The dictionary defines an accountant as someone whose job is to keep and audit financial accounts. Many in the profession will, however, argue that description of their vocation is no longer fit for purpose. Rightly so, too.
Crunching numbers and balancing the books was once your firm’s bread and butter, but automation and the emergence of software such as Xero and MYOB have simplified much of that compliance work.
You have now transitioned from bookkeeper to a trusted business advisor – a highly valued partner, an enabler whose creative thinking, ability to make sense of the figures and problem solving can help your clients turn their business dreams into a reality.
That’s why Tax Management NZ has cobbled together this guide about tax pooling. (For those not au fait with tax pooling, there is a section at the beginning that explains what it is and how it works.)
Our aim is to shed some light on a free, IRD approved service that enables you to add value in the business advisory space and have more meaningful conversations with your clients.
Not only do we want to help you grow your firm’s revenue in this area, but we also want to help you provide solutions when discussing topics such as cashflow management, financing and working capital, risk management, and audits and voluntary disclosures with those who call on your expertise.
We hope you learn something new. Enjoy the read.