How do we do it?
 
Business Development and Growth Advice
 
Disclaimer: The following content is generic in nature and intended as a guide only. Specific advice will depend on the circumstances of the situation.
 
Growth is the goal of any business, and cashflow is the key. Sales are irrelevant if the business is yet to be paid. And being paid is irrelevant if the business spends everything it earns. The best foundation of any business is reliable cashflow. Identifying tax and structuring efficiencies to improve business cashflow is what we do. In many cases we work with enableMe to structure debt correctly. The optimal combination of floating and fixed debt ensures no opportunity cost is being incurred through making principal payments to a bank or finance company which are unable to be redrawn back down without the rigmoral of a lending application. Through having an optimal debt structure (a portion floating and a portion coming off fixed each and every year) any tax efficiencies can be sitting on the mortgage, saving interest in the mean time. When tax payments are due to be paid we simply draw down the funds and pay the tax. This cycle is the key to growth, because there is no point in spending a dollar in interest to save 30c in tax when you do not have to. This efficient strategy also creates opportunity. The whole time we are creating an 'available funds' balance on the revolving credit facility without knowing it.
 
Accounting and Tax Services

enable Business offers the usual suite of accounting and tax services covering all aspects of analytical reporting and support. We are fully qualified chartered accountants who have studied tax at 600 level university, as well as being experienced tax practitioners. 

• Preparation of periodical and annual financial statements
• Statutory Compliance (Companies Act & Financial Reporting Act)
• Maintenance of accounting records for statutory and taxation purposes
• Maintenance of Company Minutes and Resolutions
• Liaising with IRD and ACC on your behalf
• Ensuring tax compliance for all types of tax

Annual financial statements are for the year that has been, not the year in front of you, which means their relevance to the future of your business is often questioned. Our Team translates the financial statements into relevant information to help you make better decisions in your business. We provide forward focused advice to both grow your business and mitigate against your business’ risk.
Further, the Team at enable Business has an in-depth knowledge of the tax laws, rules and regulations. This knowledge enables us to help you make informed business decisions and take advantage of all legitimate tax initiatives. We have a proven track record in handling our clients' taxation needs.

Wealth Protection Planning and Execution

enable Business provides advice on how to protect you, your family and your business. We examine your situation and provide structuring analysis and recommendations. This can include: 

• Formation and administration of Companies
• Formation of Limited Partnerships
• Asset protection
• Trading and Non-Trading Trust formations
• Business protection
• Debt restructuring
• Insurance options, including income protection, Keyman Insurance and ACC Cover

Systems Advice

enable Business provides advice on the pros and cons of different accounting systems and advise which system is best suited to your needs. We make an effort to get to know you and how you and your business operate. This coupled with our experience and knowledge puts us in the best position to advise on what system is best for you and your particular circumstances. We are experienced at using most accounting systems including MYOB, Xero, Banklink, Quickbooks, Accounts Online, Smart, Moneyworks, Smartbooks, SAM and Cashmanager. We have a clear understanding of the pros and cons of each system which puts us in the prefect position to recommend which system is best suited to you. We can then explain why. There are a number of powerful marketing campaigns out there from software providers yet none of them will be tailored to your business. We urge clients to "proceed with caution" when changing accounting systems as we have seen numerous disasters. Good communication with your accountant is the key to ensuring a smooth transition between accounting systems no matter what system you have chosen.

Other Services

If you are serious about taking your business to the next level we can assist you to: 

• Accurately diagnosis the current financial position of your business
• Understand and articulate short and long term goals
• Develop a Business plan to achieve the goals
• Keep you accountable to your goals
• Business monitoring and monthly budgeting vs. actual analysis
• Forecasting of both future Cashflow and Profit & Loss
• Business Appraisals, Evaluation and Valuations
• Commercial and Residential property purchase advice
• Arrangement of short term finance for you and your business
• An analysis of the environment your business operates in which will include a SWOT analysis (Strenghts, Weaknesses, Opportunities, Threats).
• KPI (Key Performance Indicators) reporting