William Buck New Zealand
As a fully integrated firm of Chartered Accountants and advisors, William Buck provides a complete solution. Putting you at the core of the business, our advisors work together to ensure that careful consideration is given to your business and personal wealth affairs.
Working closely with you and your team, our Business Advisors can help you plan and implement contemporary business strategies and practices to meet your business’s full potential.
Our commercially minded tax specialists offer clear, responsive advice to manage your tax risk, address local and international issues, and develop strategies to optimise your tax position.
Our highly experienced team of liquidators and trustees use their extensive expertise to assist in times of financial distress, achieving the best outcome for all stakeholders.
Our audit team has extensive experience in a range of engagements, giving stakeholders independent and objective assurance on financial information, transactions and processes.
By understanding not only what you want to achieve but why it’s important, our wealth advisors can create strategies attuned to your key priorities. The end result is a plan focused on your life goals.
Our Corporate Advisory team provides objective, strategic and commercial advice across a broad range of business issues. Our work spans the breadth each engagement from the origination of ideas to managing the transaction process, valuation and structuring.
The William Buck Hour could be the most profitable hour you spend this year.
Sweeping changes to financial reporting may impact your financial position and business operations.
Our experts are here to help you understand what you need to know about Safe Harbour legislation.
William Buck has a team of professionals with specialist experience and know-how on a range of industry sectors.
Our advisors understand the risks and opportunities unique to the agribusiness sector. Taking a strategic view of your operations they provide relevant guidance and advice.
Assisting public and private schools, vocational colleges, universities and private training providers, our education specialists provide timely and valuable assurance services together with strategic, financial and management advice.
Our Government and public sector team has substantial experience in assisting all levels of government to review their structures and develop strategies, in line with relevant legislative requirements and accounting and audit standards.
Working with over 1,600 clients in the health sector, our advisors help practitioners and health care corporates achieve their business and personal goals
Our hospitality and tourism team has a working knowledge of the industry which, when combined with our technical knowledge, can assist you in reaching your commercial goals.
By staying on top of changes in the manufacturing sector, our industry experts provide relevant and timely guidance to a broad range of manufacturing business.
Our mining and energy team has the experience and resources to help start-ups, developing businesses and well-established companies to meet their commercial goals.
Integrity and transparency are at the heart of the best Not for Profit organisations. These values re shared by our dedicated Not for Profit team, which helps entities to establish to improve performance and develop strategies for long-term growth.
Our advisors understand the challenges and opportunities facing the professional services sector first hand. This experience together with our expertise helps to determine your strategic objectives and provide concise, relevant advice to help you achieve your goals.
Our property and construction team assist on a wide range of assignments from property development to construction and large infrastructure projects. Their diverse experience, technical expertise and commercial know-how to help you tackle the important issues.
Our retail and wholesale team works with a variety of businesses from family owned operations to franchises and larger chains, to provide advice and guidance on the issues that count.
Our transport and distribution team works with businesses to review their operations, improve efficiency and productivity and ensure compliance with the latest regulatory developments.
The William Buck Health Hour could be the most profitable hour you spend this year.
We work with individuals, businesses and community organisations with a particular focus on the mid-market. Drawing on our extensive experience, our advisors will challenge your thinking and re-frame problems to understand their root-cause.
We’re more than just accountants and advisors, we aspire to create positive change in the lives of our clients and our people.
Life as a CFO can be complex, exciting and demanding. Combining technical excellence with decades of working closely with and listening to the needs of CFOs, our advisors understand the competing demands of your role.
Whatever your needs, we have the expert resources to create the best outcome for you and your business. As our client, you’ll benefit from our integrated services model that puts you at the core of its business.
We create and implement personal wealth plans and tax strategies that give our clients greater certainty that their financial and personal goals will be met.
Send us a quick message to see how we can change your life.
Full of practical advice, news, opinion pieces and tips designed specifically for CFOs. Join the conversation today.
Our professionals are experts in their fields and are skilled at providing jargon-free, practical and comprehensive advice, allowing you to get to the heart of your matter.
Interested in joining our team? We have positions across Australia and New Zealand for forward thinking, enthusiastic, intelligent individuals.
Looking to join a team that offers more than just co-workers? We’re proud to have built a firm which engenders loyalty and provides an environment in which life-long professional connections and friendships can flourish.
Are you ready to achieve your career goals?
We offer a workplace where striving for excellence and being supported to achieve your professional and personal best, are par for the course.
Are you a proactive and innovative accounting professional interested in joining our team?
We foster a dynamic and respectful work culture, where growth and development are encouraged, and initiative is rewarded.
We’re committed to recruiting outstanding people. Our culture is built on respect and team work, making William Buck a great place to develop a rewarding career. From day one, you will be given every opportunity to realise your full potential.
We boast a culture that values each individual employee as an essential part of the team and places a high priority on helping you reach your full potential, personally and professionally.
Hello. Kia Ora. Talofa. Ni Ho. However, you say it, there’s always a warm welcome at William Buck. Creating an enjoyable environment to spend our days is part of our master plan to create an exceptional place to work.
Applying for a graduate position at William Buck is the first step in a rewarding career.
Our people are the reason for our success. In recognition of this we have comprehensive learning and development programs to ensure our employees are given the right opportunities to grow both as professionals and as people.
Interested in joining our team? Take a look at the answers to some of our most frequently asked questions.
Applying for a role at William Buck is the first step in a rewarding new career.
Here you’ll find the latest business news, thought leadership articles, technical updates and tools to help drive your business performance.
