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| Thread ID: 88708 | 2008-04-06 12:24:00 | Looking for Small-Business mentor... | Chilling_Silence (9) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 656476 | 2008-04-06 12:24:00 | Hi all, I run a small business on the side, turnover is very low (I'm not posting here to boost sales, I actually like that its this way for now), and I'm really just starting out. The business is realistically just something to get me started in the right direction so I can some day be self-employed, raise a family & work from home (Long-term personal goals, after finding a wife and a place of my own ;) ) However, the end of the financial year has rolled around and left me with the realization that Im quite possibly going to need to fork out for an accountant to go over my 30-odd transactions from the last year and tell me pretty much everything my excel spreadsheet tells me (Yes, gotta love spreadsheets...). Anyways, I also have one or two other general questions, partially related to IT-business specific-matters that would quite probably be outside of the general scope of an accountants role. So, with that I thought I'd seek out a small-business mentor. I have a couple of relatives who run small businesses, but they're not quite *this* small and they are at the end of their advice and they've recommended I seek professional assistance elsewhere. I understand there's places out there which I can go to, but for the life of me I haven't been able to think of any for the last week or so Ive been trying (I don't listen to the radio anymore, so don't know any catchy jingles of company coaching businesses). Naturally my next point of call (As-is for every true geek) was PressF1 ;) Sadly, I'm not rich and cant afford (Nor can this small business afford) to fork out big bucks for any kind of mentoring / coaching, but I'm not looking to take up hours on end so thought I'd see if somebody could help me out as a kind of "good deed" or "public service" if you will. Any assistance / suggestions / recommendations / constructive criticism would be greatly appreciated Cheers Chill. |
Chilling_Silence (9) | ||
| 656477 | 2008-04-06 13:08:00 | www.nzte.govt.nz | Greg (193) | ||
| 656478 | 2008-04-06 21:26:00 | Thanks Greg, I'll look into it :) Is there anybody else here who might be interested in offering assistance though? |
Chilling_Silence (9) | ||
| 656479 | 2008-04-06 21:48:00 | I run a small business , turnover is very low ( However, the end of the financial year has rolled around and left me with the realization that Im quite possibly going to need to fork out for an accountant to go over my 30-odd transactions from the last year and tell me pretty much everything my excel spreadsheet tells me (Yes, gotta love spreadsheets...). So do I!!:waughh: See your PM. I can actually help you with quite a bit, I do the lot myself. I phoned the local accounting place here a while back to see how much they wanted for just end of year tax return. $650 + GST!!!!!!! Considering I used to pay $140 inc, nah, I did it myself this time. Our accountant was telling me I didn't need her for ages, and she finally quit. It was amazingly painless. Took me 15 minutes. |
pctek (84) | ||
| 656480 | 2008-04-06 22:41:00 | I do a lot of Business Analysis as well as IT in my role here, but I also do BA for a friend who owns a couple of cafe's. Glad to help out if I can Chilling! :thumbs: |
nofam (9009) | ||
| 656481 | 2008-04-07 00:19:00 | So do I!!:waughh: See your PM . I can actually help you with quite a bit, I do the lot myself . I phoned the local accounting place here a while back to see how much they wanted for just end of year tax return . $650 + GST!!!!!!! Wow that's cheap! Our accountant wants to charge us $2000 +gst for end of year accounts . Needless to say I am looking around for a cheaper one :lol: |
CYaBro (73) | ||
| 656482 | 2008-04-07 01:46:00 | Wow that's cheap! Our accountant wants to charge us $2000 +gst for end of year accounts. The one I used to have charged $140 a year. The one I have now (myself) charges nothing. |
pctek (84) | ||
| 656483 | 2008-04-07 01:50:00 | I would recommend using an accountant. I get charged $1000, and they also do my personal return too, as well as company stuff. Using an accountant you get an extension for filing your return, and they also give you lots of tips and can set things up so you are doing thinngs correctly. The cost of making a mistake could be very costly, so using an accountant is a wise decision. Also don't use a big named brand account company, as you will end up paying a lot more than a small town practice. | robbyp (2751) | ||
| 656484 | 2008-04-08 01:15:00 | Guess what - if your accountant makes the mistake, you are the one who is responsible - not them. That happened to a friend of mine. | pctek (84) | ||
| 656485 | 2008-04-08 01:39:00 | Its all very good doing the accounts yourself, IF you know what expenses, tax write off, ACC rebates etc etc you are entitled too!. If you dont, you may save money on accountants bills, but pay it anyway to someone (govt?). Accountants aren't just there to tally up your earnings, they are business advisor's and until your business is up and running where you are comfortable with your business plan and projections, I wouldnt bother with small accountants firms because they dont have the National expertise to help you. You get what you pay for!?, your choice. |
SolMiester (139) | ||
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