RSM New Zealand

Accounting and Business Advisory

At RSM New Zealand, we provide a complete range of accounting and business advisory services to help SME owners with their day-to-day administrative needs – such as company secretarial or compliance. Our advisory solutions are designed to allow you to focus on running your business.

Our business advice can also make a significant impact when it comes to planning for future wealth creation and maximising your wealth at retirement.

From protecting your assets to funding your business for growth, or developing an exit strategy to maximise your return for a comfortable retirement – our team of advisors will work with you to devise practical accounting and business advisory solutions to help you achieve your goals.

Our accounting and business advisory services

Business structures

In New Zealand, there are several different ways you can structure your business. With our in-depth knowledge, we’re well-positioned to help you find the best business structure to fit your needs and allow you to grow. Our advisory services include identifying the right option for you, setting up your preferred structure and registering you with government agencies for tax.

Compliance accounting solutions

Your annual accounts provide a complete overview of your business activities and performance during the previous fiscal year. The RSM New Zealand team offers bespoke accounting services to assist with every stage of your company’s development so you can concentrate on what you do best – from completing legal and compliance documents to preparing annual statements.

Forecasting and budgeting

Do you know the difference between a budget and a forecast? Our skilled team can predict the potential end-of-year results for your business based on your current year-to-date figures. Our specialist software can also help prepare accurate budgets and ensure reliable forecasts so you can enhance your business strategising and sustainability.

Management accounting services

Our accounting team can work with you to design management accounting solutions that are bespoke to your business. Our flexible systems can be adapted as your business changes and grows – allowing you to take informed day-to-day and short-term business strategy decisions using key financial information. As things can change rapidly in today’s business environment, our team can help make sure you’re ready to respond when they do.

Succession planning

With our business advisory services, RSM New Zealand can help you put in place a succession plan that delivers future growth and a higher survival rate. It can be an important part of any business strategy – having systems prepared so your business can continue operating without you. Thanks to our objective business advice, we can help make your planning and succession process much easier.

Trial Balance - Issue 66 March 2019

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 66 - March 2019 In this issue:
14 March 2019

Key person cover

Key person cover – is your business vulnerable?
22 November 2018

Standard Terms and Conditions - RSM New Zealand

Please note this document is only applicable to the trading entities RSM New Zealand (Auckland) and RSM New Zealand (Auckland North).  If you are an audit client through RSM Hayes Audit, you will be provided with a separate document outlining your engagement terms
1 June 2018

Trial Balance - Issue 62, March 2018

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December
23 March 2018

Can you afford to sell?

A "Business Value Gap" is the difference between the value of your business today and what you need it to be at the time of sale.  A shortfall can have a signficant impact on your retirement plans and may force you to reassess your desired standard of living in retirmenet.  Worse case - it may mean you can't afford to sell. 
13 February 2018

Trial balance - Issue 61, December 2017

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting. The Trial Balance is published quarterly in March, June, September and December Issue 61 - December 2017 In this issue:
1 December 2017

Cash flow leads to success

Successful companies treat cash flow as an insurance policy, a buffer.  They have 3 to 10 times the ratio of cash to assets compared to their competition.
24 July 2017

Business vehicles - lease or buy?

If you are considering buying a new vehicle for your business and require finance, you have a choice of two options: to lease or buy the new vehicle.
11 July 2017

Draft Trusts bill

14 years since a paper called Some Problems in the Law of Trusts was released a draft Trusts Bill has been released for consultation. The draft Bill largely reflects the recommendations from the Law Commission’s review of trust law that commenced in 2009 culminating in a final report that was released in 2013.
26 June 2017
wound up trust

A wound up trust - all you need to know

A trust is wound up (brought to an end) when all of the trust’s assets are distributed to the beneficiaries or to another trust, either directly or by way of resettlement. 
21 June 2017

Trial balance - Issue 59, June 2017

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 59 - June 2017 In this issue:
1 June 2017
PBE Accounting Standards Adoption –The good, the bad, and the ugly

