What can Infinite Possibilities do for you?
We can do the following for you:
The list below is not necessarily a complete list of what we can do for you. If there is something you need, but it is not listed below, then why not contact us to discuss your needs? We may have overlooked what you need from our list. And if we can't provide you with the service you need, we will gladly point you in the right direction toward those who may be able to help. All at absolutely no cost to you.
Starting up a new business
- Advice on reducing the burden of administration.
- Ensuring you maximise any claims for income tax.
- Choosing the best tax structure to suit your individual circumstances whether it is a sole trader, company, partnership, family trust, or other type of entity.
- Helping you set up the tax structure you have chosen (e.g. complete registration of company with the Companies Office and all tax registrations with the IRD).
- Help you set up your accounting systems if you would like to manage your own accounts.
- Assist you in preparing budgets and cash flow forecasts.
- Assist you in arranging finance for your new business.
Buying a new business
- Advice to minimise your cost for the purchase of any business.
- Help you with the due diligence process.
- Checking the viability and profitability of the business through ratio analysis.
- Negotiation of the purchase price and value of the business so you don’t pay more than you have to.
Funding Applications
- Checking funding applications.
- Helping you negotiate with the funder.
Computerised Accounting Systems
- Assisting the set up of accounting software.
- Support and training on accounting systems.
- Checking of your computerised accounting system information and suggestions for improvements on data entry or system use.
- We have experience with a large variety of accounting software packages, from Quickbooks, to MYOB, to Xero, to Exonet and higher end packages.
Business Support, Planning
- Taxation advice relating to any transaction you have (or are planning) on undertaking.
- Comparing your business performance with other businesses in the same industry or geographic area to identify areas that need improvement.
- Support, help, and advice with running your business.
- Creating budgets for cash flow planning.
- Checking costs versus benefits for any investment decision whether that is buying an asset, selling an asset, or incurring an expense.
- Preparation or checking of periodic reports for management decisions.
- Checking of your current business structure and providing you with restructuring advice to maximise returns and minimise costs.
Dealing with IRD
- Preparation of annual periodic financial statements and income tax returns for your business.
- As your tax agent, you'll get an extension of time to 31 March 2011 within which to lodge your 2010 income tax returns (as opposed to 7 July 2010).
- Preparation and lodgement of GST returns, FBT returns, and PAYE returns.
- Checking of income tax returns or GST returns.
- Negotiating with IRD over repayment proposals.
- Dealing with disputes with Inland Revenue Department.
Selling your business
- Preparing your business for sale.
- Maximising your return if you're selling your business.
- Providing advice on the taxation implications.
Winding up or closing down your business
- Striking off a company from the Companies Office register.
- Dissolving trusts.
- Notifying IRD of cessation of business.
- Deregistration from GST.
Trusts
- Forming your trust.
- Guidance with the ongoing management of your trust to best protect your assets.
Companies
- Formation of a new company.
- Dealing with any changes in directors, shareholders, addresses or other company administration.
- Lodging your Company Annual return with the Companies Office.
- Help to remove your company from the Companies Office Register.
- Striking off of your company from the Companies Office Register.
Coaching/mentoring
- Providing you with feedback, insights and guidance from an outside vantage point to help you take action.
- Helping you identify your life goals.
- Assisting you with the development of an action plan aimed to achieving your life goals.
- Providing guidance to help you overcome hurdles in business more easily than if you faced those hurdles yourself.
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