Xero is an accounting software app that simplifies and automates many of your business tasks based primarily around your business bank account/s. Click for more info about Xero

Hubdoc is an app which integrates with Xero to capture and store all your receipts electronically. Watch this video to know more.

Yes, unless you want to view reports on profitability etc or be more hands on.

Absolutely!

Yes, you need a separate bank account for your business (preferably 2 - another for saving your taxes). All your business transactions should go through this bank account, however you can transfer money in and out for personal use. Note that if you use your business account for personal use you may incur more charges.

Yes, you are required to for tax purposes. You can't claim GST without a receipt/invoice. Using Hubdoc keeps them securely in a digital cloud, it saves you space and the problem of lost and faded receipts. In fact, you can throw away your receipts after you know they have uploaded! You can also forward those emailed invoices/receipts to Hubdoc.

Ideally yes (we can help with this). However, if you have already started there are things we can do to get you on the right track and still account for what you've done previously.

No, however it is more cost effective and efficient unless you have less than 5 business transaction per month and aren't registered for GST. Recapture uses Xero to complete annual accounts and file tax returns directly with Inland Revenue, so using Xero enables a smoother overall process.

Yes filing your annual income tax return and prividing basic tax advice is all part of the service. We can also file GST, PAYE, AIM, donations and other tax returns if required, plus provide indepth advice on trickier tax topics for an additional fee.

Absolutely! We'd love to chat with you about your business which is why we provide a 1 hour free business consultation to discuss your business situation and needs. Contact us here

Get one initial free business consultation on your business tax and accounting needs with Davina, our accountant.