PBE Accounting Standards Adoption –The good, the bad, and the ugly

New Zealand is now two years into our new accounting framework for Public Benefit Entities being applicable.  So how has it gone?  What has the experience been to date?  What can we learn from the adoption so far?
29 May 2017

Fundraising Magazine - PBE Accounting Standards Adoption

Fundraising New Zealand magazine has been New Zealand's premiere independent monthly subscriber publication for the not-for-profit sector, and associated support organisations and individuals, since 2002.
29 May 2017
Narrow-scope amendments to the presentation of financial statements for for-profit entities

Narrow-scope amendments to the presentation of financial statements for for-profit entities

An initiative was launched internationally to explore how disclosures in IFRS can be amended to improve the way in which information is disclosed and presented in financial statements. Narrow-scope amendments to IAS 1 were issued by the IASB and approved by the NZASB for use in NZ IFRS.
10 May 2017
Craig Cooper Partners RSM New Zealand

RSM appoints new business advisory partner – Craig Cooper

RSM has strengthened its practice by appointing a new Business Advisory Services Partner, Craig Cooper, based in the Auckland Office.
21 April 2017

Trial balance - Issue 58, March 2017

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 58 - March 2017 In this issue:
1 March 2017
How to maximize the value of your business

How to maximize the value of your business

I know that you have no intention of selling your business and that you can keep running it forever!  But I suspect that you will at least accept that all businesses go in cycles as does the economy.
23 February 2017
Charities Guidance

Charities Guidance

Chartered Accountants Australia and New Zealand offer technical support for Charities learn more here
19 January 2017

7 ways to help your family business succeed

Owning a family business can be a rewarding way to establish a legacy and help provide for future generations. But the dynamics of a family-owned operation can prove uniquely challenging.
12 December 2016
What’s your plan for next year?

What’s your plan for next year?

It’s nearly the end of another year (Wow!  How did that happen so fast??).  As such, it is a useful time to pause and think about what you want to achieve with your organisation next year. 
6 December 2016

Trial balance - Issue 57, December 2016

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 57 - December 2016 In this issue:
1 December 2016

Accounting for Heritage Assets - why and how?

Question: How do you value a church or a museum collection?
29 November 2016
Here's what a Trump presidency means for the economy

Here's what a Trump presidency is likely to mean for the economy

This article is the opinion of Joe Brusuelas, RSM US Chief Economist and originally published on the RSM US site. Changes coming for growth, taxes, infrastructure, interest rates and trade
17 November 2016
Phishing and whaling – Don’t get hooked!

Phishing and whaling – Don’t get hooked!

With cyber-attacks on organisations on the increase one of the most common attack techniques we are seeing at present continues to be phishing and whaling attacks.  So what are these?  And more importantly; what can you do to stay safe?
19 October 2016

External Reporting Board (XRB)

Important resources you should be aware of are found on the External Reporting Board website - the site for accessing the s
17 October 2016
A guide for NFP financial reporting in New Zealand

A guide for NFP financial reporting in New Zealand

Download below the CA ANZ guidance brochure for NFP financial reporting in New Zealand. Guidance for NFP financial reporting in New Zealand
16 October 2016
DIA Charities Services

DIA Charities Services

Important resources to be aware of are found at the DIA Charities Services website. 
15 October 2016
A resource page for charities

A resource page for charities

Registered Charities We know many Chartered Accountants do a lot of pro-bono and low bono work for charities. This work brings great value to our communities and we fully support this. It is important that you know about the new requirements for charities, and we want to ensure you have the information you need.
11 October 2016

Fraud Insights - a series of practical videos to help alert people to fraud risks and techniques

Instances of fraud are not only becoming more prevalent but are also increasing in complexity. Auditors have a responsibility to remain alert to the prospect of fraud and professional scepticism is crucial.
5 October 2016
RSM gives back to the community

RSM gives back to the community

RSM World Day : A day when the independent member firms of the RSM network unite and engage with national, or local, charities through volunteering and community work and other charitable giving activities
22 September 2016

How is your team morale?

