News Posts

ACC CoverPlus Extra

CoverPlus Extra can be extremely beneficial for self-employed and shareholder/employees instead of the usual CoverPlus in the unfortunate event of an accident. With the default Cover Plus you must prove your income at the time of your claim and this can be difficult and time-consuming. Your latest accounts may not be prepared or you may […]

Read more

Employsure

Managing employees and keeping your workplace safe is a big part of business success and that is why we recently partnered with Employsure. Finding the time in a busy work day to ensure you are meeting employment and health and safety requirements can be daunting, and it is often the aspect of a business that […]

Read more

Mileage rate change

Each year IRD assesses the claimable mileage rate and for the second year in a row the rate has gone down. This is now 72 cents for the 2016 tax year, down from 74 cents for 2015 and 77 cents in 2014. The rate applies to both diesel and petrol vehicles but not to motorcycles […]

Read more

Trust Bill 2017

– what this will mean to you as a Trustee It’s quite surprising to learn that there are an estimated 300,000 to 500,000 Trusts in New Zealand. For the first time in more than 60 years a bill has been introduced to Parliament which signals significant changes to trust law. The Bill is intended to […]

Read more

Forestry Income

A number of clients have invested in forestry over the years and many forests are now being harvested or will be within the next decade. Often the income generated is substantial with most if not all taxed at the top rate o f 33 percent. For many this is a form of retirement saving so […]

Read more

E-signatures legally recognised

Life just got easier with electronic signatures now accepted on documents and information provided to Inland Revenue. This includes tax and GST returns. The hassle of printing, scanning and processing is eliminated. At Capital Accounting we are already hitting the button to forward your returns to you for simple signing and return to us ahead of […]

Read more

Wear the Right Hat

Michael Gerber wrote a well-known book “The E Myth Revisited” which he subtitled “Why Most Small Businesses Don’t Work and What to Do About it”. The E in the title stands for “entrepreneur” which is what many Kiwis are or want to be. He identified the fundamental flaw for most new small business owners – […]

Read more