Services
Gone are the days where a good accountant was just a boring number cruncher who told you how much tax to pay and then sent you on your way.
We know that financial statements can only tell so much – they tend to be rearward looking and tell a story of “what has happened last year,” but offer little guidance looking ahead.
It is important for businesses to be at the forefront of modern advances, planning ahead of the curve. We can help with this.
We have a team with extensive experience working across a range of industries who can deliver insights and forward thinking.
With our expertise, advanced reporting and advisory services, we have all the tools you need to help you make the right decisions for your business future and investments.
Regular, tailored reporting can be hugely beneficial to a growing business. We can offer monthly, quarterly or six-monthly reporting that focuses on important areas you want to keep track of.
We can look at all range of information, be it financial performance, asset position, debtor and creditor aging, inventory movements, expense variations and all manner of specified data that is relevant for your business.
With success comes profit, and with profit comes… tax! We know there is little worse than businesses getting eye-watering, unexpected tax surprises whenever they have a good year and not enough contact with their accountant. It is often avoidable too.
Along with our usual tax notices, we offer a convenient “check-in” service at regular intervals during the year where we run through your current year profitability, and help you plan ahead for your tax payments and best manage your cashflow.
We are also proud partners of Tax Management New Zealand (TMNZ). TMNZ offer tax financing solutions with low interest rates as well as flexible options to defer tax payments in a manner that works for your needs. As partners, MDA has the ability to directly make arrangements on your behalf in a matter of minutes.
Are you struggling to pay your bills on time or wonder where all your money is going? Even highly profitable businesses can find it a challenge to manage cash effectively and need a plan in place to keep things on track.
Looking in the rear-view mirror at reports based on the previous year is no guarantee to future success. That is why good planning (which is what a budget is) is essential for successful businesses going forward.
Banks and lenders are increasingly relying on forecasts and budgets and less on financial statements when making lending decisions.
A well-prepared cashflow budget takes all your expected income, expenses, capital spending and tax commitments among other areas into account, in combination with market assumptions, and creates a plan of attack in how to manage your expected cashflow peaks and troughs.
Whether you are considering selling your business or buying a new one – we have some of the best valuation tools, not to mention expertise available to help conduct due diligence for one of the biggest decisions you can make.
A business valued and marketed accurately could be the difference between selling well for a secure retirement or not.
On the flipside. it could also be the tool to help ensure you are paying the right price to set off on your venture as well as possible. These are crucial decisions and the stakes are high. Give us a call if you are thinking of buying or selling.
Trusts have been around for decades and need little introduction. Many families, individuals and businesses have Trusts set up to both protect important assets and help distribute assets upon final distribution. Some businesses even operate out of Trusts the tax / income distribution structure works appropriately. Trusts certainly do remain the most appropriate entity for effective asset protection, but managing and reporting for them has changed drastically over the past year.
It is very common for many trusts with little activity, particularly those holding limited or passive investments such as a family home, to lie a bit neglected and unnoticed in the background. Without taxable activity, many argue there is little benefit to maintaining financial statements or preparing annual resolutions. Some such trusts have operated this way for decades. With the new rules in place, many of these practices will need to change. Failing to maintain appropriate financial statements and resolutions could breach the information and duty of care requirements of Trustees, which risks falling foul of the new Trust Act.
Even in a practical sense, if financial statements have not been regularly prepared, trust resolutions not maintained and an IRD number not applied for this can lead to delays and costly administrative time when it comes time to sell a property, re-finance, restructure the trust or begin the process of winding up the trust.
With the above in mind, we felt it important to simplify the increasingly complex world of trusts by offering the Trust Healthcheck service with the objectives to not only check compliance, but also the entity is fit for purpose and operating smoothly well into the future.
Leadership, direction, support and encouragement are essential in almost all aspects of life. Whether it is teachers in the classroom, leaders in the workplace or coaches on the sports field – great advice and support can make all the difference between achieving your dreams in life or not.
We would never pretend to know how to perform your work or run your firm – but you can count on us to be your biggest cheer-leader in business and helping you put your aspirations into reality.
Whether it is creating or evaluating a business plan with you, checking in on KPIs and targets, working with you to solve problems, or pointing you in the direction of other contacts or professionals or even just being a friendly ear now and then – we are always here to support you.
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