Latest News 

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.

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. 

The way ACC are invoicing self-employed and/or contractors for ACC Coverplus has changed from 1 April 2019. 

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. 

A number of KiwiSaver changes are taking place in the 2019 year.

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.

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.