A vital ingredient of any successful business is team morale. It becomes of paramount importance if your business is going through difficult times, and we don’t just mean “hard times”.
12 September 2016

Trial balance - Issue 56, September 2016

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 56 - September 2016 In this issue:
1 September 2016

Do you have a will?

Approximately 5 % of new Zealanders will die without a will in circumstances where a court application will be necessary to determine how the deceased’s estate is to be distributed
22 August 2016

Case study : Power of Attorney

While it can be useful to have to ensure that there is someone who can make decisions for you and sign documents when you are not able to, it is important to review your powers of attorney from time to time and make sure that your attorney will act appropriately.  It is also important to appreciate that under a standard “power of attorney and deed of delegation” y
15 August 2016
Preparing cash flow statements

Preparing cash flow statements

An interesting feature of New Zealand’s new financial reporting requirements is the requirement to prepare a statement of cash flows.  Hence any general purpose financial statements required by law now need to include one of these statements. 
9 August 2016

Grant Hally talks growth strategy

RSM doubles its presence in Highbrook How we did it and why
8 August 2016
XRBrief Issue 1

XRBrief Issue 1

XRBrief 1 is a new initiative of the XRB for your information and education. It is designed to keep people informed of what is happening and changing in the financial reporting, and audit and assurance standards space in a concise manner.
2 August 2016

Kiwis read annual statements but fail to follow up

KiwiSaver providers must send out an annual statement to all their members in the three months following the end of the financial year (May-July).
7 July 2016

New residential land tax from 1 July

You may be aware that Residential Land Withholding Tax (RLWT) will soon apply to sales of certain properties in New Zealand. Will the implications of this new regime be relevant to you or your business?
28 June 2016
How much should we have in cash reserves?

How much should we have in cash reserves?

One of the vexed questions for boards of not-for-profit entities is what level of reserves the entity should hold as operational insurance. 
28 June 2016

Phishing scam alert : IRD warning

Police have urged the public to be vigilant after recent reports revealed that callers pretending to be from government departments, predominantly the Inland Revenue Department (IRD) had demanded money in the form of vouchers. 
23 June 2016
The importance of segregation of duties in preventing fraud

The importance of segregation of duties in preventing fraud

The National Business Review (NBR) recently published an article profiling Upper Hutt College, whose former executive officer Donald Hancox plead guilty to 10 fraud charges in relation to his swindling $375,000 from the college. 
16 June 2016
How much the not-for-profit sector contributes

How much the not-for-profit sector contributes

Well done to Statistics New Zealand for providing some clarity and visibility around how much our NFP sector in NZ contributes to the economy. NFP Infographic
14 June 2016

Trial balance - Issue 55, June 2016

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 55 - June 2016 In this issue:
1 June 2016

Scam alert - "Corporate Portal"

Corporate Portal New Zealand scam
30 May 2016

What are your rights as a trust beneficiary?

Beneficiaries’ rights to trust information have been challenged in the recent Court of Appeal decision in Erceg v Erceg.   Prior to the Court of Appeal decision in Erceg v Erceg it was settled law in  New Zealand that beneficiaries had a right to trust information.
4 May 2016
Democracy - Yours to ignore!

Democracy - Yours to ignore!

We are incredibly fortunate to live in a beautiful, wealthy, safe, first world country.  We also live in a democracy with an excellent system of law that allows us to participate in civil society.  Every one of us has the ability to have a real say in our country's future - if we choose to exercise that right.
27 April 2016

How to conduct a Trustee meeting?

