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.

Business Restructuring

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Is business restructuring right for you?

Is your business struggling financially, operationally or you just do not have enough time to focus on the business.

Have you thought about restructuring your company? Have you heard the term “restructuring”, what is this, is this right for your business?

Restructuring your Business

Restructuring is often misunderstood, and people think this of a negative thing. However, this is a positive thing. It means you are looking at the business from fresh pair of eyes. It is a positive exercise. Businesses operate in everchanging economical and financial world. What you are doing today might not be applicable in 10 years’ time. So of course, if you are still using a decade old methods you need to change. We often see various problems in the business operations. The legal structure is not right. Tax mitigation structures are not being used. The pricing tools are outdated. The bookkeeping methods are old and so on. When things done correctly the restructuring can deliver new methods of realising the full potential. The ultimate aim of any business is to be profitable and pay its creditors on time.

So, whether your business is facing challenges or not. Many companies consider restructuring to ensure they are ahead in their game. This is mainly done to improve performance to be the industry leader. Sometimes this is done to attain operational effectiveness, or to save taxes. Many entrepreneurs also restructure their business when their small business begins to be profitable.

In simple words restructuring is “a process of making company profitable

Various Tools to Restructure

  1. Change in legal structure
  2. Financial structure; debt/equity restructure
  3. Getting new funding
  4. Operational restructure; increase/decrease employee related costs
  5. Cost restructure; use of Activity Based Costing to find actual cost.
  6. Pricing restructure; to ensure profit margins are maintained. Find star products and identify products that losing money.
  7. Tax restructure – to ensure tax savings are attained.
  8. Access tax losses.
  9. Capital gains and payout of retained earnings.
  10. Dividends payments

 

IBBZ Accounting has dealt with a number of restructuring situations due to mismanagement issues, financial difficulties, debt owed to Inland Revenue. Please contact our tax specialist team. 

 

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Saurav Wadhwa

Saurav Wadhwa is the Managing Director of IBBZ Accounting. IBBZ Accounting is one of the finest tax consulting firm based in Auckland, New Zealand. IBBZ Accounting has multiple business awards. 
Saurav Wadhwa is Masters in Taxation and Post Graduate in Law. Has dual membership with New Zealand Institute of Chartered Accountants and CPA Australia. He has a passion for Helping New Zealand Businesses. 


 


Awards and Recognition


 


As of Aug 2020 total number of 115 businesses saved from tax debt associated problems. Their written testimonials and Google Reviews provides authenticity of these numbers.


2019 IBBZ Accounting was Finalist in two categories: Excellence in Customer Service and Excellence in Business Planning. Westpac Auckland Business Awards


2018 IBBZ Accounting was Finalist in Westpac Auckland Business Awards: Strategy and Business Planning 2018.


2017 Saurav was appointed as a committee member to New Zealand Public Practice Board of CPA Australia. 


2015 Saurav won the award of Best Accountant of the Year.


2014 IBBZ Accounting won the award of Best Small Business 2014. 



 


News Paper Articles.


Sunday Star Times -Fairfax Media -12-08-2018


InTheBlack Aug 2018 issue - CPA Australia In Practice Publication 


 


Contact us on info@ibbz.co.nz  or 09 272 8050

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Guest Sunday, 24 October 2021