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Minimum Sick Leave entitlements increasing to 10 days from 24 July 2021

From 24 July 2021, minimum sick leave entitlements will increase from 5 days to 10 days per year. Employees will get the extra five days when they reach their next entitlement date – either after reaching 6 months’ employment or on their sick leave entitlement anniversary (12 months after they were last entitled to sick leave). The maximum amount of unused sick leave that an employee can be entitled to will remain at 20 days.Employees who already get 10 or more sick days a year will not be a...

Avoid harm on the farm

Been thinking about crush protection devices for your quad bikes but the cost is putting you off? ACC and WorkSafe can help ease the financial strain. If you’re self-employed or own a small-to-medium-sized farming business, you could be eligible for a cash back offer.  Each year, quad bikes are a major cause of death and serious injury in New Zealand - but installing crush protection devices could help lessen the impact. Log in to MyACC for Business online to find out if you’re eligible...

Triaging a Tricky HR Situation

Blog written by LesleyAnn Thomas from People in Mind Ltd There’s never a dull moment in HR. Although most moments are good, there are times when things are definitely not. Unfortunately the rule book for dealing with tricky HR situations hasn’t been written (yet), so if you find yourself struggling with an employee problem and wondering what to do, think about applying the emergency medicine principle of 'triage' to assess the scale and urgency of the problem and how to deal with it.&nb...

Xero's Multi Factor Authentication

As of the 1st June 2021 Xero's Multi-Factor Authentication (MFA)  will be mandatory for the majority of Xero users.  Hacking, phishing or other cyber attacks are frightening and can jeopardise a business if someone gains access. The good news is that many data breaches can be prevented with simple actions, such as using multi-factor authentication (MFA). This year, all Xero users will need to set up and use MFA to log in to Xero – it puts an extra bolt on the door to keep your data s...

Payroll Update: Attention Farming Employers

ATTENTION: Farming Employers Are my Employment Agreements up to date for all employees?https://www.dairynz.co.nz/people/recruitment-and-onboarding/employment-agreements/https://www.fedfarm.org.nz/FFPublic/Store/StoreLayouts/Store_Home.aspxAre my New Employee forms current?   - Tax Deduction (IR330) https://www.ird.govt.nz/-/media/project/ir/home/documents/forms-and-guides/ir300---ir399/ir330/ir330-2021.pdf?modified=20210322201441- KiwiSaver (KS2) https://www.ird.govt.nz/-/media/proj...

Featured Client - Treadlite NZ Ltd

Good for your horse and great for the planet! Treadlite NZ offer a premium, sustainable equestrian arena mix that is proudly made right here in New Zealand from recycled rubber. Treadlite use end of life tyres, which would otherwise be disposed of in landfill or illegally dumped or burned. These tyres go through a triple-treated refinery process to produce a material designed for horse arenas that is 99.9% metal free. To develop this product, Treadlite has worked alongside professional equestria...

Featured Partner - iPayroll

The payroll solution for successful businesses – special offer from Accounted4 Editorial provided by iPayroll NZ It is important to use a trusted, proven system that suits your business needs and makes life easier. iPayroll is a proven cloud-based payroll solution developed in New Zealand, for New Zealand businesses of all sizes. iPayroll provide an easy-to-use, feature-rich payroll solution so you can focus on your business. Suitable for a small business with a few employees, a group of busin...

Get to Know: Sara Hall

In February 2021 Sara joined Accounted4 and became a part of David Faville's accounting team. In 2020 she graduated from Waikato University where she completed her Bachelor of Business. Sara completed an internship at Dairy NZ over the summer of 2019/2020 and has experience in farming communities. Her aim for the near future is to commence study towards her CA. Growing up in the rural north Waikato town of Te Kauwhata, Sara values time with friends and family. When outside of work you will catch...

Counting your Livestock

Attention Farmers with Livestock! The 1st of June is fast approaching and we will be asking you to send us your farming records sometime in the following 10 months. Rather than waiting until we request your records and trying to remember your livestock numbers as at 31 May, why not count early! The more you can do for us prior to annual accounts, the faster and easier our job is and the less questions we will have to hassle you with. What we will need from you is: Livestock on hand, of all class...

A4 In the Community

On the 26th May our Business Manager Chris Stevenson will be a proud panelist for the upcoming Cambridge Business Chamber Event  - Waste Minimisation Workshop hosted by Nicola Turner from Mainstream Green. As the Waipa's Waste Minimisation champions we are eager to help like minded people and businesses in our community and share our story on how reducing waste can have an extremely positive and successful impact on your business and even the homes of your colleagues.  If you would lik...

Office Updates

As at 1 April 2021 we congratulated Grant, Kim and Jamie on their new roles in the Company.  If you haven't heard already, Grant is officially on his path to retirement and is now a Consultant, however you will still catch him in the office for the next few years as he scales back. Jamie has stepped into the role of Associate and Kim is our newest and first female Director who will keep us all in line!...

In The A4 Office

On the 20th April our Director David Faville celebrated his 10 year anniversary at A4. We made him feel extra special by having a morning tea with his favourite custard squares! We are so lucky to have him as a role model and as part of the team....

