9 reasons you need an accountant for your small business

We know that for most small business owners tax can be a big headache and even keep you up at night. We’re here to help you prepare and file accurate tax returns – on time – so that you don’t get any nasty surprises.​

Read more: Help us reduce your tax bill!​

Tax rules change quite often; it can be hard to keep track. It’s our job to know the rules and requirements. We can pass that information on to you in plain English, so you don’t have to waste time trying to decipher what’s expected of you as a small business owner. We can also alert you if you’re not tracking to budget and give you a heads-up if a tax bill is due soon.​

Bookkeeping, liaising with the IRD, filing returns, and calculating what you owe and what’s owed to you takes time and effort. By delegating this work to a small business accountant, you get back your time to work on the things you went into business for.​

A good small business accountant will not only look back at your past year’s figures, but help you look forward with a solid financial strategy and realistic goal setting. We can give you advice on whether you should be reinvesting more in your business and how to make your business more profitable and resilient.​

Modern accountants for small business like Beany know how to harness the latest technology to take care of the boring, repetitive stuff. Software like Xero allows you to see your financials in real-time – you can even send an invoice while you’re waiting for your Uber. ​

Cashflow and money woes are one of the biggest reasons why small businesses fail. We can help you understand and interpret your figures so you can be confident on your financial position and make changes before it’s too late. ​

For example, it’s important to understand the difference between revenue and profitability, and whether you’re paid on time or need to change your payment terms.​

We can help you reduce your wastage and identify areas where you might be overspending. We can also help minimise your tax bill because we know what you can claim – and often it’s more than what you’re currently claiming.​

We find that small businesses without accountants can easily spend days come tax time to get all their records together to file their return. They may have a basket of receipts sitting under the desk or data stored across several spreadsheets. The money that you thought you were saving not having an accountant you will probably lose in earnings (and then some). We help you avoid last-minute panic by helping you keep your records straightforward and up-to-date. This makes filing your end-of-year return and GST returns quick and simple.​

Let’s face it, as a small business owner you’ve already got so many tasks to keep you busy. You’re meant to be the one coming up with the ideas, making them happen and promoting them. ​

Delegating your tax returns, GST filing, bookkeeping and more can take a big load off your plate. You can look forward to getting your evenings and weekends back. ​

Beany loves looking after accounting for small businesses across New Zealand in a range of industries. No matter the age or stage of your business, we take a forward-looking approach, to help you feel empowered with the right financial information at the right time. We believe that your accountant should be on your side, supporting you to make decisions that are right for you and your business.​

We have a dedicated team of remote accountants to take care of your business no matter where you are, so you can focus on growing your business. We remove the “fluff”, break down barriers, and get things done. ​

You can choose from a range of packages for a fixed monthly cost and pick n mix extra services like GST returns and bank reconciliation. Get in touch today.​