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New Provisional Tax Method available from April 2018

The Accounting Income Method (AIM) is a new provisional tax option available from April 2018. The details on how AIM will work are now complete. Here is a quick summary of the key points of AIM. How AIM will work: You may be able to use AIM if your turnover is under $5 million per year and you use approved accounting software. Some types of businesses can't use AIM. AIM software will work out your provisional tax based on your income and adjustments. You will pay your provisional tax every ...

October 17, 2017

XEROCON 2017

Recently five of our A4 team attended XERO's conference 'XEROCON' in Melbourne for XERO cloud accounting partners in Australia, New Zealand and Asia. This at times 'show stopping' conference was held at the Melbourne Convention  and Exhibition Centre, which was plenty big enough to accommodate the 3068 attendees.Over two days our team were treated to enlightening speakers, demonstrations and exhibitors on topics such as; 'What's new in XERO', 'Millennials — how to engage them',  ...

October 9, 2017

Daffodil Day Auction

Daffodil Day was on Friday 25th August and this year our Social Club organised an auction for our team.  Everyone brought an item to be auctioned at morning tea. Anything was able to be auctioned and we had an array of items ranging from haircuts, books, cakes to prized possessions that people had to buy back. After some great to'ing and fro'ing and some fierce bidding wars, all items were won and we raised $1003 in total with all proceeds going to Daffodil Day 2017 ....

October 9, 2017

2017 A4 Seminars

We recently held a fantastic seminar on Xero Payroll. Thank you to all those that attended. As the year draws to a close we have two final seminars in our 2017 events calendar; •October 17th 5.30pm - 7pmTax Traders - Tax Pooling and DepositsRob Borland will explain how you can use tax pooling to your benefit. •November 23rd, 10.30am - 12pmFigured SoftwareFigured is a complete online livestock, crop and production tracking, farm budgeting and forecasting tool that works hand in hand with Xero...

October 9, 2017

In the Office

We would like to welcome Genevra back to the A4 team. Some of you may recognise Genevra as a previous team member. Genevra and her family are moving back to the Waikato from Alexandra where they moved 2 years ago. Genevra will be re-joining Grant Calvert's team....

October 9, 2017

In the Community

A kiwi couple, Dan and Ange Cornelius, have taken in and are raising nine Thai hill tribe kids from abused and neglected backgrounds to give them a hope and a future. A team from Cambridge visited the family in July 2017 and will visit them again in July 2018 to help however possible. Dr Peter Tribe and Katherine Tozer are part of that team and have written the books ‘Tales from the Back Country’. A 92 Page coffee table book filled with images of NZs stunning scenery, and interspersed with s...

October 9, 2017

Featured Client

Wilkinson Transport Engineers is an engineering company based in Cambridge, established by the late Jim Wilkinson in 1968. The company has since grown and are now employing eighteen people who are mainly fitter welders, fitter turners, apprentices and design engineers. Wilkinson Transport Engineers has undertaken countless design and modification work over the years for many companies all over New Zealand. Today they mainly design and modify new trucks for specialised applications such as Dual C...

October 6, 2017

Featured Partner

People in Mind Limited are a little different from most HR companies. They've studied "people". Employee behaviour is their specialty. The team at People in Mind have all owned or still own a business and that makes a difference to the way they approach client needs. When you combine these with their experience and knowledge in employment practices, you have yourself a very strong employer advocate. Employing people comes with challenges from the initial recruitment phase, through the induction...

October 6, 2017

Tax Traders Seminar - 17th October

Estimating provisional tax perfectly can be hard. What’s more, over or underpaying costs you money. But it doesn’t have to be this way. IRD allows the use of tax pooling to reduce the burden of the provisional tax regime for taxpayers. Essentially taxpayers trade their payments with each other and everyone wins – taxpayers reduce their interest costs or increase their return – and IRD gets their tax paid simply. Rob Borland from Tax Traders will present to us on how you can use tax pooli...

October 6, 2017

Payroll Team Update

IRD PROPOSALS Payday filing of PAYE informationEmployers currently report PAYE information about their employees to Inland Revenue on a monthly basis regardless of how frequently they pay their staff. Inland Revenue’s systems and processes are being redeveloped to take advantage of modern digital technology. Under the proposed changes, the PAYE information filing process will be integrated into the payroll software that many employers use to pay employees. Employers would then file their PAYE ...

October 6, 2017

Accounts Team Update

If you receive income, you must pay tax. So if you have rental income, you have to pay tax on it, right? Maybe, maybe not – if you get rent from boarders or homestays. Boarders and HomestaysWhen you get income from boarders or homestays, your tax position depends on how many boarders you have, and how much you can charge, compared with the IRD’s standard-cost method. In other words:...

October 6, 2017

In the Industry

Parliamentary plastic surgery is in store for the Trustee Act, to make trust law easier to access and understand. On 1 August, Justice Minister Amy Adams introduced the Trusts Bill to Parliament. This will be the first significant change since the introduction of the Trustee Act 1956. The old Act has been viewed as being narrow in scope, with trust administration being complicated and expensive. Most trusts, like family trusts, business trusts and protective trusts, are set up with a trust deed ...

