Agri Advisory

Budgeting

A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.

The techniques we utilize in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business.

In addition to goal setting value, budgets will often improve your chances of acquiring funding as financers often require forecasts as a prerequisite for funding approval. Cashflow forecasting is a vital part of ensuring your business will always have the cash it needs, because profits don’t pay bills – cash does.

There are many types of budgets and we can help you design the right budget for your needs and requirements. Let us show you how a budget and a cashflow forecast are able to provide feedback to allow you to prepare for the future of your business.

Cashflow Forecasting

Have you ever wondered if you are holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month?

Survival in today’s business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative cashflow forecasting reports – allowing you to:

> Realize and understand when cash is available

> Plan and prepare for expansion, stock control, and taxes

> Analyse and anticipate key expenses

Armed with this information, we’ll work with you to develop action strategies to improve your bottom line

Financial and Investment Planning

Financial planning ensures your financial goals can be met through the development of comprehensive and effective strategies that will strengthen your financial security. These strategies provide a source of income other than your business or employment income.

Gunson McLean works alongside NZ Funds Private Wealth who provide our clients with an integrated wealth management service. NZ Funds Private Wealth sees wealth management as being the integration of advice and investment management.

NZ Funds Private Wealth puts sophisticated and proprietary planning tools and expert advice to work for New Zealanders. Their goal is to help you make sound well-informed financial decisions. 

Their client advisers achieve this through an interactive advice process which enables clients to see and understand the factors that influence their wealth. 

NZ Funds Private Wealth work with those in the process of accumulating wealth, those seeking income in retirement and those with broader intergenerational wealth management challenges. 

If you would like to discuss your investing objectives with one of the NZ Funds Private Wealth advisers, click here for NZ Funds contact details.

To learn more about NZ Funds Private Wealth, click here.

Strategic planning

The pressures of daily business can often mean strategic planning takes a back seat – but to have a successful business you must plan ahead.

We’ll help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.

Your strategic plan will:

> Define the characteristics of your company in three to five years

> Identify your competitors

> Define your objectives and financial goals

> Put in place an effective implementation plan to achieve your goals

Payroll Services

Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & employment legislation is growing increasingly complex.

We can relieve you of this burden by providing a comprehensive and confidential payroll service, including:

> Customised payslips

> Administration of PAYE, statutory sick pay, annual leave etc

> IR-Filing to the IRD

> Summaries and analyses of staff costs

> Administration of incentive schemes, bonuses and termination payments

Even if you have only a few employees, you will make savings by engaging us to administer your payroll.

Succession Planning

In ensuring the long term success of your business, it is critical to establish a well-designed succession plan. Coordination of the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, taking the stress off your shoulders.

Contact us for more information on forming a plan that allows for a hassle free continuation of your business.

GST

GST legislation is an area we know like the back of our hand. We are able to offer accurate, timely assistance in a number of areas. These include:

> Registration queries

> Preparation of GST returns

> Filing and adjusting GST returns

> IRD audit assistance

> Specialist events involving GST - eg sale or purchase of property

Taxation

At Gunson McLean Ltd we offer a full range of Taxation Services. Our taxation consulting division is nationally recognised which means we can offer advice based on proven knowledge and experience. Our proactive approach ensures we deliver a consistent service and build solid relationships which stand the test of time.

Taxation can be a major cost to your business. We will work in partnership with you to minimise your tax and help you achieve your key objectives.

We provide a complete service of help and advice in all of the following areas:

> Preparation of personal & company tax returns and advice on payment of tax> Preparation of GST returns

> GST/FBT/ACC obligations

> Advice on and implementation of tax effective trust structures for asset protection and tax minimisation

> Management of any IRD Audits or disputes