Trustees have a duty to review the affairs of a Trust. Holding (at least) an annual trustee meeting can ensure that this duty is satisfied, and is also a useful means to better ensure the proper management of the trust.   However, how should  a trustee meeting be conducted?
22 April 2016
NFPs: Bringing investments to account

NFPs: Bringing investments to account

One of the key changes to accounting treatment for many not-for-profit organisations is the change to accounting for investments.  Caught under the rules for financial instruments under PBE standards, for Tier 1 and Tier 2 not-for-profit entities, the rules governing how to account for your investments are now complex. 
21 April 2016
Is your charity ready to comply with the new accounting standards?

Is your charity ready to comply with the new accounting standards?

Effective 1 April 2016 New Zealand’s charities regulator has a new role – monitoring and checking compliance with the new mandatory financial reporting standards.  So how is the DIA Charities Services likely to approach this? The background to the changes
21 April 2016
How to write a great statement of service performance report

How to write a great statement of service performance report

A key part of the new performance reports required of charities and other entities adopting the XRB’s PBE accounting standards is the requirement to present a statement of service performance report.  So how does an organisation write a great one?  Background
7 April 2016
A spotlight on transport

A spotlight on transport

Profit margin is a measure used to define job effectiveness.  Third party logistics (3PL) companies remain relevant and competitive by being cost effective.  Longer route times, trickier cargo and an increase in customer demand around time and cost have driven the need for 3PL companies to collaborate for effective solutions.
6 April 2016
Paid parental leave changes 1 April 2016

Increase to paid parental leave

From 1 April 2016, the period an employee can receive paid parental leave payments will increase to 18 weeks.
5 April 2016
A spotlight on transport

Governance 101

At RSM we love to share good ideas, innovation, and helpful resources. The team at Sport NZ are in our view leaders in providing useful information and educational material to sports organisations. However much of this good information equally translates to valuable resources for the wider NFP/Charitable sector.
5 April 2016
Merger Delivers Growth for RSM in New Zealand

Merger Delivers Growth for RSM in New Zealand

The merger of chartered accounting firms RSM and Nexia New Zealand’s Auckland operations will deliver a stronger, mid-market offering in accounting and business solutions.
1 April 2016
Risk in Charities and NFPs

Risk in Charities and NFPs

Risk in any organisation is a big issue, albeit one that gets vastly differing levels of attention in New Zealand charities and Not-For-Profit entities (NFPs).  From a fundraising perspective risk is often just viewed as the potential for loss of funding streams, however it is much more than that.
30 March 2016
New Trends in Financial Reporting – Integrated Reporting

New Trends in Financial Reporting – Integrated Reporting

In an earlier article we have previously written about new trends influencing financial reporting including the concept of Integrated Reporting. 
24 March 2016
Newsletter for Schools

Newsletter for Schools

School sector reviews happening in 2016 We appreciate that various reviews are often happening in schools in New Zealand but we think two of these underway in 2016 have potential to be quite significant longer term. 1.     Review of the Education Act 1989
23 March 2016
Innovation a mainstay in modern business  

Innovation a mainstay in modern business  

Innovation is crucial to the continuing success of any organisation, no longer relegated to the back-burner, innovation has now become a necessity in modern day business. Whether you are looking to streamline processes and procedures or embarking on transforming your ideas into reality, being innovative is an important ingredient when
22 March 2016
Nicola Hammond promoted to Partner

Strength in leadership and diversity at RSM

Announcement of Nicola Hammond as Partner at the Auckland office on 1 April 2016 brings ratio of female partners to 21% across the group
16 March 2016
Charitable Entities raising money from Investors

Charitable Entities raising money from Investors

Many charities and not-for-profit entities want to explore different forms of funding.  We are also increasingly seeing a blurring of the lines between charitable entities and commercial entities. 
14 March 2016

Trial balance - Issue 54, March 2016

Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 54 - March 2016 In this issue:
1 March 2016
Budgets – Your guide to a perfect(?) one

Budgets – Your guide to a perfect(?) one

Budgets are important.  Done well they help people and organisations plan their future, monitor their progress towards it, and achieve their goals.  Hence creating a good budget for your organisation is a key skill and tool in your creating the future you want and hopefully sustainable success.
29 February 2016

What a holiday - Holiday Pay taxed as salary/wages or as an extra pay?

