Modern business demands up-to-date, accurate financial information. We can relieve you and your staff of the enormous burden of all your bookkeeping and accounting requirements, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal, planning purposes, and more.
We will discuss your requirements with you and provide information relevant to your particular situation, as well as constructive advice, on a regular basis.
A good budget is a necessity for a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.
The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business.
In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require forecasts as a prerequisite for funding approval. Cash flow forecasting is a vital part of ensuring your business will always have the cash it needs, because profits don't pay bills - Cash does.
There are several types of budgets. We can help you design the right budget for your requirements. Let us show you how a budget and a cash flow forecast can provide feedback that enables you to prepare for the future of your business!
If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects, we can help you:
Decide on the most suitable structure for your business - Sole trader, partnership, or limited company
Prepare a business plan, cash flow projections, budgets, and trading forecasts
Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
Establish a good working relationship with your bank
Complete any registration procedures with Companies House, Inland Revenue, or Customs and Excise
Deal with company secretarial issues
Set up a recording system for your internal use and for complying with statutory requirements
Let us help you turn your business idea into a reality!
Cash Flow Forecasting
Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it.
We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:
Realise and understand when cash is available
Plan and prepare for expansion, stock control, and taxes
Analyse and anticipate key expenses
Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.
Financial and Investment Planning
Financial planning involves developing comprehensive, effective strategies to strengthen your financial security and ensure your financial goals can be met. These strategies provide a separate source of income to your business or employment income.
Our qualified, experienced team can discuss your financial options with you and provide a three-stage service in financial planning that includes:
Initial financial advice
Implementation of a financial plan
Ongoing investment portfolio management
A variety of investment options are available, including corporate bonds, term deposits, local body and Government stock, New Zealand and overseas shares, managed investment funds, and more.
Don't take unnecessary risks with your future - Allow the professionals at Philpott & Associates to guide you towards achieving your financial goals!
A wide range of financing options exist, each with their pros and cons. At Philpott & Associates we know the financial market and have the experience to assist you in securing the best financing option for your personal and business goals. Our experience in the market means we can also structure debt upon acquisition to maximise tax advantages.
Let our experienced team explore the best financing options with you an get your business closer to its goals!
Administering your payroll can be time-consuming and divert you from your core business activities. Added to this, payroll and employment legislation are growing increasingly complex.
We can relieve you of this burden by providing a comprehensive, confidential payroll service that includes:
Administration of PAYE, statutory sick pay, and annual leave
IR-filing to the IRD
Summaries and analyses of staff costs
Administration of incentive schemes, bonuses, and termination payments
Even if you only have a few employees, you will save by engaging us to administer your payroll.
Let us help you make the right choice of accounting software. A decent accounting system will help you keep track of your cash flow and let you complete GST returns easily.
Choosing the right system for your business can be difficult. After all, there are over sixty accounting packages available in New Zealand. Here at Philpott & Associates we invest considerable resources into ongoing staff training to ensure we can recommend the best accounting solution for your business.