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Cashmanager RURAL wagebook will not update for payday filing
19/10/2018 by Ean Brown Partners Limited
Our recent blog post on payday filing triggered some of our clients to contact us and enquire how the change will be handled in Cashmanager RURAL's wagebook.
CRS Software Ltd have confirmed in a news article on their website they will not be updating their wagebook for payday filing.
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Due to all-staff training being undertaken in our Whangarei office, we advise our Dargaville office will be closed on Friday, 26 October 2018 Our Whangarei office will be open for business as usual. The Dargaville office will re-open again at 8:30am on Monday, 29 October 2018 . We apologise for any inconvenience caused |
We recently celebrated Flynn O'Meara being acknowledged at an awards event as a new member of Chartered Accountants Australia and New Zealand, making him a Chartered Accountant and able to use the letters 'CA' after his name.
He was presented with a certificate at the CA ANZ Northland Gala Event 2018 on Thursday 13 September, held at the Whangarei Cruising Club.
Becoming a Chartered Accountant requires many years of studying, examinations and on-the-job training, so it is rather a momentous achievement. Well done Flynn!
Check out some of his photos from the awards ceremony below:
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As of today Accountants will now come under the obligations of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (or AML/CFT).
Read more…Why no man is an island - knowing when to stop going it alone in business
28/09/2018 by Ean Brown Partners Limited
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Blog Series part 1 |
When starting up a business, a lot of small business owners are like impressive power-house dynamos, working in, on, and for the business, in every possible capacity: CEO, CFO, stock controller, salesperson, marketer, IT guru, PR specialist - as well as making their own coffees and taking out the rubbish.
It's impressive, admirable, and sometimes just plain necessary in those early cash-strapped days. But it is definitely not sustainable. In order to grow a business - and not completely burn out in the process - there comes a point when you need to take stock of your skills, time and resources, and know when to start bringing in outside help.
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Payday filing has been available to employers since April 2018, and from 1 April 2019 it will become mandatory.
Inland Revenue have been writing to employers to remind them to start preparing for the shift to payday filing.
Read more…Q&A - Our farm manager wants to take a two week holiday - can we say no?
30/08/2018 by Ean Brown Partners Limited
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Question: Our farm manager wants to go on holiday for two weeks and take his son, who also works for us. The manager started with us 16 months ago; the son started nine months ago and says he has 11 days annual leave accrued. We can't do without our farm manager for two whole weeks! And with his son going as well, that leaves us with no-one to milk the cows. Are they allowed to go on leave together? Can we tell him he can take one week's holiday at a time? |
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Answer: Once your farm manager reached his one year anniversary of employment with you he became entitled to four weeks of annual leave, and you must allow him to take at least two weeks of that as uninterrupted holidays. As his son has not been employed by you for a full year he is not entitled to paid leave at this stage. |
Employee vs independent contractor - what's the difference?
20/08/2018 by Ean Brown Partners Limited
There are quite distinct differences between employees and independent contractors, although sometimes it can prove difficult to definitively categorise a worker as one or the other. For this reason the courts have developed a number of legal tests to help businesses classify workers.
Read more…Check with your accountant before paying taxes or claiming refunds
17/08/2018 by Ean Brown Partners Limited
If you are linked to Inland Revenue's myIR you may receive correspondence via the online service notifying you of upcoming tax payments, or credits available for refund. However if you are also with a tax agent or accounting firm these notices have the potential to cause issues.
Read more…Q&A - My accountant needs my annual tax certificates. How do I get them?
13/08/2018 by Ean Brown Partners Limited
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Question: My accountant is asking me for my RWT certificates for the last financial year, but my bank hasn't issued me any. How can I obtain these? |
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Answer: If you use online banking, your annual tax statements may have been made available to you via your online banking login. |
Announcing the winner of our EoY Livestock Count prize draw!
25/07/2018 by Ean Brown Partners Limited
We re-introduced our Livestock Count prize draw for the 2018 income year, to reward farming clients who submitted their closing livestock numbers to us within two weeks of their balance date.
Read more…Q&A - Can sharemilkers and contract milkers claim 20% deduction for farmhouse expenditure?
23/07/2018 by Ean Brown Partners Limited
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Question: Can sharemilkers and contract milkers use the same approach as farmers and claim 20% deduction for farmhouse expenditure? |
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Answer: Yes - sharemilkers and contract milkers may claim a 20% deduction for farmhouse expenditure (for example, power and insurance bills) without calculating actual business use of the farmhouse, if:
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If you file your PAYE returns on time but forget to pay the full amount of PAYE by the due date, Inland Revenue may charge a non-payment penalty as well as late payment penalties and interest.
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