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Featured Client - Antanas Procuta Architects Ltd

Antanas Procuta Architects has been providing unique, personalised architectural and urban design solutions in the Waikato and around New Zealand for nearly twenty years. Started in Cambridge by registered architect Antanas Procuta, the company has a strong sustainability ethos, and focus on creative, innovative residential and commercial buildings designed to last. Now based in Hamilton, the team’s experience ranges from character home alterations, to rural lifestyle and coastal holid...

Minimum Wage heads up

After the government increased the minimum wage rates earlier this year, it made a further amendment to the Minimum Wage Order, issuing a new fortnightly rate. The fortnightly rate is $1,140 for adult employees and $912 for starting-out workers and trainees. If you’re an employer already fully compliant with minimum wage requirements and your employees’ hours don’t vary from week to week, stop reading here. For you, nothing has changed. Some farmers have had difficulties with minimum ...

For Your Office

The Accident Compensation Corporation (ACC) provides comprehensive, no-fault personal injury cover for all New Zealand residents and visitors to New Zealand. Here is a summary of rules that apply in relation to the ACC scheme covering employee entitlements and employer obligations: When an employee is taking leave for the first week of a NON-WORK accident, SICK LEAVE may be used If an employee has a WORK-RELATED accident, the employer has to pay ‘FIRST WEEK COMPENSATION’ for a WORK...

In the industry

By Geoff Hurst CAFrom the 1st of April this year the reporting requirements for companies under the Financial Reporting Act has changed, due to a law change designed with the aim of reducing compliance costs for many of New Zealand’s Small and Medium enterprises. Very small companies (companies who have both income and expenses under $30k), will not have any requirement to produce financial reports. The main impact of the law change is for “non-large” companies who have a turnover of ...

FONTERRA REVISES 2014/15 FORECAST MILK PRICE AND DIVIDEND

Fonterra Co-operative Group Limited recently reduced its forecast Farmgate Milk Price for the 2014/15 season from $6.00 to $5.30 per kgMS, and increased and widened the estimated dividend range from 20-25 cents per share to 25-35 cents – amounting to a forecast Cash Payout of $5.55-$5.65 for the current season. Chairman John Wilson said the lower forecast Farmgate Milk Price reflected continuing volatility, with the GlobalDairyTrade price index declining 6 per cent in the past two trading...

In the office - Team Update

Anne Bland will be away from the office from  Monday 13th October, returning  Tuesday 4th November. In her absence, Carolyn Lawrence will be covering payrolls and Anne will be communicating this directly with her payroll clients....

Accounted4 Seminars

Accounted4 in association with iPayroll recently ran a great seminar on this software solution that integrates nicely with Xero.  “Making Payroll Processing  a Breeze” was the topic for this informative seminar. It was an great opportunity to gain up-to-date information  about this new Payroll Service that could help save your business time and money. This seminar followed on from recent  seminars with other Xero add-ons;  Vend and GeoOp.If you have any sug...

Complimentary Seminar: Working with iPayroll

Accounted4, in association with iPayroll presents a great seminar integrating Xero – the world’s easiest accounting software.“Working with iPayroll – Making Payroll Processing a Breeze” When: Wednesday 24th September,  5:30pm – 7:00pm   Venue: No1 Motels, 89 Victoria Street, Cambridge   Cost: ComplimentaryiPayroll® is the Internet Payroll Service for New Zealand that keeps your records, does your banking and pays your staff, PAYE and KiwiSaver...

Finalist for Employee of the Year

There were four finalists for  Cambridge Employee of the Year. Our very own Anne Bland; Accounted4, Jessica Suisted; Community Youth Work, RSCC Inc, Jesse Duggan;  Queen Vic Chippy and Pieta Ward from Gourmet Delicious. The Employee of the Year award is a great opportunity for employers to recognise the efforts of their employees. The winner announced on the night was Pieta Ward from Gourmet Delicious.   We would like to congratulate Anne on becoming a finalist. Anne...

Waipa Networks Business Awards

The Waipa Networks Business Awards were held on Friday 1st August and it was an exciting and rewarding night for the Accounted4 Team.  We were all dressed to impress with our formal attire and designer hairstyles (even Martyn!) The first highlight of the evening was being announced the winner of the Cambridge CUSTOMER SERVICE AWARD.  It absolutely blew us away as the other finalists (Olde Creamery, Cambridge i-site, Rouge Café and Gourmet Delicious) were all so deserving as well....

In The Office

Team Update: John Boone on Leave John Boone will be away from the office from Thursday 7th August, returning Tuesday 9th September. In his absence please direct all enquires to Maree Craig Extn 825 or email maree.c@accounted4.co.nz Notice Watch out for Client  Feedback Survey Forms – coming soon to your inbox!Help… who should I talk to? Directors John Landers, Grant Calvert, Martyn Steffert, David Faville   Consultants Richard (Ritchie) Edge, John Boone&n...

