Business health check
Things to do this month
By now you should be thinking about whether you have all the information you need to give us to complete your annual accounts.
If you haven’t, put getting the information together to give to us at the top of your to-do list.
Run your eye over all your compliance activities – not just FBT. Are you recording all income accurately and paying the right amount of GST? Are your PAYE systems robust?
Ask yourself: “If IRD audited the business tomorrow, would I be able to provide them with full and accurate records?” If not, put things right asap. And if you’re not sure, call us for a chat.
Being the beginning of a new income year, it’s also crucial that you plan and budget for the coming year if you haven’t already – cashflow is king!
Managing your cashflow by having a good picture of your expected income and expenses (including tax payments) will help plan for the best timing of capital expenditure or coping with requirements of increased stock levels for your business. We can help you with this – give us a call.