Professional Help for Businesses Impacted by Covid-19

 

Are you Experiencing Cash Flow Problems?

Do you need Professional Help and Support?

Do you Want to Turnaround your Business?

 

Let IBBZ Accounting help you. We have many years of experience and professional knowledge. We have been providing professional help to New Zealand Businesses for over 10 years. 

 

IBBZ Accounting are tax specialists and highly experienced team of great accountants. Our team of accountants always keep your best interest forward. There are many steps we can take to overcome the problems/challenges faced by your business due to Covid-19. 

Government Help and Support:

There are many support packages and tax reforms to help you navigate through the situation of Covid-19. We will help you to understand which options are better for you. Many tax rules have been changed, we will help you understand which option works best for you. We regularly publish latest tax updates under "article" section and on taxaccountant.kiwi.nz

Business Plan/Cash Flow Reporting:

We will help you and work with you to identify new opportunities and update your business model. We need to recognise your strength and perhaps re channel them to open new opportunities. If you require further funding from the financial institution, we will help you to obtain this. The key is start measuring and start achieving. We will help you setup bench marking, for example sale to wage ratio to be less than 40% then we will work through with you to obtain this. 

Business Restructuring:

We will have to take some bold steps such as eliminate certain business processes. Outsource few things or re-strengthen your existing strengths. What ever the case may be you can count on your extensive experience and valuable New Zealand market knowledge. Our customer reviews are excellent and customer service rate is 98%.(source Google Reviews and Survey completed by Survey Monkey in May 2020)

Asset Protection and Financial Planning:

We have seen even the highly intellectual people have done nothing for financial planning. Counting on kiwi saver is not sufficient. Your retirement/financial plan have to be specific for you to cater your specific needs. Have a confidential discussion with us so that we can guide you in the right direction. 

 

 

Below are some examples:


Turn Around Family Owned Small Business:

Rob is a great kiwi builder earning about $15k a week but he was always into cash flow problems. Never have enough money in his bank account. We worked with him and identified his labour only contracts were just sufficient to pay for the wages leaving very little for the overheads. Thus, he was always running into cash flow problems. We worked with him to have his website up and running so that he could expand the pool of his customers. We asked him to obtain higher rates for his services. With renegotiated new labour only contract rates and couple of full build contracts changed his business model. Rob is now running a profitable company. Now we are working with him to have a sound business model in place. We have also ensured his assets are protected through family trust and retirement plan has been setup. 

 

Financial Guidance for Working Professional:

Tom is working as a manager at well known NZ company. His family income is over $200k but they have done nothing in terms of retirement planning. They only investments they have is their family home and kiwi saver. We worked with them to setup a family trust and the gradually helped them to invest their money using financial principles such as diversification etc. Currently, he is retired and getting passive income of $50k a year. 

 

Financial Planning and Tax Advice for Family Trust:

Maggie and John are retired couple with falling interest on term deposit they need to invest their money into somewhere else. With ever changing financial products they needed someone independent to do their books and provide professional help and help them to do their financial planning. We provided independent financial advice and specialist tax advice when dealing with international tax jurisdictions. 

 

We have a 3 step process:

1. Study your case and do investigation to understand your business and personal finances;

2. Scope the work which includes identifying your needs;

3. Solve your problem after careful analysis of your financial position.

 

Testimonials from our clients

For full list of testimonial refer Testimonials

For Google Reviews click here Google Reviews

"Very pleasant, Generally easy to deal with. Explained process well, making things run smoothly. Great outcome!! Would recommend to any business" 

Vincent 14-06-2018

"The IBBZ Team handled discussions with IRD on our tax matters superbly. Their initial estimates of results were delivered efficiently, and with a minimum fuss. Furthermore, their advice on the various ratios and indicators for the business will be invaluable for future planning for success." 

Daniel 05-06-2018

"I had a long term problem with IRD due to mistake in one of my tax returns, which I had not been able to resolve for a long time. Good thing I was able to find IBBZ and they responded to my request for assistance regarding my problem. Ravi has been wonderful in handling my case and resolved my problem very successfully. Thank you, Ravi and IBBZ. Glad to have reached out to you." 

Michelle 14-05-2018

"I am very pleased with the end result RE- negotiating on my behalf with IRD. Thanks Sandy." 

Peter 14-06-2017

“I approached IBBZ mid 2015 for dealing with an intransigent IRD department looking to bankrupt me. They dealt with IRD and mentored me through legal and financial dealings. I avoided bankruptcy saved the business and received a large refund. I recommend IBBZ ”

Puni 13-06-2016

“I discovered that I had a tax liability going back five years as a result of incorrectly assuming my tax obligation relating to company share allocations (from a global multinational). Upon discovering that I had not been handling the shares correctly, I contacted Saurav (from a google search) who promptly assessed my situation and took me through what my obligations were and what was required to self declare my overdue tax liabilities to the IRD and bring my account up to date. Saurav submitted the correct tax returns going back to 2011 and the overdue tax obligation was fully paid, however I was hit with overdue penalties and interest totalling approx $11,000. Saurav negotiated on my behalf with the IRD and was able to have the total amount amount remitted;with no penalties or interest being payable.”

