Virtual CFO
Today’s actions create tomorrow’s results. Imagine: being able to control the factors that drive business success to engineer your financial position (without having to resort to creative accounting!). your team never missing budget, and so not having to fight the cashflow fires that result from missing performance targets. When you understand the drivers of your businesses performance, you can. Chief Financial Officer (CFO): noun. Primarily responsible for financial planning and reporting to higher management following analysis of data into decisive information. The CFO typically reports to the chief executive officer and to the board of directors. The CFO directly assists on all strategic and tactical matters as they relate to financial performance. Surprisingly perhaps, most business performance drivers are non-financial. But they all manifest themselves one way or another in your financials…and in your bank balance. From your financials we help you reverse-engineer your business to; identify the drivers of business performance, how you can change these drivers, proactively, and monitor performance to KPIs with a dashboard that keeps your finger on the pulse. All our clients can read. But what they are hungry for is someone who can interpret the results in a way that helps them uncover how they can be even better in business than they already are. You don’t have to hire an expensive overhead – just contract our Virtual CFO with over 22 years advising growing businesses (and has walked the talk in his own businesses) to get what every successful business has…a financial expert on their team. Here is what our clients have told us – sound familiar? “I’ve got someone who does my books in-house, and someone who does my accounts at year-end, but in between…I’m operating from my gut” “I’m going into territory which makes me nervous and I need a tighter handle on how we’re tracking.” “I know I have to be on top of my numbers, but I just don’t know what to do with them once I’ve got them.” “I’ve got to be focused on driving my business forward, I can’t spend hours reading reports – give me a snapshot” “I’m stressed. Things aren’t as they should be; something is not right. I’m good at what I do, so what’s going wrong?” “My accountant tells me I’m making profit, but where is it?” “I need someone to have my back” Don’t put it off any longer – get in control of your destiny.
Tax Planning
We assist our clients to better manage their tax obligations by taking a pro-active approach to their tax affairs, so that they know how much to pay and when to pay. This all reduces surprises at the end of the financial year.
Tax Compliance
Preparation of tax returns (income tax, GST, FBT, PAYE etc) for filing with Inland Revenue Department. Tax returns are filed in compliance with tax legislations. We are proactive in identifying opportunities to legitimately minimise your overall tax position.
International & Domestic
Our global network can place you in-country with on-the-ground intelligence to make your first step a success, and take care of your ongoing compliance. After 12 years serving multinational clients with MGI, a highly ranked international chartered accountancy practice, we are ideally positioned to support growing clients international ambitions. Talk to us now to discuss your needs.
Entity Structuring
We can provide you with an appropriate structure to suit your business and personal situations, with the aim to protect your assets and for tax planning purposes. We understand that not all circumstances are equal and that one size does not fit all when it comes to structuring your affairs.
Company & Trust Administration
We can act as registered office for your company. Prepare and file Annual Returns and hold and maintain the statutory minute books and resolutions of directors, shareholders, trustees, partners etc. Assists in limiting Shareholder and Director exposure and ensures statutory records are managed appropriately.
Budgets & Cash Flow Forecasts
Whether your business is in start mode or in the stages of significant growth, a properly prepared budget and cash flow forecast can help you identify challenges ahead and unlock opportunities. We can assist in the preparation of budgets and cashflow forecasts so that you can plan ahead in your business. This gives real insight into the future performance and position of the business and enables management to prepare for the opportunities and challenges ahead We will spend time with you to gain a sound understanding of what you want to achieve and incorporate this knowledge into the budget/cash flow forecast to help drive the performance of the business. The true benefit of a budget/ cash flow forecast is realised only when it is incorporated into your financial and management reports. We can help you with implementing this into your periodic reports and develop measurable KPIs around it so it becomes part of your management control tools.
Annual Accounts
Compilation of financial statements for companies, individuals, partnerships, Limited Liability Partnerships and trusts. Knowing that the financial statements have been prepared by a chartered accountancy firm provides comfort to shareholders, banks and other stakeholders that the financial results are being reported on a consistent basis and in compliance with relevant taxation and financial reporting regulations. We appreciate that not all business owners know how to interpret a set of financial statements. At Ascension RCA Group, we pride ourselves on being able to explain complex financial information in plain every day language to our clients.