Accounting questions we get asked a lot
How much does an accountant cost in New Zealand?
At Bring On Monday, for an accountant you pay a fixed monthly fee starting at $299 (excl. GST) per month. No hourly rates and no lump sums, or surprise bills at the end of the year. You always know what you pay for, what you’re getting, and if there is anything out of scope we will let you know first. Use our free calculator to get an estimated figure for your business in under a minute.
Are accountant fees tax deductible?
Yes, accounting fees are a tax deductible business expense here in New Zealand. So are bookkeeping fees, business advisory fees, annual accounts and tax return preparation!
Do I need an accountant for my small business?
If you are earning over $250K in revenue, we suggest that yes, you absolutely do need an accountant for your small business! However this is not a legal requirement. You still need to file your taxes with IRD and do your own compliance no matter your size, but as you grow you will want an accountant to take care of all this, especially the compliance side, to ensure everything is correct and you pay the right amount of tax, on time. The busier you get, the more that’s likely to go wrong if you DIY it. Most business owners come to us when they want to start making smart business decisions based on numbers instead of playing a guessing game.
What does an accountant do for a small business?
For a small business an accountant (at minimum) keeps you compliant; they will manage your annual accounts, do your GST returns, and get your tax filed on time. A really good accountant shows up throughout the year whenever you need them, and helps you grow your business too.
At Bring On Monday we do more than the bare minimum, and like to be proactive rather than reactive. We help you understand what your numbers mean (without jargon), show you where your cash is going and what to do about it before the year ends. We regularly save our clients thousands of dollars, and love seeing them empowered achieving their goals.