Tax advice and financial reporting help you understand what your numbers are telling you and make sure your business is structured in a way that supports your goals.
Annual financial statements tell you what happened last year, while management accounts give you a picture of where things stand now and help you make decisions throughout the year. We work with you to set up reporting that is relevant to your business and provide ongoing tax advice as part of our relationship with you.
How we can help
Our tax advice and financial reporting services are tailored to your business and what you need at each stage.
01
Tax structuring is about making sure your business is set up in the most appropriate way given your income, your assets and your goals. Each year we review whether your current entity structure – whether that is a company, trust, look-through company, sole trader, or a combination – still makes sense, and advise on any changes that may be worth making.
02
Management accounts are financial reports prepared for you throughout the year, rather than just at year-end. They cover profit and loss, balance sheet and cash position, with commentary on what has changed, the reasons behind those changes and what it means for your business.
03
We can review your tax position throughout the year and identify and planning opportunities based on your circumstances. This can include reviewing your provisional tax, the timing of income and deductions, and any upcoming changes that may affect your tax position.
04
A budget sets out what you expect your revenue, costs and profit to be across the year. We build this from your actual numbers and can update it as the year unfolds, so it remains a useful reference rather than a document that gets filed away after the first month.
05
If you need financial reports for a bank loan application, an investor, a potential buyer or a commercial lease, we can prepare these and provide the commentary and context the other party needs to understand your business.
06
For clients who want more visibility than a standard profit and loss provides, we can set up reporting around the metrics that matter most to your business, such as gross margin by service line, how quickly customers pay, or revenue per employee.
07
If your current structure no longer fits your situation, we can recommend any changes that may be needed and help manage the restructure through to completion, including any IRD registrations, asset transfers and updated filing obligations.
08
If you are thinking about selling your business in the next few years, the structure and financial presentation of the business matters. We can advise on the tax implications of different structures, prepare buyer-ready financial reports and work alongside your legal advisers through the transaction.
Questions
More questions? Please reach out to our team.
Annual financial statements provide a formal record of your business’s financial performance and position for the year. They are prepared annually and look back at the financial year that has passed. Management accounts are designed to give you a more current view of your financial position and help you make informed decisions as the year progresses.
We look at the entities you operate through, where your assets are held and how income is distributed, and consider whether the overall structure is still appropriate given your income, your family situation and goals over the next few years. If a change is worth making, we explain what is involved and what it would cost before you decide whether to go ahead.
Tax compliance (annual compliance) covers the returns and filing requirements your business needs to meet. Tax advice looks beyond those requirements and considers how your business is structured, your wider circumstances, and any opportunities to manage your tax position effectively.
Common trigger points include significant business growth, a new director or shareholder coming into the business, changes in your personal circumstances, or planning for a future sale. It is generally better to review your structure before a major change or decision is underway, so there is time to consider available options, and any tax implications.
Let’s talk
Book a no obligation discovery call with Jeremy to discuss your business and how tax advice and financial reporting could help you make more informed decisions.
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