Benchmarking

Have you ever wondered how your business performs compared to your competitors? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? What is the average bottom line of your competitors?

Survival in today’s business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative benchmarking reports – allowing you to:

  • See how your business compares against your competitors
  • Understand how the rest of your industry works
  • Analyse the key performance indicators of your industry

Armed with this information, we’ll work with you to develop action strategies to improve your bottom line.

Bookkeeping/accounting

Modern business demands up to date accurate financial information.

We can relieve you and your staff of an enormous burden by taking care of all your bookkeeping and accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes.

We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.

Budgeting

A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.

The techniques we utilize in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business.

In addition to goal setting value, budgets will often improve your chances of acquiring funding as financers often require forecasts as a prerequisite for funding approval. Cashflow forecasting is a vital part of ensuring your business will always have the cash it needs, because profits don’t pay bills – cash does.

There are many types of budgets and we can help you design the right budget for your needs and requirements. Let us show you how a budget and a cashflow forecast are able to provide feedback to allow you to prepare for the future of your business.

Business Start-up

Let us help you turn your business idea into a reality.

If you have a good idea for a new business venture but don’t have expertise in the legal or financial aspects of creating a new business, we can help you:

  • Decide on the most suitable structure for your business - sole trader, partnership, or limited company
  • Prepare a business plan, cashflow projections, budgets, and trading forecasts
  • Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
  • Establish a good working relationship with your bank
  • Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
  • Deal with company secretarial issues
  • Set up a recording system for your internal use and for complying with statutory requirements

Cashflow Forecasting

Have you ever wondered if you are holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month?

Survival in today’s business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative cashflow forecasting reports – allowing you to:

  • Realize and understand when cash is available
  • Plan and prepare for expansion, stock control, and taxes
  • Analyse and anticipate key expenses

Armed with this information, we’ll work with you to develop action strategies to improve your bottom line

Financial and Investment Planning

Financial planning ensures your financial goals can be met through the development of comprehensive and effective strategies that will strengthen your financial security. These strategies provide a source of income other than your business or employment income.

Gunson McLean works alongside NZ Funds Private Wealth who provide our clients with an integrated wealth management service. NZ Funds Private Wealth sees wealth management as being the integration of advice and investment management.

NZ Funds Private Wealth puts sophisticated and proprietary planning tools and expert advice to work for New Zealanders. Their goal is to help you make sound well-informed financial decisions. 

Their client advisers achieve this through an interactive advice process which enables clients to see and understand the factors that influence their wealth. 

NZ Funds Private Wealth work with those in the process of accumulating wealth, those seeking income in retirement and those with broader intergenerational wealth management challenges. 

If you would like to discuss your investing objectives with one of the NZ Funds Private Wealth advisers, click here for NZ Funds contact details.

To learn more about NZ Funds Private Wealth, click here.

Financing

A wide range of financing options exist, all with their pros and cons. At [Firm name] we know the financial market, and have the experience to assist you in securing the best financing option for your personal and business goals. Our experience in the market means we are also able to structure debt upon acquisition to maximise tax advantages.

Let our experienced team explore with you the best financing options to get your business closer to its goals.

Management Consulting

Our aim is to ensure your business achieves the potential it’s capable of. We have the know-how and experience to offer advice to help you run your business more effectively.

We are practiced in acting as a sounding board for management, bringing to the relationship years of experience in business growth. We can identify key performance indicators in your business, through which you will see the positive changes occurring with the help of our professional consultants.

We are able to check your business is as competitive, focused, and profitable as it can be. We then offer flexible strategies, designed to address the issues affecting your business.

Let us give your business a health check. Take the practical advice we can give to ensure the continual success of your venture.

Office Duties

Here at Gunson McLean Ltd we understand the day to day office duties are not everyone’s cup of tea. To this end we are happy to help out with some or all of the following services:

  • Wages Processing
  • Payment and processing of creditors
  • Collection and banking of debtors
  • Various secretarial tasks
  • Training in Office duties

Payroll Services

Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & employment legislation is growing increasingly complex.

We can relieve you of this burden by providing a comprehensive and confidential payroll service, including:

  • Customised payslips
  • Administration of PAYE, statutory sick pay, annual leave etc
  • IR-Filing to the IRD
  • Summaries and analyses of staff costs
  • Administration of incentive schemes, bonuses and termination payments

Even if you have only a few employees, you will make savings by engaging us to administer your payroll.

Software Solutions

Let us help you make the right choice when it comes to accounting software.

A decent accounting system will help you keep track of your cashflow and give you the option to complete GST Returns easily.