Paul 21-12-2016

"Saurav and Sandy have been so awesome with helping our business and myself get out of debt. If it was not for them, we don't know we would have gotten this far and out of debt without them, and we are forever grateful to them." 

Memory 10-11-2016

“IBBZ worked for a year on my behalf to negotiate a settlement with the IRD that I was happy with and, importantly, could afford. I always felt they acted in my best interest and gave me honest feedback and advice. Their knowledge and expertise were a welcome comfort in what was a stressful time for myself and my family. I have no hesitation in recommending them to others in the same situation.”

Rory 30-10-2016

"IBBZ have always answered any questions I have had. Very pleasant to deal with. The outcome RE the AutoXXXX Ltd tax debt is very pleasing and I am extremely happy with this." 

Ian 14-07-2015

“I was about to have divorce with my wife as I was going to lose our family home in lieu of payment of taxes. IBBZ saved me, I will be very grateful to Sandy for the rest of my life”

S. Beauvais

"I am a Taxi Driver, Sandy and Saurav assisted me in filing over five years of tax returns and negotiated very good payment plan for me to repay my taxes. I was under a serious depression and just because of IBBZ team I am living very happy life now. I will highly recommend IBBZ to you if you are filling burden of overdue tax.”

A. Singh

“Due to cashflow problems, I was left behind in payment of taxes, and that was the end of my business. I was about to be declared bankrupt but IBBZ helped me to seek hardship relief where majority of my tax disappeared.”

M. Mulipola

Get in touch with us today for a confidential discussion.
09 272 8050  Email This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Testimonials from our clients

For Google Reviews Click this Google Reviews

Fantastic team at IBBZ! They have helped me immensely with overseas income and tax, response time is almost immediate, and all questions are thoroughly answered.
Very trustworthy.
Emma Phillips 03 August 2020

Becoming a contractor after being on PAYE my whole life I thought how hard your own tax can doing be so for the first 3 years I did it myself and messed it up big time! I ended up owing IRD money accumulating penalties and interest with business running completely in the red. From the first meeting Ibbz were helpful, understanding, and willing to work out a payment plan for their services. They successfully negotiated with IRD on my behalf and sorted my tax issues out. They also do my returns for me and help to stop any issues before they start!

Jabin Lamble 29 July 2020

IBBZ Accounting was very helpful in sorting out my overseas income. They responded quickly and answered all my questions. I would definitely recommend IBBZ, especially for complicated or overseas tax filing.
Jamie Sanders 01 July 2020

I have been dealing with IBBZ people since last year and i must say what a relief, so professional and proactive for everything. Thank you very very much, highly recommend to any businesses small or big willing to take the stress out of admin work.
Le Cirque de JP 01 July 2020

Needless to say, excellent Customer Service and superb communication.
By so far, one of the finest tax expert team I could expect.
I would recommend to anyone who struggle with tax issues.
HI K 01 June 2020

After spending many years and several accountants, I thought the nightmare with IRD would never end. After sleepless nights and stress, a google search was all it took, with outstanding reviews and a quick chat. They changed my life forever, very helpful and understanding, great team to work with.

Thank you for your help everyone.
Mike Organ 10 November 2019

 

"IBBZ accounting have helped me and my business out of what looked like an impossible situation. They took over all negotiations with IRD and were able to put together an agreement and payment plan that met the requirements of IRD and that I am able to commit to. At the same time they were able to negotiate some major tax relief that my previous accountant never tried to do. Going forward Saurav and the team have given me a structured process that ensures we never get in trouble again. I can not thank the team enough and recommend them as the first and only call you should make if you are facing IRD issues or just need solid accounting advise. "

Graeme 29-01-2018

"Thank you so much for all your hard work. It is a huge relief to finally have this sorted. I would also like to say how pleasant it has been dealing with you all at IBBZ."

Jenet 18-08-2017

"Very helpful and informative saved me from court proceedings and liquidation. Thanks very much"

Elijah 09-08-2017

"I had tax debt from 4 years ago hanging over me and finally had to do something about it. IBBZ Accounting have been absolutely fantastic in securing me a very favourable outcome. There communication with me throughout the whole process has been fantastic. I would highly recommend them to anyone seeking tax help and consolidation."

Ben 21-09-2016

"I have found IBBZ Accounting to be very professional, knowledgeable, personable. I cannot thank them enough for getting me out of a very difficult time dealing with tax debt. I would highly recommend IBBZ to anybody with outstanding tax debt or any business needing top of line accounting services"

Arlene 08-09-2016

 

IBBZ have many successful tax problems cases. Contact us for confidential discussion today.