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

on in Business growth
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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 The pricing tools are outdated.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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IBBZ Accounting Limited


 


Our 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.



Awards



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


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


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


2018 CPA Australia filmed Saurav Wadhwa and IBBZ Accounting for their marketing campaign to showcase successful accountants in New Zealand Public Practice.  


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


 


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, 25 August 2019