My conclusion is : In some places, I mean not in big cities, the accounting business is very stable. In fact, many accounting firms don’t even want more customers because they lack the resources to serve new clients.
Accounting firms in Invercargill
Top accounting firms in Invercargill, New Zealand:
| Accounting Firm Name | Employees | Estimated Annual Revenue (NZD) | Estimated Number of Clients | Clients per Employee | Revenue per Employee (NZD) | Locally Owned | Website |
|---|---|---|---|---|---|---|---|
| BDO Invercargill | 33 | $3,300,000 | 330 | 10 | $100,000 | No | bdo.nz |
| Findex Invercargill | 20 | $2,000,000 | 200 | 10 | $100,000 | No | findex.co.nz |
| McCulloch & Partners | 20 | $2,000,000 | 200 | 10 | $100,000 | Yes | mcp.co.nz |
| Crowe South | 25 | $2,500,000 | 250 | 10 | $100,000 | No | crowe.nz |
| Malloch McClean | 25 | $2,500,000 | 250 | 10 | $100,000 | Yes | mmca.co.nz |
Key services offered by accounting firms
key services offered by accounting firms :
| Service | Description | Business Share | Fee Range (NZD) | Client Input | Output |
|---|---|---|---|---|---|
| Tax Filing | Preparing and submitting GST, PAYE, and income tax returns | 40%-50% | $1,000-$5,000 per year | Transaction records, bank statements, payroll | Accurate tax returns and submission confirmation |
| Financial Reporting | Preparing annual or quarterly financial statements, such as balance sheets | 20%-30% | $1,500-$4,000 per year | Annual transaction records, asset and liability details | Standardized financial statements for compliance or banking |
| Payroll Management | Managing employee salaries, KiwiSaver, and PAYE submissions | 10%-15% | $100-$500 per month (based on staff size) | Employee contracts, salary structures, timesheets | Payslips, tax deductions, and KiwiSaver reports |
| Business Advisory | Offering financial planning, budgeting, and tax optimization advice | 10%-20% | $150-$300 per hour | Current financial status, budgeting goals | Strategic financial advice, optimized budgets or investment plans |
| Audit & Compliance | Auditing financial records to ensure regulatory compliance | 5%-10% | $3,000-$10,000 per year (based on scale) | Ledgers, tax records, compliance requirements | Audit reports ensuring compliance and transparency |
| Company Registration & Secretarial Services | Assisting with company registration, annual report filing, and maintenance | 5%-10% | $632.50 for registration (incl. GST) | Business name, shareholder information, registered address | Company registration documents, annual compliance reports |
Explanation of Columns :
- Service: The main categories of services offered by accounting firms.
- Description: A brief explanation of what the service entails.
- Business Share: Estimated percentage of the firm’s overall business represented by this service.
- Fee Range: Typical charges based on the complexity and scale of the service.
- Client Input: The information or documentation the client must provide to enable the service.
- Output: The deliverables provided to the client upon completion of the service.
Potential ways to help businesses perform better through information technology
No easy way.