Question 1

How much does it cost to hire an accountant for a small business?

Accepted Answer

Even in your average small business (1-3 employees, less than $500k turnover) there will be a broad range of options for accounting and finance including getting specialise setup, tax structuring advice, finance systems and processes together with the everyday bookkeeping and accounting functions.

Question 2

Is an accountant needed for a small business?

Accepted Answer

An accountant can offer comprehensive startup and ongoing small business advice, while making sure tax compliance is prepared and filed with the relevant authorities on time.

Question 3

What is the role of an accountant in a small business?

Accepted Answer

Being a business owner can be a tough job, and it’s good to have a trusted advisor to lean on in times of complexity or uncertainty.  An accountant will be able to help you navigate your business through these times, and help keep compliant with relevant tax authorities.

Question 4

What is XERO?

Accepted Answer

Xero is an integrated accounting platform that can complete all small business invoicing, receipts, bank transactions and reporting for the IRD.  Being cloud based means your advisers can have access to your information in real time.

Question 5

Is Xero Accounting any good?

Accepted Answer

Xero is a great tool for small businesses as it gives you real time access to the financial data of your business - information we couldn’t imagine being in business without.