It appears there has been some confusion among taxpayers when it comes to classifying holiday pay as either salary/wages or as an extra pay for the purposes of deducting PAYE. This was not helped by incorrect material published on the IRD website.
25 February 2016
The Purpose of your Incorporated Society - Can it make money?  And who can take it home?

The Purpose of your Incorporated Society - Can it make money? And who can take it home?

One of the interesting clarifications under the proposed Incorporated Societies Bill relates to money making activities undertaken by societies and member's access to monies or assets of the incorporated society.
16 February 2016

ACC acronyms explained

Have you seen the term “BIC code” but not known what it meant?  Do you see reference to your “CU” on your ACC invoice and wonder why you need that?  Read on for our explanation of the acronyms and their importance to you:
10 February 2016
Incorporated Societies Bill - Timeline?  And do we have to act now?

Incorporated Societies Bill - Timeline? And do we have to act now?

As we've highlighted previously the Incorporated Societies Act 1908 is up for an overhaul.  The Ministry of Business, Innovation & Employment (MBIE) released their Exposure Draft of the Incorporated Societies Bill in November 2015.  So what is the timeline from here?
9 February 2016
Donated Goods Amendment Issued

Donated Goods Amendment Issued

We've previously written on the topic of Opportunity Shops and the potential practical problem created by the new accounting standards and how these require accounting for donated goods.   We are now pleased to provide an update.
2 February 2016
Consolidations – an accounting or a strategic issue?

Consolidations – an accounting or a strategic issue?

We’ve previously advised that consolidations of entities for accounting purposes is likely to be one of the more challenging aspects of complying with the new mandatory accounting standards.  While the accounting concept and mechanics need working through, it is perhaps more important and possibly more beneficial to consider this issu
26 January 2016
Exemption notice | Respite for some Australian subsidiaries

Exemption notice | Respite for some Australian subsidiaries

Australian subsidiaries that apply Class Order 98/1418 no longer need to prepare another set of accounts for themselves (and any subsidiaries) for the purpose of their New Zealand reporting obligations
18 January 2016

Press release - Emily Xu promoted to Principal

New Zealand Chartered Accounting firm, RSM New Zealand have today announced the promotion of Ms Emily Xu to Principal of its Asian accounting group. She will continue to be responsible for the growth and development of specialised services to migrant and overseas investors. 
11 January 2016

A trustee's tax liability

Did you know trustees are personally liable for the tax obligations of a trust? You may think this is obvious, but have you thought about what tax consequences there may be when you resign as a trustee? The Inland Revenue Department (IRD) have recently released a notice reminding trustees to keep their records up to date -
21 December 2015
Incorporated Societies Bill - Proposed Accounting & Audit Requirements

Incorporated Societies Bill - Proposed Accounting & Audit Requirements

As previously advised the proposed overhaul of our Incorporated Societies legislation has now been released for public consultation in New Zealand.  [Involved in an Incorporated Society?
14 December 2015

Holiday pay and entitlements: How to calculate

Public holidays, annual closedowns, different pay rates – there are many considerations in the run-up to Christmas apart from buying presents. Take the time to calculate and pay your staff what they’re entitled to Employees are entitled to a paid day off on a public holiday if it would otherwise be a working day.
30 November 2015
Social Impact Investing

Social Impact Investing

Is it the new Holy Grail for the charitable/NFP sector?  Or just a theoretical concept and lot of hot air?  We look at this new area of funding in the charitable/NFP sector and some words of wisdom from a recent visiting UK expert and explorer in this area; David Carrington.
30 October 2015
Transparency for Charities | A double-edged sword

Transparency for Charities | A double-edged sword

A culture of increased transparency – Welcome to the new world for charities.  However this could also be known as ‘the outing of charities in the press.’  Is your charity prepared? Heard about charities in the media lately?
8 September 2015
New charity financial reporting and audit requirements | An opportunity for alignment?

