Nicholas Alcock

Established own side hustle business specializing in helping clients who have large tax debts or are facing big challenges with IRD including non-compliance issues

Tax Compliance

• Using proven psychological tools to assess if clients are ready to change their behaviours as part of my onboarding process
• Managing exceptionally challenging clients including those suffering from mental health problems and addictions
• Educating clients on their compliance obligations and areas within their business that are of high audit risk
• Helping clients to reduce their tax arrears including preparing financial hardship applications, organising payment arrangements and tax pooling
• Making Voluntary Disclosures of behalf of clients who have bad tax histories or unaware that they had taking an unfavourable tax position

Forecasting & Cashflow Analysis

• Providing clients with 12-month cashflow forecasts as part of their financial hardship applications
• Analysing and reviewing financial records, financial psychological testing and client interviews to determine patterns of financial behaviour, how the client thinks about money and the reasons why they got into tax debt

Tax Compliance

• Prepared weekly PAYE Returns for three New Zealand based companies and one PAYG Return for an Australian subsidiary
• Prepared and managed GST, RWT and FBT Returns, ensuring timely and accurate submissions.
• Prepared Australian GST (BAS) Returns for two companies, maintaining compliance with local regulations.
• Reconciled VAT Returns for a UK company, ensuring accuracy and compliance.

Financial Reporting

• Prepared consolidated monthly accounts using Spotlight Reporting for the Novelli Group including the New Zealand, Australian and US subsidiaries
• Compiled monthly accounts for other related party group entities associated with the Novelli Group
• Created monthly consolidated accounts using Excel for the main investor of the Novelli Group to monitor his overall equity within the group and performance of other investments
• Prepared consolidated monthly management accounts for a New Zealand based clothing manufacturer.

Monthly Tasks

• Conducted monthly balance sheet reconciliations and journalled month end adjustments, including work in progress, stock on hand and intercompany sales and purchases.
• Created pivot tables in Excel to calculate monthly wage overhead cost allocations
• Manually calculated monthly BAS Returns for an entity registered for GST in both New Zealand and Australia using a single Xero ledger.

• Prepared financial statements and tax returns for a range of larger clients including preschools, portfolio investors and medical specialists.

Tax Compliance

• Successfully orchestrated and completed two financial hardship applications, resulting in $90,000 of tax debt being written off by IRD.
• Undertook and solely managed two voluntary disclosures with IRD, leading to the repayment of $85,000 in core tax and preventing audits for both clients.
• Prepared financial statements and tax returns for a diverse client base for 5 of the 6 branch offices within the SBA Group.
• Enhanced firm value by delivering specialist tax and accounting advice to other offices within the group.

Client Relationship Management

• Engaged with clients to review financial statements and tax returns, manage tax debt and identify additional value-adding opportunities.
• Cultivated and maintained strong client relationships by actively listening and responding to their needs
• Excelled in tax debt management by applying financial psychology techniques from my Financial Therapy course to client situations.

Professional Development and Staff Mentoring

• Proactively advanced my technical and interpersonal skills though continuous professional development, reinforcing my personal brand and receiving peer recognition for my technical expertise.

Tax Compliance

• Compiled comprehensive financial statements and income tax returns for a diverse clientele, including farmers, architects, dentists, builders, drainage firms and landlords.
• Prepared and submitted accurate GST Returns, ensuring compliance with regulatory standards
• Assisted clients in optimizing their overall tax position through organising tax pooling with Tax Management New Zealand
• Facilitated client meetings to discuss final accounts and tax returns, providing clear insights and recommendations

Tax and financial reporting compliance

• Compiled detailed financial statements and tax returns for a varied client base, including construction companies, dentists, property developers, farmers and not-for-profit organisations
• Conducted audits for clubs, charities, and incorporated societies, creating management letters to identify internal control weaknesses and ensure compliance New Zealand legislation and financial reporting standards

Tax and Financial Compliance

• Prepared comprehensive annual financial statements, income tax returns, GST and RWT returns for the firm's farming clients, primarily in the dairy and beef sectors.
• Compiled income tax returns for clients with substantial investment portfolios, accurately calculating their FIF liability using the IRD online calculator
• Conducted financial audits of schools during the summer months, ensuring accuracy and compliance with the educational reporting standards

Business Development

• Founded and developed a Work and Travel business from the ground up, including the creation of a website using the services of a professional designer and a German freelance journalist.
• Secured an EU business development grant and collaborated with a marketing specialist to enhance business marketing and ensure compliance with German business laws.

Sales and Marketing

• Conducted sales interviews in German with potential clients and their parents, effectively communicating the value of the services being offered.
• Executed advertising strategies through Google, local magazines and trade shows within the Ruhrgebiet, increasing brand visibility and client engagement.

Staff Recruitment

• Recruited and managed freelance sales staff, fostering a productive and motivated team environment

Business Operations

• Organised comprehensive travel packages for German Work and Travel clients, including flights to New Zealand, travel insurance, visas, bank accounts, seasonal work offers and IRD numbers prior to departure
• Operated a New Zealand Tax Agency in Germany, providing tax services to German work and travel clients

Tax Compliance

• Prepared and filed German Sales Tax and Income Tax Returns, ensuring financial accuracy and compliance

• Compiled monthly management accounts for a computer book wholesaler in accordance with US GAAP Reporting requirements.
• Prepared annual financial statements for a diverse portfolio of clients including commercial property developers, insurance companies and card dealers, ensuring accuracy and compliance.
• Prepared and submitted VAT Returns, in accordance with UK tax regulations.
• Audited and compiled financial statements for a group of insurance companies based in Eastern Europe.

Tax Compliance

• Prepared comprehensive annual financial statements and tax returns for a diverse range of clients, including groups of companies.
• Completed GST, FBT and PAYE Returns

Management Accounting

• Prepared monthly management accounts for a local printing firm including budget variance analysis.
• Compiled detailed quarterly management reports for Board of Directors meetings.
• Prepared Cashflow Forecasts.
• Managed the affairs of a large body corporate.
• Assisted in organising a company's AGM for 54 Shareholders.