In the Industry

Every year we have a few instances where a client (usually a child of parents that we act for) links to one of the many internet-based tax agents to get a promised tax refund.  These tax agents include “taxrefunds.co.nz”, “mytax.co.nz” and “Woohoo (nztaxrefunds)”. Careful consideration is required before you sign up to these agents and we encourage you to make your child aware of the points below! It is easy to see how they attract clients with their flashy websites and big...

For Your Diary

August 28 1st instalment of 2015 Provisional tax if you pay three times a year (March balance dates)September 29 2nd instalment 2015 Provisional tax (December balance dates) October 28 1st instalment of 2015 Provisional tax for those who pay GST twice a year November 28 1st instalment of 2015 Provisional tax (June balance dates)...

For Your Office

A Quick Overview of KiwiSaver for Business OwnersAll new employees should be automatically enrolled for KiwiSaver if they are: aged 18 or older, and under the age of 65 living, or normally living, in NZ entitled to stay in NZ indefinitely (among others, this includes NZ and Australian passports holders and those with residence visas) an Australian or NZ citizen living in NZ. An employee is not eligible to join KiwiSaver if they: hold a temporary entry class visa have a limit...

Important IRD information

IRD up in arms about ‘donations’ IRD is getting upset about “donations” which are really in the nature of fees for services.  In Revenue Alert 14/01 it lists the criteria for a donation. When you analyse the list it amounts to: The gift is made voluntarily Nothing is received back in return for the gift either by the giver or anyone associated The charity doesn’t have to give anything away in return for receiving the gift. The department is investigating arrang...

Featured Client - RimuHosting

"Cambridge is a great place to launch an international business," enthuses Peter Bryant, founder of RimuHosting a Cambridge-based Internet hosting services company. From their offices overlooking downtown Cambridge the RimuHosting sysadmins manage servers in data centers dotted around the globe.  The business was founded a decade ago and grew swiftly as more and more businesses started using RimuHosting-provided servers to launch their startup ideas or to provide a web presence...

Featured Partner - Cashmanager Rural

CRS Software Ltd has been developing farm management software for farmers since 1981. Its flagship product is Cashmanager RURAL - financial software that helps farmers plan. It is much more than just GST or accounting software and is used enthusiastically by thousands of farmers and rural professionals because of its unique ability to help with farm management. Cashmanager RURAL helps farmers plan farming activities, see the financial implications and then monitor results, without losing si...

Business Advisory team update: Plan For Success by Jon Broadley

As we head towards spring – a time of new growth and opportunity, it is timely to assess how we are performing as a ‘business’. By now you should have a reasonable feel how the business fared over the past financial year so are there particular areas that you should be planning on improving to enhance your overall business performance?It has been said that "If we are failing to plan are we planning to fail?" The Spring business resolution should be that we must take more control of th...

Use email signature as a marketing tool

An email signature can be a useful marketing tool. A signature can automatically go on the end of every email you send. It should at the very least include your contact details, company name and your designation (i.e. sales manager). It can also include the company logo and, if relevant, your website and social media addresses (Facebook, Twitter, LinkedIn).However, you can use the signature to market yourself, your company and or a product/service by adding special offers (make sure you ...

Free seminars to keep your business connected

Accounted4, in association with Link Solutions and Rocketspark, present two great seminars integrating Xero – the world’s easiest accounting software.   1. “Working with Vend - Point of Sale software retailers love to use”  Wednesday 30th July,  5:30pm – 7:00pm    Do you have a Retail business and use point-of-sale software? Would you like to reward repeat business with a built-in loyalty programme?Would you like to track your inventory in...

We are finalists!

We are very excited here in the office at the moment.  We are a finalist in three categories for the  2014 Waipa Networks Business Awards:Cambridge Customer Service Award, Cambridge Employee of the Year – Anne Bland, Excellence in  Large Business Fingers and toes are crossed for the announcement of the winners at the awards gala evening on the 1st August....

DairyNZ Best practice employment guidance for farm employers

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Important Changes in Payment Services to IRD

Customers will no longer be able to make cheque payments or drop off returns or forms at any Westpac bank. Any cheque payments, returns and forms will need to be posted directly to Inland Revenue. Customers can continue to make cash and eftpos payments at Westpac branches.  Online banking, credit and debit cards and international money transfers are also accepted payment methods. Payments posted to Inland Revenue need to be received by Inland Revenue on or before the due date to a...

In the office

David Faville was appointed a director at Accounted4 on April 1, 2014 – a year to the day after being made an Associate at the firm he joined as a senior accounting manager in 2011. Born in Wellington and raised in Cambridge, David did his early schooling in this area and completed his secondary schooling at Hamilton Boys’ High. He later did a Bachelor of Management Studies degree at Waikato University, majoring in finance and economics, graduating with 1st class honours. He then spen...

For your diary

June 28 1st Instalment  Provisional Tax (March balance date - ratio option) GST due for May 2014 July 7 Due date for income tax returns July 28 GST due for June 2014 August 28 1st Instalment   Provisional Tax (March balance date – standard and estimation option) GST due for July 2014...