accounting

Business Culture Tied to Business Performance

Wednesday, October 25th, 2017

While it’s easy to think of business culture as a bit soft compared with, say, achieving sales, in fact it’s anything but. A 2014 study reported that public companies named in a “Best Places to Work” list in 2009 outperformed the S&P 500 by 115 percent in the following five years. The Glassdoor study suggests…

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Xero Training Sessions – fully booked

Wednesday, October 25th, 2017

Our next Xero training session is on Thursday 30th November, held at the dpa Taupo office.  The session will run from 3pm to 4pm.  Please bring your own device to work on. Topics that will be covered are as follows: Accurate bank reconciliation i.e. comparing the Xero report to the actual bank statement What to…

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NZ Trust Law to be Overhauled

Wednesday, October 25th, 2017

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…

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Creditors get more protection from indebted businesses

Tuesday, September 26th, 2017

A threshold for reportable tax debt is now in effect, giving creditors greater protection from businesses owing debts of more than $150,000. The IRD is now allowed to disclose to certain credit reporting agencies, information about companies with significant tax debt. An Order in Council set a threshold of $150,000, so a company’s tax debt…

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Are you a landlord?

Tuesday, September 26th, 2017

Tenants must be informed of insulation status It’s been compulsory since 1 July last year for any new tenancy agreement to include an Insulation Statement. That means landlords must record if rentals have insulation, where it is, the type of insulation and its condition. That allows tenants or potential tenants to make more informed decisions…

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AirBNB usually a tax case on it’s own

Tuesday, September 26th, 2017

If you use Airbnb to provide short-term accommodation in your house in which you also live, the IRD’s “mixed-use asset (holiday home)” rules don’t apply and guests are not classed as boarders. Except when you list a whole house which is vacant for 62 days each year, mixed-use asset rules do apply and calculations differ…

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