
Expert Guidance
Having access to expert guidance can make a significant difference in how you manage your business finances. Our consultants provide insights based on years of experience and industry knowledge, helping you make informed decisions.
Strategic Planning
Strategic planning is crucial for long-term success. Our consulting services include detailed planning that aligns with your business goals, ensuring you have a clear roadmap for growth.
Accountability & Governance
We help establish accountability and governance frameworks that keep your business on track. Regular check-ins and performance reviews ensure you stay focused on your objectives.
Problem-Solving
Business challenges are inevitable, but with the right support, they can be managed effectively. Our consultants help identify potential issues before they become problems, providing solutions that mitigate risks.
Improved Financial Performance
Effective consulting and coaching lead to improved financial performance. By optimizing your financial management practices, we help enhance profitability and ensure sustainable growth.
Client Success Stories
Our clients’ success is a testament to the effectiveness of our consulting and coaching services. Here are some testimonials from satisfied clients:
Tony & Sue Hawes – Mastercraft Kitchens Wellington
“We identified key areas where we needed professional assistance to ensure our business succeeds in the future. Jeremy made two presentations at conferences we attended; both were excellent. By the end of the second presentation, we knew we needed Oxen Accounting on board.”
Martin Wouters – Manage Group
“Thanks to Jeremy’s efforts, we grew our business by 74% in 2020 compared to 2019. Revenue is one thing, but profit is ultimately the most important driver, which increased fivefold during this period.”
Melissa Brown – Bug King
“Jeremy has always made it really easy to do business with him. He is approachable and down-to-earth. Jeremy has been instrumental in shaping our business, improving our practices, and helping us decide on pathways forward.”
Shawn McIsaac – Oculus Architectural Engineering Limited
“The Oxen team has taken a genuine and detailed interest in the operations of our business, really setting us up for success. Their knowledge around forecasting, tax planning, and asset protection has been key to supporting our rapid growth over the past two years.”
Conclusion
Consulting & Coaching services at Oxen Accounting are designed to provide comprehensive support for New Zealand businesses. Our tailored approach ensures that every client receives personalized advice and solutions that drive success.
Whether you need VCFO services, tax preparation, strategic planning, or general accounting advice, our team is here to help. Contact us today to learn more about how we can assist you in achieving your business goals.
For more information, visit Oxen Accounting or reach out to us directly at hello@oxennz or call us at 0800 640 001.
Oxen Accounting
156a Penrose Road
Mt Wellington
Auckland 1060
0800 640 001
hello@oxennz
By choosing Oxen Accounting for your consulting and coaching needs, you’re partnering with a team dedicated to your business’s growth and profitability. Let us help you set new benchmarks for success!
Grants Available!
For businesses currently operating grants of up to 50% are available to help fund our services. Contact us to learn more.
The Oxen Journey
Our primary focus is to ensure you have the ‘finger on the pulse’ of your numbers and operating at maximum profitability.
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Where to start with Cybersecurity
Where to start with Cybersecurity “Cybersecurity is only for big companies.” “We have nothing to hide/nothing valuable. Why would anyone attack us?” “This security thing is too expensive for us.” These are just a few of the most common responses I hear when I talk to...
Why outsourcing your marketing is better for business
Why outsourcing your marketing is better for business We like to think about marketing as a tool that drives the eventual generation of revenue; and revenue is what business is all about. Your marketing is so essential to your revenue because it generates the customer...
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