Information Required for AML/CFT Purposes Shelley Yeates / Wednesday, July 31, 2019 380 Article rating: 5.0 From October 2018 Chartered Accountants are now required to undertake due diligence on all prospective, and existing clients. This is as a result of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Law). Read more
Team News Shelley Yeates / Wednesday, July 31, 2019 385 Article rating: 5.0 We welcome Chelsea Rivers who started working for us at the start of April as part of our accounting team. She is currently completing the last paper required for her Bachelor of Accounting. Read more
New Legal Protections for Employees Affected by Domestic Violence Shelley Yeates / Wednesday, July 31, 2019 84 Article rating: 5.0 From 1 April 2019, people affected by domestic violence have new protections in the workplace. Read more
Xero Users Tip - Quick Login Xero Users Tip - Quick Login Shelley Yeates / Wednesday, July 31, 2019 638 Article rating: 5.0 Here’s a tip to help speed up the process of logging in to Xero and to avoid having to enter both your username and your password. Read more
Anti-Money Laundering and Countering Financing of Terrorism Act Anti-Money Laundering and Countering Financing of Terrorism Act Shelley Yeates / Wednesday, July 31, 2019 88 Article rating: 3.0 As we mentioned in our December newsletter, we are now required by law to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act. As accountants we must obtain and verify information from prospective and existing clients about a range of things. Read more
ACC Cover Plus Self-Employed - Invoice Changes ACC Cover Plus Self-Employed - Invoice Changes Shelley Yeates / Wednesday, July 31, 2019 96 Article rating: 4.0 The way ACC are invoicing self-employed and/or contractors for ACC Coverplus has changed from 1 April 2019. Read more
Income from Portfolio Investment Entities (PIE’s) – Check your Prescribed Investor Rate (PIR) Income from Portfolio Investment Entities (PIE’s) – Check your Prescribed Investor Rate (PIR) Shelley Yeates / Wednesday, July 31, 2019 110 Article rating: 4.0 If you have investments in PIE’s (the most common one being a KiwiSaver account), you need to make sure the income is being taxed at the correct rate. For a New Zealand resident individual, the correct Prescribed Investor Rate (PIR) is based on your income for the last two years. Read more
KiwiSaver Changes KiwiSaver Changes Shelley Yeates / Wednesday, July 31, 2019 94 Article rating: 4.0 A number of KiwiSaver changes are taking place in the 2019 year. Read more
Bank Annual Residential Withholding Tax Certificate Bank Annual Residential Withholding Tax Certificate Shelley Yeates / Wednesday, July 31, 2019 91 Article rating: 4.0 We have noticed this year that a lot of banks are no longer mailing out annual resident withholding tax certificates, especially if you use internet banking. Read more
Tax Payments to Inland Revenue – Make Sure Details are Correct Tax Payments to Inland Revenue – Make Sure Details are Correct Shelley Yeates / Wednesday, July 31, 2019 78 Article rating: No rating Inland Revenue have announced that they are now going to automatically refund any tax payments made, within 24 hours of payment, if they cannot see any debt owing, or they do not know what tax account the payment should be going to. Read more