Choosing the right system for your business can be a difficult one – after all there are over sixty different accounting packages available in New Zealand. Here at Gunson McLean Ltd we have invested considerable resources into on-going staff training to ensure we are able to recommend the best accounting solution for your business.

Strategic planning

The pressures of daily business can often mean strategic planning takes a back seat – but to have a successful business you must plan ahead.

We’ll help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.

Your strategic plan will:

  • Define the characteristics of your company in three to five years
  • Identify your competitors
  • Define your objectives and financial goals
  • Put in place an effective implementation plan to achieve your goals

FBT Management

The rules relating to FBT payments change on a regular basis. At Gunson McLean Ltd we keep up to date with the world of tax and are able to give accurate advice on the preparation of FBT returns.

We are also able to advise on the FBT consequences of proposals you intend to make, allowing you to make fully informed decisions.

Rather than paying excessive amounts of FBT, let the experts answer your tax queries. We can assist with the development and administration of a cost-effective employee benefit plan.

GST

GST legislation is an area we know like the back of our hand. We are able to offer accurate, timely assistance in a number of areas. These include:

  • Registration queries
  • Preparation of GST returns
  • Filing and adjusting GST returns
  • IRD audit assistance
  • Specialist events involving GST - eg sale or purchase of property

Taxation

At Gunson McLean Ltd we offer a full range of Taxation Services. Our taxation consulting division is nationally recognised which means we can offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.

Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.

We provide a complete service of help and advice in all of the following areas:

  • Preparation of personal & company tax returns and advice on payment of tax
  • GST/FBT/ACC obligations
  • Advice on and implementation of tax effective trust structures for asset protection and tax minimisation
  • Management of any IRD Audits or disputes

Charitable Trusts

Charitable trusts are trusts set up to hold money or assets and carry out activities for the benefit of the community. They may be formed for the purpose of:

  • the promotion of education
  • the relief of poverty
  • the promotion of religion
  • other purposes of benefit to the community

A charitable trust as registered by the Registrar of Incorporated Societies gains tax benefits when approved by the IRD. These tax breaks include the absence of gift duty on gifts to the trust and the absence of tax on income earned by the trust.

At Gunson McLean Ltd we know the practicalities of charitable trusts. Our experience in this area enables us to assist you in both setting up the trust and in using the trust to most effectively reach your charitable goals.

Estate Planning

As unpleasant as the task is, estate planning is one of the necessities in life. It allows peace of mind knowing your hard earned assets will be dealt with in the manner you choose.

For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity.

The executor and trustee of a will is required to perform a number of duties. At Gunson McLean Ltd we are experienced in estate planning, and can guarantee the succession plan for your assets will be held to.

The areas involved in estate administration we are able to assist with include:

  • Meeting to discuss objectives for your estate
  • Confirming assets - valuations, inventories, appraisals
  • Court approval for a grant of administration
  • Documentation involved in estate planning
  • Protecting the assets
  • Paying taxes and debts
  • Estate distribution
  • Administration Act

Farm Accounting

Farm accounting involves specific business, financial, and taxation issues, and as such requires a specialist understanding of the industry. At Gunson McLean Ltd we keep abreast of the developments in both the farming and accounting industries, putting us in a position to provide up-to-date and accurate advice.

Our services include:

  • Farm budgeting and cash flows
  • Farm sales and purchases
  • Ownership structures
  • Preparation of financial statements
  • Taxation
  • Seasonal planning
  • Succession planning

Human Resources

The most valuable asset in your business is your staff. In recognition of this, and in line with our desire to help you make the most of your business, we provide an HR consulting service. By providing you with the best HR team, we are able to guide you into getting the absolute best out of  your team.

There are several key areas we are able to assist with:

  • Employment Relations - Includes advice on employment agreements, employment legislation, and employee policies and procedures.
  • Health & Safety - Includes assistance with the implementation of systems to ensure compliance with legislation, training on health and safety, and assistance with ACC audits.
  • Recruitment & Selection - Includes assistance with advertising for employees, shortlisting and interviewing, reference checking, and psychometric testing.
  • Remuneration - Includes support in administering the payroll, advice on remuneration levels, and guidance with incentive and bonus schemes.-
  • Performance Management - Includes assistance in identifying performance measurement criteria, training in how to carry out performance appraisals, guidance for managers in dealing with non-performance problems.
  • Strategic HR - Involves aligning HR strategies with business objectives to ensure the development of a team to drive the improvement of business performance.
  • Team Building - Includes personality test implementation to aid resolution of communication problems, and team building workshops.
  • Change Management - Includes implementing plans to achieve change in the workplace, training managers to guide their team throughout the change process, and outplacement services such as counseling and interview coaching.

