Business Checklist

Welcome Lowther's Business Questionnaire. 

Complete one checklist per Company, Partnership or Trading Trust.

If there is a required field (marked by *) that does not apply to you, please enter either 0 or N/A.

Your Details

Accounting System

Lowthers processes my transactions internally during the year *
What accounting system have you used during this financial year? (Please tick if applicable)
If no cashbook is kept please ensure the following:
  1. Any direct debit or eftpos transactions are clearly identified in the bank statements
  2. The source of all deposits not detailed in the deposit book are clearly identified in the bank statements
  3. Clearly mark all deposits other than sales or trade debtors
You can upload these documents here 

Wage Records

Do you employ staff? *
Has Lowthers got access to your payroll?
If Lowthers does not have access to your payroll then we will require a copy of your payroll ledger including kiwisaver and other wage deductions from your general ledger and a copy of your payroll records for the financial year from Inland Revenue. You can upload these documents here

COVID Relief

Have you applied for the Covid 19 Wage Subsidy during the year? *
Was an application made for non PAYE Owner - employees? *
Excluding the above, has your business received any other government support (such as the Resurgence Support Payment or the Small Business Cashflow Loan Scheme? *

Loans, Hire Purchases and Lease Agreements

Did you have any Loans, Hire Purchases or Lease Agreements during the year? *

Inventory or Work in Progress

Did you carry inventory or have work in progress?

Notes:

  1. Hold onto details of stock and WIP sheets and provide if required.
  2. Please contact us if you are unsure how to value your inventory or work in progress.

Accounts Payable (Creditors)

Did you have any Accounts Payable (Creditors) as at balance date? *

Accounts Receivable (Debtors)

Did you have any Accounts Receivable (Debtors) as at balance date? *

Notes:

  1. Bad debts must be written off before balance date if you do not consider them to be collectable.
  2. Sales invoices should be available if required.

Fixed Assets

Have you purchased or disposed of any Business/Trust assets during the year? *

Fringe Benefit Tax (FBT)

Did you pay Fringe Benefit Tax (FBT)? *

Goods and Services Tax (GST)

Are you registered for GST? *

Interest and Dividends

Did the Business or Trust receive any Interest or Dividends during the year? *

Crypto Assets

Did you hold or dispose of any Crypto Assets during the year?
If yes, please provide a copy of any workings supporting the purchase or sale of any Crypto Assets during the year and any historical workings supporting the purchase and sale of crypto assets

Have you previously supplied details of your Crypto Asset transactions to Lowthers?

Buying/Selling Investments, Real Estate or Business

Did you buy or sell a Business, Real Estate or Investments during the year? *

Foreign Income/Expense

Did you receive any foreign income or incur foreign expenses? *

Home Office Allowance

Do you want to claim a home office allowance? *
If yes, please provide details below or upload your workings. There is a great resource from IRD in the link provided below about home office expenses.
 
Home Office Expenses 

Business Portion of Expenses

Did you incur any costs which have a private use component? *

Entertainment Expenses

Did you incur any entertainment expenses? *

Trusts

Are you completing this questionnaire for a Trust? *

Cash on Hand

Did you have any cash or floats on hand at balance date? *

General Information

If trading as a company, were there any changes in shareholding or directorship? *
How will you be sending your documents to Lowthers? *
An email reminder will be sent to you if your documents are not received within one month of receiving this checklist.
How would you like to receive your completed 2023 Financial Statements? *

Fee Guarantee

I agree that if the accounting work is undertaken on behalf of a company or trust then the shareholder/s or trustee/s whom I represent, personally guarantee the payment of our accounting fee.

Disclaimer

I accept responsibility for the completeness of all records and information supplied to Lowthers for the purpose of them preparing my Income Tax Return.
 
Where information cannot be located by me I hereby authorise Lowthers to obtain from third parties any records or information that they require to prepare my Income Tax Return and accordingly these third parties are authorised to provide to Lowthers this information.
 
I acknowledge that additional accounting costs may be incurred for collecting such missing information where this ordinarily should have been included in my documents submitted to Lowthers.
 
If complete information is not supplied I acknowledge that this may delay the completion of the financial statements and income tax return.
 
Our Terms of Trade are
 
You will receive our fees invoice on completion of your assignment. On larger assignments progress invoices may be issued. Our fees invoice will be addressed to your Company, Trust or Partnership as the main entity and could include all work for all your tax payer entities including yourselves as individuals.
 
All invoices are due for payment 14 days after date of invoice.
 
So that we can continue to provide our high quality of service, we ask that you pay your accounts on time. If at any time you have any queries or concerns regarding payment, we ask that you contact us as soon as possible to work out a resolution. We have a range of payment options to accommodate multiple situations.
 
We reserve the right to charge interest at 2% per month on outstanding balances.
 
In the event of default, if the accounting work is undertaken on behalf of a company or trust, the shareholder/s or trustee/s will be held personally liable for any unpaid invoices.
 
In the event of default, debt collection costs and other costs incurred relating to the collection of outstanding balances are to be charged on the debt and passed on to you until paid in full.
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Upload your documents here

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