New charity financial reporting and audit requirements | An opportunity for alignment?

The biggest change in financial reporting in 20 years, and for many charities; the biggest change to their financial reporting ever, has recently been legislated. We look at the opportunities this presents for the entities themselves as well as for funders and stakeholders. Background
20 August 2015
Accounting Legislation Change

Accounting Legislation Change

The accounting world in New Zealand has been going through the most significant changes in the past 20 years. Much of this has been the result of the comprehensive legislative reform that is now in effect. We highlight some changes that may be important to you or your clients.
19 August 2015

What is a growth options report?

We have been offering growth option reports to our clients for a few years now and still we often get asked “what is a growth options report”. To help explain it, we thought it may be useful to provide a real life example.
16 July 2015
Who holds the keys to change?

Who holds the keys to change?

Getting change to occur in any organisation is difficult. Often it seems even more so in the NFP/charity sector. We explore some of the reasons why and seek to answer the question; “Who holds the most effective keys to facilitating change.” Background
14 July 2015
Mandatory performance reporting for charities

Mandatory performance reporting for charities

Out with annual financial reports and in with the more comprehensive performance reports.  Why this mandatory change for registered charities and what does it mean?
28 April 2015
The passion conundrum in the NFP/charitable sector

The passion conundrum in the NFP/charitable sector

Passion is an essential requirement for success. But can there be too much passion? Is passion sometimes actually a handbrake on success?
7 April 2015
Incorporated societies act | Time for an overhaul

Incorporated societies act | Time for an overhaul

In 2013 The Law Commission released their report on their comprehensive review of theIncorporated Societies Act…and a sensible well considered report it is too!   We look at what this is likely to mean in summary for New Zealand’s 23,000 + Incorporated Societies.
27 March 2015
Are you a New Zealand Incorporated Society?

Are you a New Zealand Incorporated Society?

New Zealand company legislation has, and is continuing to undergo some quite dramatic changes of late.  The latest changes come in the form of the Companies Amendment Act (No 4) 2014 which introduces a number of new requirements for New Zealand companies. 
14 March 2015
Demystifying donee status

Demystifying donee status

Donee status.  Most people will have heard of this concept in relation to charities.  But scratch the surface a bit deeper and one commonly finds a lack of any further knowledge, and some common misunderstandings.  Hence we thought it would be helpful to provide a summary of some key features of donee status.
6 March 2015
Impact of New Zealand's financial reporting changes

Impact of New Zealand's financial reporting changes

There has been huge change in financial reporting legislation in New Zealand in recent years. A direct result is different financial reporting and assurance requirements for different types of entities going forward.
25 February 2015
Your organisation is at risk from fraud!

Your organisation is at risk from fraud!

Hopefully that headline gets your attention. Sadly in our experience as auditors this statement is true. We are yet to find the perfectly protected organisation when it comes to fraud risk. However there are some basic things any organisation can do to help protect itself.
14 February 2015

Are you the director of a New Zealand incorporated company?

New Zealand company legislation has, and is continuing to undergo some quite dramatic changes of late.  The latest changes come in the form of the Companies Amendment Act (No 4) 2014 which introduces a number of new requirements for New Zealand companies.  The changes are intended to strengthen New Zealand’s reputation in the global community as a place to do busin
1 February 2015
Risk in charities and Not-For-Profits

Risk in charities and Not-For-Profits

Risk in any organisation is a big issue, albeit one that gets vastly differing levels of attention in New Zealand charities and Not-For-Profit entities (NFPs). From a fundraising perspective risk is often just viewed as the potential for loss of funding streams, however it is much more than that.
14 January 2015
What you need to know about share based payments

What you need to know about share based payments

A key challenge for owners big and small is how best to keep the attention and motivation of management aligned with those of the board and ultimately the owners of a company.
7 October 2014

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