Management Accounts

We prepare monthly, two monthly and annual financial statements depending on the frequency of your requirement. We use accounting software “Xero” to produce accounts quickly and have systems in place to ensure that they comply with current Accounting Standards.

It is important to have your financial statements on hand at all times so that you as the owner or shareholders will know the current financial status of your business, assist you with informed financial decision that will affect the health of your business.

We at Salone’ Accouting Services will assist in making such informed business decision by preparing financial statements, analysis and recommendations as to how operate and grow your business so that you can reach the objectives and mission of your business.

 

Taxation.

With our experience in all types of tax returns, we can support and assist you in all dealings with IRD, from filing returns, arrange payments proposals, tax planning and advice and any other tax queries. Some of examples of our tax services are listed below.

 


Goods & Services Tax (GST)

Goods and Services Tax (GST) is a tax collected on most goods and services you buy in New Zealand as well as some imported goods and imported services. GST is added to the price of taxable goods and services at a rate of 15% and is collected on behalf of IRD.

Register for GST

gstIt is compulsory to register for GST if your turnover or if you carry out taxable activity over $60,000 in the past 12 months or expected your turnover to over $60,000 for the next 12 months or if your turnover is less than $60,000 but GST is included in your prices e.g taxi drivers where GST is included in their fares.

You can also volunteer to register for GST even if your turnover is less than $60,000.as long as carry out a taxable activity.

Once you register for GST you are obliged to file GST return either on a monthly, two monthly or six monthly basis.

Any further questions on GST? Please contact us now at Salone’ Accounting Services on 021 061 0074 or This email address is being protected from spambots. You need JavaScript enabled to view it. for a quote on our GST services which includes GST advise, registration, preparing and filing returns.

IR3

ir3It is a statutory requirement by IRD that anyone who earns any type of extra income not classified as salary, wages, dividends, interest, and/or taxable Maori authority distributions to file an IR3 tax return. This includes but not limited to Sole Traders, Contractors, Scheduler Income Earners who pays scheduler tax payments (withholding tax), Self Employed, Rental Property Owners, Directors of companies, Overseas Income Earners, Overseas Income Interest and Dividends with no tax deduction overseas, and also anyone who has earned any form of income with no tax deduction on it, such as cash jobs.

IR3 is completed annually at the end of the tax year to determine the amount of personal income and the amount of tax to be paid.

Other circumstances where you will also need file an IR3 return if you have losses to claim or brought forward from the previous year, declared bankruptcy part way through the tax year, received allocated income from a portfolio investment entity where income was taxed at an incorrect rate. For a full list, please refer to the IRD website.
Not sure whether to file an IR3. Contact us at Salone’ Accounting Services on 021 061 0074 or This email address is being protected from spambots. You need JavaScript enabled to view it..">This email address is being protected from spambots. You need JavaScript enabled to view it.. We will check for you immediately your tax obligation, and if you are required to file IR3, we will advise you of the next step going forward.

PAYE and Withholding Tax

payeWhen you start employing staff, you must register with IRD as an employer. As an employer, you have tax responsibilities relating to your staff. This includes ensuring new employees complete a tax code declaration, making correct salary deductions and filing employer return You must also decide whether your staff are employees or self-employed contractors as the tax treatment for each is different.
For more information your responsibilities and obligation as an Employer click here……………(link to IRD).
Need further help? Please contact us now at Salone’ Accounting Services on 021 061 0074 or This email address is being protected from spambots. You need JavaScript enabled to view it. for a quote on our Payroll services which includes payroll advise, process, prepare and file PAYE returns.

 

Accounting Systems

We use Xero Accounting systems designed for small business. It is simple, secure and you get access 24/7.
xero

Find out More

 

Business Structure and Formation.

It is important to decide on your business structure right from the outset before you can start your business. As changing from one structure to another can be very costly.

Whether you are thinking of running your business as a Sole Trader, Partnership, Company, Trust or LTC we can help you decide which structure suits you best? Please contact us now at Salone’ Accounting Services on 021 061 0074 or This email address is being protected from spambots. You need JavaScript enabled to view it. for a free consultation.

 


Statutory Maintenance.

We also can form a company for you at a competitive price of ($250+GST), which includes reserving your company name, registering your company with the company’s office, application for IRD number, GST and employer registration, minute book and documentation as required by the Companies Act 1993.

We also file your annual return with the company’s office from $100 plus GST as well as updating your minutes and resolutions, directors and shareholders details. This will ensure that you meet your statutory requirements with the company’s office throughout the Year.

 

Other

Salone’ Accounting Services has a variety of experience from the areas of accounting and tax. We will update you on all current legislation and any changes that will occur.

For a quote on our services please contact us on 0210610074 or at This email address is being protected from spambots. You need JavaScript enabled to view it.