We know that the first year of business can be exciting and you'll want to focus on growing what you do best. We provide a range of services for new businesses, see the drop-downs below for more information.
PAYING LESS TAX
We help our clients claim all allowable deductions from their income before tax is calculated. We look at your business structure and financing to make sure you claim your tax credits and ensure your investments are structured in the best possible way.
You'll receive tax savings from the deductions claimed and from better income allocation and more deductible interest costs. The IRD will also give you more tax back in your tax return. On your investments, you can receive more interest after tax by using the PIE structure.
Examples: - Client using his vehicle for business & only claiming petrol - we found the best way to claim additional deductions resulting in a saving of $950 in tax. - Client with a successful business but had tax losses not being used in his trust - moved the business ownership to the trust for long term security reasons and incidentally used up the tax losses over 3 years saving $11,000 in tax. - Client had overlooked claiming their income protection insurance. We processed this for them recovering $650 in tax. - Client had $150,000 on term deposit paying the top tax rate on this. We got them to change to PIE with the same bank - with the PIR set at the allowed rate saving 3% in tax amounting to $226 every year.
Access help with business and tax
As well as looking after your annual accounting and tax we can be available as required to discuss business and tax matters or answer questions on the phone. You always have us available to help you as and when required.
Example: A client called us to help with a decision on whether to buy or lease his work vehicle. Based on his situation and the transaction we recommended he fund the purchase from his bank – saving $1,300 in interest costs over the 36 month repayment period.
Preparing a loan request
You might need to get more money from your bank. If so you will need to present a well-documented case to the bank manager including cash flow forecasts etc. We can help you with your presentation and have successfully assisted clients in this way before, including attending the meeting at the bank as well.
Example: A client who had taken an opportunity to buy significantly more business assets was then very tight on funds, incurring IRD late fees & penalties etc. With our help, they received bank funding which will save over $5,000 over the course of the year.
UNDERSTAND HOW WELL YOUR BUSINESS IS DOING
We can help you with your accounting processes and monthly reporting to a level that works with your own skills & resources. Being able to relate your business efforts with the financial outcomes on a regular basis will help you achieve your live goals and dreams.
Example: Clients with a cash based business came onto the Xero software product and can now see their performance, read the trend graphs against last year and budget and have improved their profitability as a result.
SAVE TIME DOING YOUR BOOKS
We can help assess whether your current accounting software is the most appropriate for your needs and possibly present alternative options. The options we present may be able to save you both time and money.
Example: Clients who had been manually entering their data into a software product moved to Xero simplifying and streamlining their processes and saving over half the time they used to spend on their books & GST work. They now have more family time!
Claim for your vehicle
We have a wide range of experience in helping clients optimise their vehicle claims. You will get to claim for your vehicle in the best way and reduce the risk of IRD audit in this often complex area of tax law.
Example: After our conversation, our client transferred his car into his company and even after allowing for Fringe benefit costs is now better off by $1,700 a year after tax.
UNDERSTANDING BUSINESS RISKS
We can help you with your business risks assessment and suggest appropriate insurance professionals for you to talk to where insurances need to be reviewed. This exercise can help you reduce risk, possibly save you some cost and might even save your business!
Example: A client had insufficient insurance cover in place. We brought in our personal insurances expert and cost effective policies are now in place – creating not only peace of mind but a business continuity plan as well
We are always happy to talk to businesses and landlords about how we can help them.
You can contact us via email, phone or using the online form.
As the Director of an Integrated Healthcare Practice with a number of clinics across the wider Auckland region, I would like to say just how priceless John and his team at JPCA have been for our company!
We are so thankful for their help and it’s a pleasure to recommend them to everyone we know.
Dean Rhodes, Bodyzone Physiotherapy
I’ve been using John's team now for 9 months as a new business owner and they have been great! Very helpful and understanding. I would like to say a special thanks to Himisha who has been exceptional - Thank you!
Adam Ludlam, Hydroheat
John Packham C.A. are a great bunch to work with. Very commendable, timely, and helpful.
Outstanding service and the correct advice from a Great Team. Could not be happier. Thanks.
We have used John’s services for more than 10 years for both personal and business accounting. He has always given friendly and professional service and shows an interest in all aspects of our business. His staff are a delight to work with and handle our accounting queries efficiently. We would have no hesitation in recommending John’s accounting services.
Jeanne & Bob Hulme, Prescott Engineering Ltd
From a letter received by our lawyers:
Thank you very much for recommending John Packham to me. He is the most responsive and professional small businessman I can ever remember coming across. His service, fees and advice have been exemplary.
Client of David Gibbs
John Packham and his team are extremely professional people to deal with. We have been with them for over 4 years and they provide an exceptional service, 100% good communication and an outstanding support in the professional business.
They are a top team which we highly recommend.
Aura & John Suciu
John Packham Chartered Accountants have an awesome team that have helped us greatly with our new business.
John's an incredibly passionate and benevolent guy - worth the time to talk to if you need help with accounting or any other need - he can point you in the right direction.
Ben Male, Team Empathy
John and his team are knowledgeable, efficient and highly competent. Highly recommend!
Amy McHarg, Nandish Chiropractic
John Packham Chartered Accountants are great to deal with. I highly recommend them as true professionals.