Our Remarkable Woman

Kim - Our Remarkable Woman Kim has been part of our A4 family for 16 years and has recently been appointed the first female Director at Accounted4 alongside Martyn and David. Describing herself as a friendly, approachable, trustworthy and professional businesswoman, she is a key asset to the firm and an irreplaceable colleague who loves to have a good chat at any opportunity she can get. Her love for farming and numbers really shines through in her work with clients from farming backgrounds al...

Planning to open your business over ANZAC weekend?

Regardless of Covid-19 Alert levels, there are some essential rules that apply over on ANZAC day that affect employer obligations to their employees and the ability of shops to trade. When does Anzac Day fall this year? ANZAC Day – Sunday 25 April What are employee rights for working the upcoming public holidays? Employees don’t have to agree to work on Anzac Day, unless these conditions are met: these are days that the employee would have normally worked, and their employment contract says ...

How good is your after-sales service?

When someone has just bought from you, that’s a golden opportunity to start building a customer relationship. Take advantage of being top-of-mind and see where it can take you – and ensure you’re offering the best after-sales service to this brand-new customer.Thanking someone for a purchase is usually the start of a cadence of aftersales interactions, all of which serve to make contact with the customer, check in on their customer satisfaction levels and see if there is anything else...

The Holidays Act 2003 — reduce your risk of non-compliance

Now is an ideal time to review and ensure your payroll systems and processes are up to date and reduce your risk of non-compliance with the Holidays Act 2003 (The Act).  Employment New Zealand has free resources to help you comply with the Act. Common issues for businesses include: Strategic issues • Some sectors have systemic failure to comply with the Holiday Act and this is not acceptable.• Some employers have an incorrect ‘set and forget’ mentality to their payroll systems.â€...

What does the new top tax rate mean for you?

On April 1, we move into a new financial year for most Kiwi businesses – and the new top personal tax rate comes into effect. For individuals earning over $180,000, that top chunk of income will now be taxed at 39% instead of 33%.This will only affect you if you personally earn more than $180,000 each year. It won’t make a difference if your household earns more than $180,000, but you and your partner each make less than that threshold.If you do earn over $180,000, it’s also important to n...

Get to know: Ben Calvert

Ben grew up and went to primary school in Cambridge before attending Hamilton Boys High School. He returned after 4 Years in Palmerston North at Massey University to join the Accounted4 team with a Bachelor of Business Studies degree majoring in Accounting and Finance. In December 2019 Ben finished studying towards his Chartered Accountancy Qualification.   Outside of work Ben loves spending time with friends and family, playing sports mainly squash, cricket and golf, and having a go at any...

Xero Tip: Over Payments

What to do when your client overpays an invoice and how to apply it to the next invoice....

Accounting 101: Cloud-based Vs Desktop Accounting Software

The world of technology is rapidly changing, and this includes accounting software. More and more businesses and accountants are moving away from desktop software to cloud-based systems. What is the cloud? The cloud is essentially a remote server that securely stores your data, enabling you to access this data and software online, anytime, anywhere, from any device. In a desktop application, your computer's hard drive is the central location of your data. Banklink is an example of a desktop sof...

Important employer tips for 1st April changes!

Minimum Wage IncreaseOn 1 April 2021 the minimum wage will increase to $20 per hour. This rate applies to all employees 16 years and over. The starting-out and training hourly minimum wage rates will increase to $16 per hour, remaining at 80% of the adult minimum wage.Refer here for more information. Salaried employees – check for Minimum Wage requirementsIf you have salaried employees, you need to make sure that their total remuneration meets minimum wage requirements for each individual pay ...

In the Office

We would like to welcome Sara Hall into our Accounting Team. Sara is a new graduate and is part of David Faville's team. She is bubbly and is always up for a conversation so make sure to say hi if you see her around the office! ...

Featured Partner - Cloudland

Thanks Accounted4 for choosing Cloudland as this month's featured partner! We love working with the team at Accounted4 as their trusted technology partner and look after a number of other businesses across the Waipa and Waikato regions. At Cloudland we make your business technology easy, enjoyable, secure and affordable.  Our sole purpose is to deliver extreme value to our clients through the ultimate technology workspace, backed by the best support team around. Why Cloudland?It’s a smart...

Featured Client - Elephant Ollie

The Elephant Ollie store located in the heart of Cambridge features premium-quality handcrafted products, specially-sourced from New Zealand and around the world.  We cater for children aged from newborn up to 10 years of age in toys, clothing and accessories.  At our core is our own range of products for babies, children and adults, made right here in the Waikato using materials sourced exclusively from other NZ businesses.  As a Buy NZ Made-affiliated brand, we endeavour to prom...

6 things you should know before filing your EOY tax - post COVID-19

Make sure you consider the business support and tax relief measures introduced because of COVID-19 so you can sail as smoothly as possible into the new financial year.There are some things you may not be used to thinking about when you prep for end of tax year:New rules to keep cash flowing - If money is a bit tight as the financial year draws to a close, here are four tax measures focused on providing and enabling cashflow that you might like to consider:- The tax loss carry-back rule, whi...