Accountants check your Xero file and make sure you’ve claimed for everything you can and make sure you’ve got it right. It is normal that business owners make mistakes in their Xero file as they don’t know all the details of tax and company law. So we check to bank statements, loan documents and everything else to verify your xero file is correct. We look at every transaction in your file, making sure it’s coded correctly.
Once the file is right, we prepare the financial statements that Companies Office needs if you are a company and that you need, if you’re a business owner. They show how the business has done for the year and whether you’ve made any profit.
We think really hard about how we can structure your business and personal affairs to pay the least amount of tax you legally can. Then we prepare, file and check your tax returns.
You might think, so what? Well, on average Beany reduces our client’s tax bills by $4,037 every single year.
It’s also our job to explain what it all means, how much tax you have to pay and when. We also answer any question on your business finances that you have during the year and are here to go into bat for you when you need support at the bank, the IRD, or anything else on the financial front.
During the year we also organise refunds for you, transfer credit balances, remind you when to pay tax and remind you again if you forget.
We’ll also keep an eye on your IRD account and negotiate for you if you can’t pay your tax.
All this takes us hours and we really care. So that’s what we actually do.