Why should you outsource?

When you are just starting out with your own business, you are fine doing your own accounting. As your business expands, you find it difficult to manage both, thereby finding the need to outsource your bookkeeping needs. Outsourcing reduces your workload and helps you concentrate more on your business development. When you outsource, all the complicated pieces of a puzzle fall into place and it solves most of your accounting issues, particularly Auckland tax.

Need help with your Auckland tax issues?

Accounting is not merely numbers and calculations; it’s all about analysis and interpretation of data.  It’s always good to hire a professional accountant to whom you outsource your tax work, as financial legalities are better understood and handled by them. By entrusting a professional accountant with all your bookkeeping work, you get to save more by way of tax because they have a systematic and knowledgeable approach to tax compliance and annual reporting.

Who should file a tax return?

People who are self employed, those that own a rental property and those who get an additional income or income from other countries are usually required to file an Income Tax return. Maintaining accurate financial records is a must for any business; this is important, not only for regular monitoring and development of the business, but also to carry out the most essential duty of a business, namely Auckland tax.

Recent tax changes

With several Auckland tax changes introduced as part of the NZ Budget 2010 with effect from 1^st October, 2010, it is imperative to incorporate these changes before calculating and submitting tax returns during this financial year. A few of these include changes in:

• PAYE for the employer
• Company tax rates
• Property tax
• Capital contributions
• Provisional tax for some taxpayers
• GST for businesses

These changes to Auckland tax have been introduced with the prime objective of replacing paperwork with the use of the latest technology. Use of software like Quickbooks and MYOB increases accuracy and efficiency thereby reducing cumbersome paperwork. For more details regarding Auckland tax and all the rules and regulations that go with it, you can visit http://www.ird.govt.nz/news-updates/campaign-budget-2010.html or contact us at CM Business Services Limited, Auckland for a free consultation.

Stepping stone to success

By outsourcing your Auckland tax work to us, you stand to gain a lot of time and money. You can focus on your business development, leaving us to worry about your tax calculations and returns submission.