IBBZ Accounting
Chartered Accountants & Tax Specialist
Useful tips for Small Business
General update by IBBZ Accounting on latest tax news, business growth and technology tips.
How IBBZ is different from other accountants
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IBBZ Accounting is very different from your traditional accountant. We are creative and really go out of the way to ensure our customer receive the best advice and great satisfaction. We are different in many ways below is just one example from a property investor point of view.
Buying Advice
In our recent engagement with one of our client who was new to property investment, we advised on:
1.Which areas in New Zealand and/or Auckland is good for investment in this current market
2.How much rent can be received from each investment after offsetting the expenses.
3.Which entity structure should be used for property investment portfolio in order to minimise tax liability.
4.Which valuation company to use for bank purposes.
5.Suggest builders who can check for water tightness and other building checks.
Property Management
Our client had investment properties that were currently on rent, we offered our services to:
- Manage the property and ensure smooth transition of entry and exit of tenants
- Provide quarterly reports to our client including photos of the status of the property
- Receive rent in our trust account and organise any maintenance & repairs that are required.
- Attend to tenants’ queries and issues.
Selling Property Privately
Our client had properties that they wanted to sell privately, so we helped them by suggesting:
- where they can get advertising boards designed and printed at a reasonable cost,
- where they should advertise their property,
- which advertising media is more effective to get buyers attention,
We also helped our client with the legal side of selling a property by obtaining sale and purchase agreements and property information from the council such as LIM reports and property files.
When they had interest from potential buyers, IBBZ also facilitated open homes for buyers.
About the author:
Sandy Wadhwa is a practice manager of an Auckland based chartered accountant firm and a director of IBBZ Accounting Limited. You can contact her at This email address is being protected from spambots. You need JavaScript enabled to view it.
Legal Stuff:
Information above is provided for general use only, if you are intending to rely on any of the information above please consult with us or seek a professional advice. If information provided above result in any kind of loss to you we can not be held responsible.
Date: 31 January 2014
Saurav Wadhwa is a Principal Accountant at IBBZ Accounting Limited
M Bus (TAX) PG Cert (LAW) CA CPA
Membership and Qualification:
- Masters in Professional Business Studies (Taxation) with Distinction from Auckland University of Technology
- Post Graduate Certificate in LAW, Law School at Auckland University of Technology
- Chartered Accountant(CA), New Zealand Institute of Chartered Accountants (NZICA)
- Certified Practicing Accountant(CPA), CPA Australia
- Bachelor of Commerce, Grad. Cert. in Business from Auckland University of Technology
Saurav has many years of practical experience in tax & accounting services and is the co-founder of IBBZ Accounting Limited. He is qualified both in law and accounting. Saurav has worked in various tax & accounting specialist roles for large corporates in New Zealand. He loves to work with Small Businesses.
His key focus is on:
- Tax advisory for small and family operated businesses on a wide range of taxation issues.
- Legitimate tax saving structures.
- Advising on range of new business issues.
- Ensuring business growth is attained.
- Effective cash flow planning.
Saurav specialises in Tax Disputes resolution, Tax Relief applications, Tax Debt resolution/management, and representation in Tax Audit. Saurav can represent you in Taxation Review Authority, in Tax Dispute Court Cases or he can represent you during Tax Audit Investigations.
Blend of skills in Tax laws and accounting, makes him perfect advisor for small businesses and individuals like you. Saurav understands how to safeguard your business from creditors risk, maximise the business growth and pay low taxes. He can be your good strategic and business partner. He is of a friendly nature and easily approachable.
Saurav understands the numbers very well. He is a qualified Chartered Accountant and registered with highest professional accounting bodies of Australia and New Zealand. He can help you to plan for the future to satisfy all your financial needs.
Consumed by a hunger for knowledge, Saurav has never stopped furthering his education or expanding his pool of knowledge. Nothing gives Saurav more satisfaction than assisting his clients to achieve their financial goals. His diligence, passion and accuracy has earned him a reputation as a reliable professional who strives to serve his clients above and beyond the call of his duties.
Saurav was nominated for the Best Accountant of the year and the Young Entrepreneur of the year, and his company IBBZ Accounting won the award of Best Small Business 2014. In 2015 Saurav won the award of Best Accountant of the Year.
In 2017 Saurav was appointed as a committee member to New Zealand Public Practice Board of CPA Australia.
Saurav is a dedicated family man. Saurav is very fond of outdoor activities and enjoys pretty much all outdoor activities: running, bike, motorbike, snorkel, fishing, skiing etc. Saurav, is also a self-confessed workaholic, spends some of his free time thinking about his client’s affairs and forecasting their financial future.
He can be contacted on saurav@ibbz.co.nz or 09 272 8050
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