Latest News 

Another busy year has gone and the holiday season is nearly upon us again. The team at Syers Hamilton Pool Ltd wish you and your family a happy and safe Christmas and a prosperous and healthy 2020. We look forward to seeing you all in the New Year and thank you for your continued support over the past year.

Our office will close at 1.30pm on Monday the 23rd of December. We will reopen in the New Year with a small team on Tuesday 7 January 2020. 

If you come under our extension of time arrangements with Inland Revenue, the final date for filing your 2019 tax returns is 31 March 2020. 

As many of you are aware, Chris had an operation in late November to remedy his headache problems.  He is recovering well and will be back on board in January.

A further friendly reminder. Many of you will have GST and/or Income Tax due for payment on 15 January 2020. 

So that you are aware, we have two boardrooms at our office which are available for clients to use for meetings if required. You may have a meeting that you either want to keep confidential, or hold away from your business premises, or you may simply not have the space needed at your premises. 

If you own residential rental property, the rules have changed from the 2019/20 tax year onwards, with regards to any losses made.

Rental losses (i.e. where your tax deductible rental expenses exceed your rental income) can no longer be off-set against other income such as business income, wages, interest and dividends.  Instead, rental losses will be carried forward to use against residential rental property profits in a future year.

Have you ever gone to enter a figure in Xero only to reach for a calculator to work out the amount first?  Did you know that Xero has an inbuilt calculator for basic calculations within transactions, invoices, bills and manual journals?

As we have previously mentioned, from 1 October 2018 we are required to comply with this Act.  The purpose of the Act is to detect and prevent Money Laundering and Terrorism Financing in New Zealand. It has been deemed that the services we offer may be attractive to those involved in criminal activities, especially as using us would provide a perception of legitimacy to these criminals.

Inland Revenue and ACC have indicated that from 1 March 2020 they will no longer accept payments by cheque, from customers who are able to use an alternative payment option. 

From 1 December 2019 the new “Amazon Tax” came into play, adding GST on to all purchases from overseas. Previously, most small value items bought from overseas were free of GST.

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).

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.

From 1 April 2019, people affected by domestic violence have new protections in the workplace. 

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.