Running a small business is a rollercoaster of highs and lows. Overcoming challenges, moments of loneliness, and a steep learning curve. Yet, this journey offers unparalleled opportunity for inspiration, freedom, and reward.
At Vivid Accounting, we stand by small business owners not just as service providers, but as partners. We walk shoulder to shoulder with our clients, aiding you in the hard times and celebrating your victories, ensuring that your story is one of success.
Figuring out your annual taxes can distract you from doing what you do best. At Vivid, we take the reins on preparing your annual accounts and tax returns, allowing you to direct your energy towards growing your business.
Preparing annual financial statements
Preparing and filing tax returns with Inland Revenue
Inland Revenue tax agent
Business guidance and health checks
GST and PAYE returns are filed often enough that they can disrupt your workflow and make your feel like you’re re-learning the process each time. Our team makes sure that your GST and PAYE obligations are met with precision and efficiency, so that your business won’t skip a beat.
Preparing and filing GST returns with Inland Revenue
PAYE payday filing with Inland Revenue
Preparing and filing FBT returns with Inland Revenue
Support with reconciliation in Xero and other accounting admin
It’s a balancing act to stay on Inland Revenue’s good side but make sure you’re only paying as much tax as you need to. We navigate these laws to get the best outcomes for your business while complying with tax laws. We stay on top of the changing tax landscape so you don’t have to.
Provisional tax reminders and payment advice
Tax efficient decision making and tax planning
Specialist tax advice
Absolutely, that’s exactly what we do best! As part of preparing the annual financial statements and tax returns, we’ll check through your business transactions and make sure to include everything you’re allowed to claim.
If you have any questions during the year, or you just want to understand how the accounting process works a bit better, we’re right here and happy to talk you through.
This is a really simple process from your end, but every firm has their own way of doing things. If you move to us at Vivid Accounting, once you’re happy to engage, we’ll prepare our engagement documents for you to sign.
As part of this onboarding process, we’d get your previous accountant’s details, and we’ll send them our professional clearance letter to let them know you’re moving to us. We also request from them copies your last tax returns and access to your Xero accounts if you use them. As a courtesy, we do recommend that you get in contact with them to give them a heads up that we’ll be in touch.
While your business is small, we recommend having a separate bank account which all your business transactions go through. This means all your business data can be exported easily from your online banking when we need to prepare anything for you.
When you’re ready to take the leap, we highly recommend using Xero as your accounting system. It’s intuitive, easy to learn to use, allows us real time access to your financial data, and if you make any mistakes they can be undone!
From our experience this is a really simple and easy rule to follow which makes sure you have the bulk of your tax bill set aside for when it’s due. When the time comes, we’ll let you know exactly how much to pay to IRD and when.
We completely appreciate life has a way of getting complicated and sometimes things just get missed out. We’ll make sure to prioritise getting your overdue returns prepared and filed quickly with IRD to minimise any negative impact to you and your business.
As a tax agent, we’re able to speak to IRD on your behalf and smooth over any possible lumps and bumps. We have a wealth of experience interacting with IRD on sensitive issues for our clients and we approach this with respect and tact so that we can get you the best outcome.
You definitely can! Our team has seen a lot in the small to medium business scene and will have some experience we can share to help you through. We understand that running your own business means wearing a lot of different hats.
Every empire had to start somewhere. Vivid Accounting provides tailored support so that you can build your business your way and leave a lasting impact.
