Monthly Archives: February 2014

How To Reduce Your ACC Costs Or ACC Premiums

Most self-employed Kiwis think their own ACC costs are too high and that the ACC premiums are just another tax - and in many ways they are correct. The Accident Compensation Corporation (ACC) provides comprehensive, no-fault personal injury cover for all New Zealand residents and also to visitors to New Zealand, and acts in a

2014-02-27T12:36:43+00:00 February 27th, 2014|ACC and Kiwisaver|

Introducing Capital Gains Tax Into New Zealand

UHY Haines Norton Managing Director Grant Brownlee considers the implications of a Labour government introducing Capital Gains Tax. We recently asked Labour’s Phil Twyford, MP for Te Atatu, whether Labour would introduce a Capital Gains Tax (CGT) if they are elected.  Phil indicated a CGT would be introduced within the first 100 days of their

2014-02-27T10:43:14+00:00 February 27th, 2014|Accounting and Taxation, International Tax|

Staff News: February / March 2014

Congratulations to Sanjana Govind, currently on maternity leave from our Audit department, who welcomed her gorgeous baby boy Arnaav on 10th January 2014.     Congratulations also to Audit team member Hema Lallubhai, who married Deelan Sital on 19th January 2014 in a beautiful traditional Hindu wedding ceremony at BAPS Shri Swaminarayan Temple in Avondale.

2014-02-27T09:56:50+00:00 February 27th, 2014|The UHY Team|

The Importance of Staff Induction

The start of a new year often coincides with firms hiring new staff members.  A key step when employing staff is to provide them with a formal and effective induction process.  Induction is the process whereby a new employee is introduced to their employer. Depending on the size of the firm, induction can cover up

2014-02-27T09:55:56+00:00 February 27th, 2014|Human Resources|

IRD Compliance Focus For Small And Medium-Sized Enterprises

The IRD have confirmed that their current compliance focus for small and medium-sized entities includes the following: Checking GST is repaid when business assets are used for private purposes. Monitoring land transactions to make sure that GST is properly accounted for. Assessing GST refund entitlements. Checking employee tax codes are correct (IR330's are available to

2014-02-27T09:55:07+00:00 February 27th, 2014|Accounting and Taxation|

Farming In The Cloud

Xero has just announced that it will be releasing its new “farming in the cloud” solution midway through the year. The solution will allow farmers and their accountants to work on the same information and provide one central location for their key accounting and farm management tools. A recent article written by Mike Peterson, Head

2014-02-27T09:54:06+00:00 February 27th, 2014|Accounting and Taxation, Farm Accounting|

Market Wrap: February / March 2014

Simon Coulter of Craigs Investment Partners reviews the markets’ performance for the beginning of 2014. While mixed, global economic data this year continues to point to a generally steady recovery. We have seen both the World Bank and the International Monetary Fund (IMF) increase their estimates for global growth in 2014, UK unemployment has fallen

2014-02-27T09:50:38+00:00 February 27th, 2014|General|

Agriculture News: February / March 2014

While dairy prices may be at an all-time high, spare a thought for Kaipara dairy farmers who are struggling with drought conditions worse than this time last year.  Some Kaipara dairy farmers are conceding that the season is already over.  They are drying off cows and are now faced with the high cost of palm

2014-02-27T09:50:03+00:00 February 27th, 2014|Farm Accounting|

Festival of Education: 21-23 March 2014

Educators, students and their families, education organisations and community leaders will come together next month to celebrate and share educational successes and innovations. Supported by ATEED, the Festival of Education will take place in Auckland, Wellington and Christchurch.  The free event is open to the public.  It will celebrate, showcase and share the innovations, successes

2014-02-21T13:06:39+00:00 February 21st, 2014|Events and Workshops|