Check out our latest research reports, looking at the key trends and issues faced by the mid-market.
A dedicated area for our Wealth Advisory clients to provide information about their portfolio services.
Our dedicated client portal enables you to share files with your advisor, manage your portfolio and make payments.
The William Buck Tax Rates and Tools App is available for download today.
Check out some of our latest insights and news appearances on our dedicated video channel – William Buck TV
In just one hour our experienced business advisors can prepare an independent assessment of your business through analysis of the key fundamentals of successful growth; your business, your finance and your people.
Check out our latest news articles, looking at the key trends and issues faced by the mid-market.
Sign up to receive the latest insights relevant for your business.
Take a look at our latest research reports.
Packed full of useful features, our free App can help you.
Established in 1895, we’re more than just advisors; offering a full range of services and 360 degree support, we aspire to create a positive change in the lives of our clients and our people.
As a member of Praxity, the world’s largest international accounting alliance, our local team is supported by our extensive network, representing an unrivalled global resource and knowledge pool.
From Western Australia, to New Zealand; and everything in-between; check out our offices, and local team, representing an unrivalled global resource and knowledge pool.
By IAN CATTANACH
DIRECTOR, BUSINESS ADVISORY
The William Buck Hour.
In this free one hour consultation discuss your business aspirations and challenges with a member of our manufacturing team and receive a personalised report with recommendations on how to achieve your goals click here to contact our team. Or call Ian Cattanach on 03 9824 8555.
Infrastructure took centre stage in the May 18 Federal Budget announcement with over $70 billion to be invested over 10 years across Australia, further to the $13.7 billion announced in the Victorian state budget to support a growing economy. This is welcomed by the manufacturing industry as the demand for products, skills and capability is likely to flow directly through to its sectors. With high demand and an estimated 75,000 jobs to be created in Victoria alone, it may be a good time to review your business structure and ensure it has the capacity to scale and manage growth.
The challenge with entity structures is that they really need to be customised to the business. They need to fall in line with the objectives of the business owner(s). This may involve choosing either a company or trust structure or combination of both. It may make sense to put company owned assets into a trust for protection and capital gains tax benefits. Sometimes it makes sense for a trust to own a company. There are a number of variables to be taken into account but it is a good idea to get this right from the start.
If you have the wrong structure, it is possible to change into one that will optimise growth potential but it will incur costs. The amount may depend on the stage of the business.
In the startup phase, many business owners don’t differentiate between being the owner and manager, but rather consider themselves as the business owner that manages the running of the business. When you define yourself with just one role, all management tasks sit underneath that role. That makes it difficult to create structure because you can’t easily divide the duties and create separate roles.
As your company grows, you can continue to be the business owner but employ someone to take over the management aspect of your business. Once you have segregated your responsibilities into two distinct sections, it’s easier to hand one over to someone else. You can handle more customers and projects, and gain higher profits because you have someone assisting you. You can continue to scale the business up by defining the manager role and responsibilities.
Defining roles is often critical in a family business, particularly where responsibilities and tasks can cross over and accountability may become confused. The right organisational structure should provide clarity over who does what and allow teams to flourish with increasing levels of self-reliance. It also has a significant impact on culture for attracting and keeping skilled employees that play a major role in growth.
As the old saying goes, “you have to spend money to make money”. A growing business may need more space, staff and equipment. Often this is required before the business has actually grown so it can be stressful when increased costs and/or a big outlay is seen as a risk.
If you have to buy more land to build a factory, a trust could own the property and lease it to the company. If anything happens to the company, the property is still owned by the trust and can’t be touched to fund company debts. If you have a reasonable super fund, you may be able to purchase new premises through the personal super fund and lease it to the company.
Possibly the biggest challenge is how to manage cash flow when you are trying to grow. A growth plan with milestones can help build the business incrementally, aligning costs with stages of growth to make sure you don’t over capitalise.
If you think applying for grants or making a claim for R&D is in the too hard basket, you could be missing out on much needed funds that could get you through a growth phase. Many startups rely heavily on the R&D rebate to keep going. If you are developing new technology, designs and processes to improve products and services you may qualify and open up a new revenue stream.
Visibility on how the business is doing in real time is invaluable for any business, having access to the right reports for your business will help evaluate progress and allow you to respond accordingly.
Financial reports are mandatory for all businesses. Banks, investors and regulators use these reports to approve loans, lines of credits and to make sure you are following GAAP (Generally Accepted Accounting Principles).
With Management Reporting you will be able to dive deeper by focusing on segments of the business to analyse the drivers of your business. An example would be analysing how the marketing department is performing for a certain time period or how much profit one sales employee had in a certain month.
If you don’t receive management reporting each month you could be missing out on information that can help your company grow or prevent you from implementing costly programs that don’t provide an ROI.
With baby boomers looking at retiring in the next 5-10 years, over 50% of small businesses will be on the market. Finding a buyer can be a challenge particularly where value is the business owner’s knowledge, relationships and/or aging equipment. Buyers will be looking for a business that has growth potential so identifying and transferring value is a process that needs to be implemented before finding a buyer and may take a number of years before it’s ready to sell.
Focusing on factors that may increase the value of a business is the first step. A formal valuation will help determine options which may be different to what you envisaged such as a merger, competitor acquisition or an Initial Public Offering.
Posted By William Buck News on 09/10/2018 06:17:18 am
While the Christmas holiday break is traditionally considered a time to unwind and reflect on the past year, it can also be one of the…