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ACC REFUNDS: DO YOU QUALIFY?

About 300,000 business customers have been charged incorrect ACC levies since 2002.Business.govt.nz have recently issued an article with information on how you can find out whether you are owed a refund.  Please have a look here.If you have any questions regarding this article, contact us on 09-636-3332...

EPPL’S TERMS AND CONDITIONS

Please find below a link to EPPL’s current Terms and Conditions of Engagement.If you have any questions regarding this document, please contact us on 09-636-3332.Client Terms and Conditions of Engagement...

BUSINESS.GOVT SEPTEMBER 2018 UPDATE

The September business insider newsletter has recently been sent out.  You will find this issue includes the following helpful topics:-Talking about Kiwi Saver with your staff.Points you should consider when deciding on accounting software for your business.Business expenses: What can you claim?Hiring your first employee.NEW CUSTOMS ACT – what’s changing! From 1st October 2018, customs will have a new Act that may affect your business.Improving your health and safety performance at...

CHANGES TO THE ANTI-MONEY LAUNDERING ACT (AML)

Why we need to ask you for information:-New Zealand has passed a law called the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (“the AML/CFT law” for short). The purpose of the law reflects New Zealand’s commitment to the international initiative to counter the impact that criminal activity has on people and economies within the global community.Recent changes to the AML/CFT Act mean that from 1 October 2018 accountants must comply with its requirements. Accountants m...

IMPORTANT IRD PAYROLL NEWS – IT’S TIME TO SHIFT TO PAYDAY FILING

From the 1st April 2019 payday filing will become mandatory. The IRD have sent out an interesting newsletter regarding moving to payday filing:-What is payday filing?Instead of filing an Employer monthly schedule (IR348) every month, you’ll file employment information every payday in line with your normal payroll cycle.Note: with payday filing you’ll continue to file your employer deductions and pay on the 20th of the following month.Why is this required?The law has changed so you ...

BUSINESS.GOVT AUGUST 2018 UPDATE

The Business.Govt website has recently sent out their August business insider newsletter. You will find this issue includes the following helpful topics:-Payday filing: your questions answered! Last month’s article about payday filing generated a lot of questions and feedback.  They’ve worked with the IRD to bring you some answers.Looking after the wellbeing of your employees.Your ideas are worth protecting – IPONZ has new resources to help you protect your ideas.Company, sole tr...

BUSINESS.GOVT MAY 2018 UPDATE

The Business.Govt website has recently sent out their May business insider newsletter – Make business easier!This issue includes:-What you need to know if you have overseas accounts.Anti-money laundering law change.ONECheck – check business names, trade marks, web domains and now social media usernames in one simple search with the new and improved ONECheck.How to use tech to be more productive.ACC wants to hear your views on two new proposing products.You can read the full newslet...

2018 ANNUAL FINANCIALS

Happy new financial year!We are under way with starting the 2018 annual financials and tax returns.  We will be emailing out our engagement letter and the months we intend to complete your annual work very soon.  In the meantime, please find a link below to our annual questionnaire/checklist that we are supposed to received signed from you each year …2018 Annual Questionnaire...

END OF TAX YEAR TIPS

Baucher Consulting Limited, tax specialists, have recently sent out some very good end of year tax tips that we believe you should take a look at before 31st March:-Review your debtors and ensure any bad debts are written off by 31st March to ensure you can get a bad debt deduction this year.Any elections to join the look-through company regime must be filed by 31 March in order for the election to take effect from 1 April.  Miss this deadline and you’ll have to wait a...

IRD CHANGES – APRIL 2018

The IRD are continuing to keep us up-to-date with the new changes to their online services.  Here is a brief outline of the areas that will be upgraded on the 17 April 2018.myIR – new “Business” section. Please visit here for further information.How you send Employer Monthly Schedules (EMS) and employer deduction forms is changing. Click here for more details.The Accounting Income Method (AIM) – this is a new option for managing provisional tax for small business...

2017 TERMINAL TAX PAYMENT

We just wanted to let you know that the IRD are sending reminder letters and text messages to clients regarding their Terminal Tax payment, which is due before the 7th April 2018.  EPPL will also be sending our clients reminder letters as well.  If you have any queries regarding communication you have had from the IRD, please contact us on 09 636 3332!...

KEEPING YOU UP-TO-DATE WITH IRD CHANGES

The IRD are continuing to upgrade their online services and we would like to keep our clients in the loop so there’s no surprises.  Listed below is a brief update on the changes that are coming up in April 2018.Going onlineFrom April 2018, you’ll also be able to file and amend returns online for Withholding Taxes for investment income, Gaming Machine Duty and Fringe Benefit Tax through myIR.Client maintenancePermissions and access to client information may change, depending on your myIR...

NEW PROVISIONAL TAX OPTION

Inland Revenue is proposing many changes to their tax system.  One of these is a new way of paying provisional tax.  At Eden Perich Prewett, we think this is a positive step ahead for NZ businesses, as we collectively become more focused on your business (rather than the focus and stress of completing returns). For further information on these changes, please have a look here.Talk to us about planning for this change in 2018! 06-636-3332...

