Get Ready for End of Financial Year

Tax Tips
Written By Kim Manunui

Yes, it’s nearly the end of the financial year for most businesses.  With that it mind there are a few things that need to be done before the end of the month, and things that you can work on to make the process of filing your financial statements and tax returns a little smoother. Before the end of the March:

  • Go through your debtor’s ledger and write off any debts that are not going to be recoverable.

  • Do a stock take as close to the end of the month as practical.

Start to get together information that will be necessary to complete your accounts:

  • Details of home as office expenses for the year - power, rent, mortgage interest, rates, insurance, and broadband a few examples.

  • Copies of bank and loan statements as at the 31st of March.

  • Copies of hire purchase statements showing balances at the 31st of March.

  • Copies of any fixed assets purchased during the year.

  • Copies of insurance and legal documents.

  • A summary of wages paid for the year.

  • Details of any donations paid.

  • Copies of GST returns and any workpapers.

With the above done and out of the way, you will be ready when you get the call from your Accountant or Bookkeeper. Now you can set up your next year files, archive your old records and start fresh for the New Year. If you need any help, get in touch, we'd love to assist you.

Kim Manunui

Hi, I’m Kim and I work with a great team to help individuals, as well as small and not so small businesses get their message, product and services to the world using digital media and creating wonderful websites that don’t cost the earth.

I was born in Canada, and grew up around Vancouver and the mountains of British Columbia. My love of pristine environments led me to New Zealand and eventually to the mountains, lakes and rivers of the central North Island which is home. My family’s heritage is here, and it’s from here that Korio traverses the planet.

The digital world is never static and neither are we.

And I say ‘we’ because I work with an awesome group of talented people who I gather together as required to complete a project.  Whatever your business, not-for-profit or individual needs are we gather the best team to get the job done.

Collaboratively we are creative, share sustainable values and work hard for great outcomes because that’s the buzz of satisfaction that drives us.

If you have an audience and market to reach, we can make that happen. Creative design, words that work and smart behind the scenes stuff that cuts through the online noise. We’ll design your website and then build it. We’ll manage the content as well as all your hosting needs. We can handle your online advertising so you get noticed,
and we’ll manage your social media presence so you get the clicks, likes and engagement to grow your business. All within the budget you set, because none of this needs to cost the earth.  And the job doesn’t stop when your website goes live. We are your virtual business partner.

https://www.korio.co.nz
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