October 6, 2017

Want to be respected at Work? Ditch the emojis

as seen on newshub.co.nz  - 20 August 2017 Keep emojis out of work emails if you want to appear competent, a new study has found. A personality science study has found using emoticons in work-related emails makes you look inept.In the study, participants read emails with and without emoticons and were asked for their opinion of the sender. The unanimous conclusion? Leave emojis out of formal emails. One of the study's authors, Ella Glikson, said it was widely thought using emojis was a...

September 26, 2017

Tools of Trade

Tools of trade are tools, equipment, devices and machinery that would usually be used in the normal course of a person's profession, trade or occupation. Necessary tools of trade are exempt from the claims of creditors, up to a specific value, under the Insolvency Act 2006. Providing Tools of Trade In some industries it is common practice for employees to provide all or some of their own tools of trade, for example, building or plumbing tools, haircutting scissors.It should be agreed by the empl...

September 12, 2017

Business Health Check

Are you records for rental income and expenses together for us to do your tax? One way of doing that is to get your hands on a good Rental Questionnaire template. Contact us if you would like one. Some rental situations can be complex, so talk to us if you are unsure.If you're not on top of insulation requirements for any rental property, make a note to get it done. In fact, with the weather improving, the workload for insulation contractors may be dropping, and that may get you a better deal.Th...

September 5, 2017

Xero Payroll Training

Our payroll team can help you with all your payroll needs - including Xero Payroll. The great thing with Xero is that you can manage your own training in the comfort of your own home, especially if you are interested in learning some more about Xero Payroll and its processes. Check out the link to watch a series of helpful videos that will encourage and aid you in your Xero Payroll journey.  https://www.xero.com/nz/traini... Keep an eye out for our upcoming Xero Payroll Seminar, September 2...

August 28, 2017

Several ways Taxpayers can get caught out

Taxpayers who earn income from various sources may get caught short if they don’t plan ahead. This could come about in various ways: AirbnbOverseas investmentShares in an overseas company Airbnb income If you rent rooms or homes through Airbnb, you may not realise that the IRD considers you to be a landlord. Your rental income must be included in a tax return. If you’re unsure of your tax obligations please consider seeking professional advice. Overseas rental property You must declare any r...

August 23, 2017

Sincere condolences to the Wrigley Family

The Directors and the Accounted4 Team would like to express our sincere condolences to the Wrigley Family at the sad loss of Graham who passed away on the 13th July 2017. Grant Calvert had the pleasure of working with Graham Wrigley and shares this memory: ...

August 7, 2017

2017 Accounted4 Seminars

We recently have held some fantastic seminars and we thank all those who attended for coming along. We trust you left feeling inspired. Our recent seminars were; ‘5 Keys to business success’ in association with ASB and Laurie Sharp as the speaker, and ‘Twenty Good Summers’ presented by Martin Hawes in association with Forsyth Barr. Keep an eye out for more information on these upcoming seminars: •September 28thXero Payroll •October 17thTax Traders – Tax Pooling and Deposits •Nove...

August 7, 2017

In the Office - Our Team

We welcome Craig who joined us recently from Te Awamutu and is a fulltime Accounting Analyst / Client Manager. Craig is in David Faville’s team and is mentored by Geoff Hurst....

August 7, 2017

In the Community

We enter a team in the Tuesday night Quiz's held at Good Union – our team ‘Kick Assets’ have been testing their knowledge! They have come away with a win and a couple of third places – Well done!!...

August 7, 2017

Featured Client

Turner Road Architecture is an award-winning architectural practice based in Cambridge. They’re an established team who match long-standing practical experience with a passion for stunning, unique architecture. Their dedication to making sure their clients’ design aspirations are met, is something they take very seriously. Turner Road Architecture have earned a reputation for creativity and exceptional attention to detail in all areas of architecture - from residential new homes and renovati...

August 7, 2017

Featured Partner

At Accounted4 we work very closely with Cambridge based website software company Rocketspark.We've recently done a redesign of our website so check out the new look here: www.accounted4.co.nz We find Rocketspark great as the system they have built makes editing the website super easy and means that the Accounted4 team can keep the website up to date really simply. If you are needing a new website for your business, we would highly recommend Rocketspark and you can even build the w...

August 7, 2017

Sorted Money Week

Sorted Money week is a nationwide week of events that motivate New Zealanders to look at their financial situation and get their money into the best shape possible. Money Week is led by the Commission for Financial Capability and powered by Sorted.org.nz Sorted Money Week is asking the big questions this year: “What does debt do for you” •“It gets me by.” •“It stresses me out.” •“It gives me possibilities.” Check out the website to access calculators, budgeting tools and...

August 7, 2017

Payroll Team Update

Contractor versus employee Employees and contractors have different rights and responsibilities, and it is really important as anemployer that you know the difference.Definition of an employee: An employee is employed to do work for hire or reward under a ‘Contract of Service’ (employment agreement), paid a wage or salary, and has minimum employment rights under various employment laws. Employers are required to keep records such as their employmentagreement, wage, time, holidays and leave r...

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