AUDIT SHIELD INSURANCE RENEWAL

The annual tax audit insurance policy renewals are currently being mailed out – these are managed by our insurers and offer an insurance package to cover the costs of responding to any IRD reviews and audits.  We recommend this product as the likelihood of IRD initiating a review is increasing every year – it’s a matter of when, not if they will review client tax matters.What is interesting is the feedback the insurers are providing to us about what IRD is looking ...

LATEST SCAM ALERTS

We are noticing an increase in the number and variety of scam emails hitting our client network lately.  Some of them look VERY genuine, and are difficult to distinguish from a real and sincere sender.We want to highlight that if you are receiving any emails asking for bank account or password details – definitely DO NOT OPEN.  If you are unsure if the email you’ve received is genuine, please do not hesitate to send it to us to look over – info@eppl.co.nzOne particular scam ...

BEWARE OF FAKE IRD & XERO EMAILS

We’ve noticed an increase in the number of “phishing” emails that our clients are receiving.  These maybe from the IRD claiming you have a refund and to get it “click on this link”.  Or the latest ones are purporting to be from Xero, claiming that your Xero subscription is overdue.  See Xero talking about it here Xero Blog.These are FAKE and should be deleted!  If in doubt, please send the email to us to look over. If there is anything further you would li...

BUSINESS.GOVT APRIL UPDATE

The Business.Govt website has been updated with the latest Business Insider Newsletter.This issue includes:Contractor tax changes: How to get it rightFour-minute round-up of the latest 2017 law changesSwitch on to Techweek (various tech events across the country in May 2017)Career tool for jobseekers and employersCompliance just got easier – release of a new compliance checking toolGrants: Study at top business school, pay halfVideo marketing: Funding and workshopsYou can read the full newslet...

LATEST WILCO NEWSLETTER APR17

Eden Perich Prewett’s latest newsletter has been posted Wilco Autumn 2017, and covers:Selling goods in Australia (and other overseas nations) – you may be affected by overseas tax laws!IRD’s GST transformationOther tax changes in the windNew methods for claiming Motor Vehicle and/or Home Office expensesOverview of the end of year checklistAs usual, call us for a chat about any of these issues on 09-636-3332...

NEW TAX RULES: TAXING CONTRACTORS

IRD is about to put into effect new tax rules for dealing with contractors.  Here’s our flyer to keep you up to date.Summary of Withholding Tax changesIn summary:Changes take effect from 1 April 2017Applies to the Labour Hire industryApplies to all types of entities (sole traders, companies, partnerships & trusts)All contractors must be taxed at sourceDeclared tax rate is 20%Non-declared tax rate is 45%...

GETTING READY FOR AN ACTION-PACKED YEAR IN 2017

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11791477 Mark Lister (head of private wealth research at Craigs Investment Partners) discusses investments and the year ahead in his on NZHerald column.(This column is general in nature and should not be regarded as specific investment advice)Our thoughts at Eden Perich Prewett follow…2017 poses to be a year of uncertainty and change:Political ( US & NZ Elections)Financial (rising interest rates, lending restrictions...

LATEST WILCO NEWSLETTER JAN17

Eden Perich Prewett’s latest newsletter has been posted 201701-Wilco Summer 2016, and covers:Deductibility of seismic assessmentsInvestment Property – Risk and Reward and the Brightline testCasual employment over summerHow to record those costs last month for gifts, functions and team eventsTax dates...

NEW WEBSITE

We are about to launch our new website (we’ve been working on this through the second half of 2016).We welcome your feedback!...

BUSINESS.GOVT UPDATE

The Business.Govt website has been updated with the latest Business Insider Newsletter.This issue includes:H&S: Working together on risksHow to set your goals with business planningA quick round-up of 2016’s law changesNatural disaster + being prepared = better for businessCompliance dates for 2016: Know when to fileFree H&S rep trainingPrep for tax time and avoid last-minute panicScammers never go on holidaySix ways to fine-tune your payrollEmployee Cost CalculatorYou can read the full newsle...

BACK AFTER THE SUMMER: JANUARY 2016

Welcome to the new year! We are now working away in the office Monday to Friday as per normal.For businesses with December 2015 GST Returns, the return and payment is due 28th January 2016.The 2016 upcoming tax dates have been updated; click here to be redirected to view the calendar, or here to go to the IRD website homepage.If you haven’t brought in your records for the March 2015 tax year, you will need to do so as soon as possible to ensure they are completed ...

CHRISTMAS HOLIDAY BREAK

The EPPL office will be closed for the summer break from Friday the 18th December, and re-open on Monday the 11th January 2016. Please set a reminder for the next GST and provisional tax date of  15th January 2016.Future 2016 tax dates can be found here. The Business.Govt website has also sent out their latest Business Insider newsletter- read it here. From the team…Merry Christmas and Happy New Year! Picture below from the 2015 EPPL ...