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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...

Livestock Herd Scheme 2014

Dairy Cattle Following the drop in values after the widespread 2012/2013 drought we have seen an increase in values once again in the 2014 National Average Market Values (Herd Scheme Values). Mixed age Friesian cows have increased by 4.8% to $1,963 and mixed age Jersey cows by 9.5% to $1,782. Following last year’s significant drop in rising one year heifers we have seen a modest increase this year - with Friesian R1  heifers increasing by 6.1% to $946.Beef Cattle Following...

For your office

Agricultural Industry - Minimum Wage and Employment Agreements   The ‘hot topic’ in the agricultural industry about the minimum wage and employment agreements is still a moving target however, the Ministry of Business, Innovation & Employment (MBIE) have released their Position Statement on the Minimum Wage and Employment Agreements in the Agricultural Industry. Of the 44 farms visited by the MBIE between December 2013 and April 2014, 31 were in breach of minimum employment rig...

Featured Client

Tucked round the corner in Duke Street, Cambridge, you will find Creative Jewellery and John Jardine hard at work at his bench. John has been a manufacturing jeweller/goldsmith for 44 years now, and specialises in his own designs, re-modelling and one-off handmade pieces. John is an onsite manufacturing jeweller/goldsmith and runs the store with his daughter Fiona, who has been his retail assistant for 9 years.   Creative Jewellery offers a range of specialised services includi...

Featured Partner

Rocketspark make beautifully simple websites.  They are based here in Cambridge, but have clients all over New Zealand and the UK.  With Rocketspark you can make your own website for no setup cost and a small monthly fee or if you'd rather get them to do it all for you, they have design & build options. Rocketspark redesigned the Accounted4 website for us and we are regularly getting feedback from new clients that the reason they chose us was the professional look of our website and ho...

Business Advisory team update

Anyone who has been hit hard by Inland Revenue (IRD) late  payment penalties and use of money interest (UOMI) for unpaid or underpaid tax knows how crippling this can be.  It’s the last thing you want to happen.  However, using tax pooling to settle income tax liabilities reduces  your exposure to late payment penalties and UOMI, meaning it is  cheaper than paying the money directly to IRD. Tax pooling allows you to purchase tax from someone who has  ov...

In the community

We pride ourselves on being involved in the community through participation in local events and having a focus on regular sponsorship of Cambridge community family and sporting organisations. For the third consecutive year, Accounted4 are proud sponsors of Cambridge Netball . We show our support  by hosting the naming rights to Court 3.  Several of our team are also involved with Cambridge Netball....

Scaling back to retirement

Forty-seven years after he joined the firm, chartered accountant John Boone is scaling back in the lead-up to retirement. Over the next three years, he will remain with the firm on a consultancy basis. John joined what was then Shannon Wrigley & Co. in 1967, becoming a partner in 1975. He worked full-time and completed the professional qualification through the Waikato Technical Institute in Hamilton, while crafting a career with a strong interest in Accounting for the rural sector and sm...

Christmas before we know it…

Like us here at accounted4 you will more than likely be asking yourself where did March, April,  and May go?! It sure has been a fast start to the year and we are really winding it up even more as we crank into the start of what are traditionally the busiest months of  the year for us  - June through to October. Now is the time to start thinking about collating your 2014 financial  information.   One of our team may contact you as a friendly reminder to bring t...

Working examples of calculations for farm employees

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Position Statement the Minimum Wage and Employment Agreements in the Agricultural Industry

Deductions from wages that employees have formally agreed to in exchange for the provision of accommodation or other goods or services by their employer can be included for the purposes of assessing compliance with the Minimum Wage Act 1983.Background Many employees in the agricultural industry are offered accommodation and other goods and services as part of their employment. This statement sets out the Labour Inspectorate’s position on how the provision of accommodation and other goods and s...

MINISTRY OF BUSINESS INNOVATION & EMPLOYMENT – Minimum Wage Order changes

The Minimum Wage Order is changing to include a fortnightly minimum wage rate. The new Order will take effect from 26 June 2014, and aims to ensure workers have stable employment and employers face fair costs when it comes to minimum wage payments. How will this change affect employers and employees? Most employers and employees will be unaffected by the new Order. It affects primarily minimum wage earners who are paid salaries. Employers: If you pay your employees either by piecework, or b...

Budget 2014 - Tax Implications

The National Government released its sixth budget on 15 May 2014, with much of the pre-release hype relating to the expectation the country’s books would finally be returning to a surplus. The Government indeed announced a budgeted surplus of $372 million for the 2014/2015 year, which they consider will be achieved thanks to improved economic conditions (cheers Farmers!), and tight fiscal management with Government expenditure forecast to be 30.3% of GDP in 2014, dropping from 34.3% of GDP in ...

Important Changes in Payment Services to Inland Revenue from 1 October 2014

 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 dat...

Student loan deductions for full-time employees

Tertiary students with a student loan will be required to repay their student loan at a rate of 12% of their total gross earnings above the $367 per week threshold. If a student earns under this amount, then no student loan deductions are required in that weekly period.   During the longer school holidays where a tertiary student is working full-time and earning over $367 gross, if they are still registered as a full-time tertiary student they can apply for a ‘Student loan repaymen...

Tax credits for school children

Tax credits for children The tax credit for children was repealed from 1 April 2012 and the entitlement to claim it was withdrawn in May 2012. The tax credit had covered the tax on the first $2,340 of income.   What this means for employers -  From 1 April 2013, employers must deduct PAYE from salary/wages  from all school children -  For those school children who are existing members of KiwiSaver, employee contributions will need to be deducted at 3%. No employer cont...