Information Technology

We live in a computerised age. Technology enables us to enhance a wide variety of business processes. Effective use of software and hardware can provide enormous benefits to your business.

Here at Gunson McLean Ltd we have embraced the world of computerised systems, and as such, our experienced professionals are able to:

  • Discuss with you the best system to implement to further your business
  • Install and configure software to suit your purposes
  • Recommend processes to make your computer system more secure
  • Suggest accounting software applications suitable for your business
  • Train clients to be as self-sufficient users of a variety of softwares
  • Offer advice on electronic banking

Whether you are contemplating the addition of new computer hardware, or looking at completely changing your business systems, our trained staff are able to assist you.

Insolvency

The key to avoiding insolvency is to seek professional help as soon as the first signs of difficulty appear. The experienced professionals at Gunson McLean Ltd are able to assist in identifying problem areas, and suggest solutions to improve the position of the company. Timely and expert advice may be able to save your business from liquidation or receivership.

Receivership entails someone being appointed to raise funds within the company to repay a financer. In the case where so many of the company assets are sold it is unable to continue daily business a liquidation is necessary. A liquidator disposes of all the assets of the company and repays creditors. Upon liquidation the company ceases to exist

In the event liquidation or receivership is necessary, Gunson McLean Ltd also has the experience and skills required to assist.

If your business is struggling under financial and operational difficulties, proactive and insightful action is vital for avoidance or minimisation of the ramifications. Contact us today for an appointment and expert advice to aid your situation.

Orchard Accounting

Gunson McLean Ltd brings the appropriate knowledge of the industry-specific orchard regulations along with accounting expertise to provide you with the basis for an efficiently run business.

We assist not only in completing the accounting requirements of your orchard, but in providing expert advice to ensure your business increases profits and makes fully-informed financial decisions.

Rental Property

At Gunson McLean Ltd we have the necessary expertise to assist in a variety of areas in relation to residential and commercial property.

The services we offer our clients include:

  • Advice on the purchasing of a property
  • Reviews of lease agreements
  • Advice on funding
  • Guidance in tax minimisation
  • Advice on ownership structure
  • Periodic reviews to ensure returns are maximised

At Gunson McLean Ltd we have the necessary expertise to assist in a variety of areas in relation to residential and commercial property.

The services we offer our clients include:

  • Forecasts of revenue returns
  • Forecasts of financial position
  • Forecasts of potential growth

Contact us today for more information on how we are able to assist you in the business of rental properties.

Retirement Planning

To achieve a comfortable retirement requires forward planning. You need to consider such things as when you will retire, how much income will be required to allow the retirement you desire, how to acquire that income, and what role the government will play.

The friendly team at Gunson McLean Ltd can help you answer these questions and plan for the relaxing retirement that you’ve earned.

Selling a Business

Selling a business can be a difficult, often disheartening time. In this state the tasks involved in selling a business can seem particularly arduous. Here at Gunson McLean Ltd we are able to relieve that stress for you.

The services we provide in relation to organising the selling of a business include:

Obtaining comparative results Establishing a realistic sale price Taking the business to the market Negotiating with potential purchasers Drafting a contractOur friendly and professional staff are able to assist in such a way that a maximum return for your business can be achieved.

Succession Planning

In ensuring the long term success of your business, it is critical to establish a well-designed succession plan. Coordination of the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, taking the stress off your shoulders.

Contact us for more information on forming a plan that allows for a hassle free continuation of your business.

Trusts

A trust provides a valuable way of protecting the assets you have accumulated for the benefit of others.

We have extensive experience and so are able to offer specialist advice on Trust formation, ensuring all statutory requirements are met. Obligations for trustees can often be onerous, and our assistance in Trust administration will be invaluable.

We are able to:

  • Prepare and execute the vital documentation involved in Trust formation
  • Attend to the special requirements involved in reporting for Trusts
  • Trust administration
  • Minute keeping service
  • Annual accounts
  • Taxation
  • Asset management
  • Investment monitoring
  • Income distribution

Contact us today to ensure your trust is as formed and administered as effectively as possible, covering all legal requirements and so allowing it to fulfil its purpose.

Valuations

An independent valuation provides you with answers to the questions you often need to ask about the value of a business or property. Am I getting the best price for the sale of my business? Is the asking price too much?

We are trained and experienced in business valuations and are able to provide you with simple guidelines and formulae for evaluating the worth of a business. We are also able to appear in court and in arbitration as expert witnesses in relation to business valuations.

Choose Gunson McLean Ltd for a professional and accurate valuation service.

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