Accounting and tax news round up

www.NetProphet.co.nz

Specialist accountancy website Netprophet.co.nz reports this week on a select committee report has called for people with wider business experience to serve on the Accounting Standards Review Board.

Huljich steps down as the managing director and chief investment officer at Huljich Wealth Management this week after a board review of the company's operations with KiwiSaver funds and NetProphet reporter Rob Hosking goes to the Penny and Hooper case at the Court of Appeal reporting on what went on in court as we await the outcome of the deliberations.

In other news NZ Funds looks at the new KiwiSaver rules to take effect in April 2010 and how people should work out what the tax on their return will be when considering which fund to put their savings in.

Finance Minister Bill English says New Zealand's government accounts were boosted by the windfall from the major trading banks' settlement of their tax case with Inland Revenue and he warns of a lean budget with little new spending this year.

In Practice Management Debbie Mayo-Smith looks at the amazing abilities of dragging and dropping emails in your inbox.

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