Chartered Accountants offering proactive advice to you, your business or your family trust
Wellington | Kapiti | Horowhenua

Need a local accountant to help you navigate business income tax?

Kapiti Chartered Accountants can act as your tax accountant and help you file your tax returns but we aim to become your trusted tax advisor so we can explain the tax implications of decisions that you make and you can take advantage of any laws that benefit you. People just like you, choose Kapiti Chartered Accountants for the following reasons: 

Getting sound advice from an expert tax return accountant means you will be taking advantage of any laws that benefit you:

We will help you determine the best structure for your activities. After taking the time to understand what you are trying to achieve we can tell you whether an ordinary company, a trust, a partnership or operating in your own name is best for you.Our tax accountants will make you aware of all the expenses you are entitled to claim. Many business owners are pleasantly surprised at the number of things that fall under this umbrella.If you are a company director, we can discuss how the timing of declaring dividends will impact on shareholders tax liabilities. If you are a Trustee, we can explain the implications of making distributions to beneficiaries. 

There are tax implications for most decisions that you make:

Our clients call us when they are contemplating changes, new ventures or significant purchases to see what tax implications they need to be aware of.Have you recently moved here from overseas, are you a Transitional Resident, are you thinking of moving abroad or are you thinking of transferring a UK pension to NZ? All of these situations have tax consequences. Our Chartered Accountants will help explain the consequences so you can make wise decisions.    

If you are behind in filing your tax returns we will help you get up to date. Sometimes we can use voluntary disclosures to get penalties written off. If you are having difficulty paying your tax we can help you set up a payment arrangement with IRD and they may even consider writing off some of your debt.

Tax laws are always changing. Kapiti Chartered Accountants are abreast with the latest tax rules, regulations and proposed changes as all Chartered Accountants are required to complete 40 hours of continuing professional development each and every year. Knowing what changes are coming, can help you prepare in advance.

We can tell you what records you are required to keep and help you decide on the best system or software to meet your needs. This means that if IRD ever asks to see your records, you will be ready.

If your business is being audited by Inland Revenue, we will walk you through exactly what is involved. Lisa’s experience as an investigator at IRD will make this process easier for you.
If you are looking to find a Chartered Accountant who will take exceptional care of all your tax obligations and entitlements, please contact us today.

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Your search for a trusted tax advisor ends with Kapiti Chartered Accountants

  • What impact will different structures and decisions have on your tax liability?
  • We are experts in business income tax and all kinds of tax returns.
  • As your tax agent, we can deal with IRD on your behalf.
Throughout Wellington, Kapiti and Horowhenua

Unsure about filing your business tax returns?

Kapiti Chartered Accountants can prepare all of the following and provide you with additional advice along the way:
  • Income tax
  • GST 
  • Employer Returns (PAYE)
  • Fringe benefit tax 
  • Requests for penalty remission
  • Requests for payment arrangements
  • Voluntary disclosures
  • Dividend Returns
  • IR833 when selling property
  • Information for IRD tax audits and investigations
Normally your income tax return must be filed by 7th July.
However, if you choose us as your tax agent we can get you an extended deadline at no extra cost. Once we have calculated what you owe, your tax for the year ending 31 March will be due to be paid by 7 April of the following year, whereas if you file your return yourself, it is due to be paid by 7 February.
The team at Kapiti Chartered Accountants can also offer tax management services for example:
  • Explain the advantages of tax pooling if you are late to make a payment. 
  • Advising you on the different provisional tax options:  Standard uplift; Estimation; AIM Method.
  • Reminders prior to tax due dates.

How to prepare for provisional tax when your business is new

In the first year that you start selling your product or service, you are not required to pay income tax as you go, but you will need to pay tax after your return has been filed. Therefore, it is wise to get into the habit of putting money away for tax, ACC, KiwiSaver and student loan repayments, as soon as you start receiving income. In your second year of business you may be required to pay provisional tax for that year, as well as tax for the previous year. Therefore, putting money aside in year one will help you meet your obligations in the second year.  

If you want to succeed, your business needs to be tax compliant. Our team at Kapiti Chartered Accountants can help you file your tax returns and explain how the complex tax laws apply to you. Contact us today to discuss your tax obligations, financial accounting and management, or any other small business accounting services.