Now that we are well and truly into 2024, I think it’s a perfect time to highlight the diverse range of business services that we're excited to offer you.
Bookkeeping:
Our dedicated team of bookkeepers are here to support you. When you partner with us, you’ll have a personal bookkeeper assigned to you, becoming an invaluable part of your business team. Let them handle the details so you can have the freedom to focus on what you do best.
Payroll:
Our team includes three payroll specialists well-versed in navigating payroll intricacies and are pros in deciphering the Holidays Act. Getting payroll right is crucial, and with our specialists at your fingertips, you have a reliable team to ensure accuracy and provide you with peace of mind.
Debtor Management:
Our debtor management specialist collaborates with various software and partners to cover all aspects of your business. From terms of trade, debtor workflows, invoice funding, installment arrangements and collection services, we're committed to helping you manage debt effectively.
Taxation & Compliance:
Our team of accountants manage tax and compliance for all your taxable entities, including Companies, Trusts, Partnerships, Investment Properties, Sole Traders, Look Through Companies and more. From annual income tax returns, financial reports, dividends, provisional tax management, tax planning, business restructuring, business set up, company office compliance, we're your go-to solution for any tax and compliance needs.
Business Advisory:
Our advisory services are pivotal for any business owner. We directly collaborate with you to shape a business that aligns with the lifestyle and freedom you work hard for. We offer business planning, coaching, cashflow forecasting, budgeting, annual accounts review sessions, and reporting.
The Business Advisory Trifecta is where the magic happens! We start by working together to create a dynamic one-page business plan. Next, we review your cashflow and identify areas for improvement. Finally, we’ll move into our quarterly accountability coaching sessions to help you drive your business goals. It’s a winning combination that will help you achieve success and reach your full potential!
Software Set Up & Training:
Our team has experience working with a variety of software, including accounting, reporting, debtor management, job management, payroll, POS, booking, and inventory management software, to name a few. We can help you get started and up and running, carry out conversions from one software to another, or provide training with existing software to ensure you’re getting the most out of it.
Business Valuations and Purchases:
If you’re thinking about selling your business, buying out shareholders, or bringing in new shareholders, we can help you out with a comprehensive 4-way business valuation. And if you’re just curious about the value of your business, we can help you with that too!
If you’re interested in purchasing a business and want to know more about its financial position or whether it would be a good investment, we can review financial information and provide you with recommendations. We’re here to help you make the best decisions for your business.
Not For Profit Reviews & Reporting:
For Not for Profits, we provide annual reviews, financial record management, and processes. For Incorporated Societies, Clubs, and Charities we can provide performance reports for compliance with legislative requirements. We also help set up and improve systems, manage day-to-day bookkeeping, and provide governance advice.
IRD Audit & Reviews:
If Inland Revenue come knocking on your door and put you into review or audit, we’re here to work through it with you. Consider Audit Shield Accountancy Insurance cover for added peace of mind. If you have an active policy at the time of review or audit with Inland Revenue, our time is paid for under the policy.
Summary of Rates
At My Two Cents, providing value has always been our priority. We’re not corporate accountants, we’re a family and community business and we take pride in offering high-quality accounting and bookkeeping services at a rate that positions us competitively within the industry. In case you missed our update email in November, here is reminder of our pricing alignment:
Pricing from 1st January 2024:
• Bookkeeping hourly rate $75 + GST
• Tax, Compliance & Advisory hourly rate $150 + GST
• IRD Review & Audit hourly rate $210 + GST
EOY annual filing fixed fees:
• Withholding Tax Contractors $695 + GST
• Sole Traders $895 + GST
• Limited Companies $1,595 + GST
• Partnerships $1,595 + GST
• Rental & Property Investments $1,695 + GST
• Trusts $1,895 + GST
• Priority Return Fee $200 + GST
• AML Annual Compliance Fee $150 + GST
• Annual Accounts Review Sessions $325 + GST
Our fixed fees and monthly packages are still the best way to get as much value as possible out of the services you receive. Please also remember that any work requested outside of our fixed fee packages will be charged as out of scope work. Where possible, out of scope work will be identified and clients will be notified before the work is completed.
For those of you on fixed fee packages, proposals are renewed annually and renewals will start rolling out shortly for April 2024. Please touch base prior if you would like to change anything.
We're excited at the prospect of supporting your business journey in the coming year. Should you have any questions, ideas, or just fancy a chat about your business aspirations, don't hesitate to reach out. Here's to a prosperous and joy-filled year ahead!
Ngā mihi,
Haley and The My Two Cents Team
Zoe, Natalie, Maris, Mackyla, Jo, Tiff, Sonja, Tracy, Elizabeth, Celine, Charlotte and Michelle
