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Employ staff or provide fringe benefits?

Tuesday, September 7th, 2010
On 1 October 2010 personal income tax rates are changing. Use this checklist to make sure you’re ready for the change: You use a payroll software package, and no longer rely on manual wagebooks or excel spreadsheets for payroll processing Your payroll software has been updated with the new PAYE ... Read more

Registered for GST? 1 October Checklist

Tuesday, September 7th, 2010
The GST rate is increasing from 12.5% to 15% for goods and services supplied on or after 1 October 2010. Use this checklist to make sure you’re ready for this change: You have updated your accounting software Your bookkeeping and accounting staff are trained in how to apply the GST changes and ... Read more

Changes to New Zealand GST – no problem

Friday, July 2nd, 2010
For many Kiwi businesses dealing with the GST change is their biggest concern right now. Chances are that the upcoming changes to GST rates are keeping many of the 600,000 GST registered business owners in New Zealand awake at night – and making software developers and IT consultants rub ... Read more

GST changes – will my software work?

Friday, July 2nd, 2010
Will your accounting software handle the GST changes on 1 October? Because there have been no GST changes for over 20 years, the GST rate is hard-coded into many software programs. They simply haven’t been designed to allow for changes to GST. Updating systems can be a costly exercise. What ... Read more

How do I price the rise in GST?

Friday, July 2nd, 2010
How can you change your pricing so that the rise in GST is passed onto your customers and does not become a cost to your business? Someone will have to pay the increased GST. It will be up to your business to make up the shortfall if you don’t charge your customers the correct amount. This could ... Read more

GST change – What do I need to do?

Friday, July 2nd, 2010
Get your business ready for New Zealand’s GST rate change to 15% on October the 1st 2010. Most people realise that a change in GST (or any other tax rate) will mean a change to any computer system that involves money. Changing the GST rate in your accounting or point of sale system is one ... Read more