Accounting and tax news round up

www.NetProphet.co.nz

Friday 27th November 2009

Specialist accountancy website Netprophet.co.nz reports this week on the Taxation Bill which has passed its final stages in parliament yesterday and the IRD recovers $81 million in tax from just 95 High Wealth Individuals.

Other stories include MYOB's general manager calling the recovery uneven and fragile after its Business Monitor Survey showed that around a third of small and medium sized enterprises have work in the pipeline increasing, but more than a quarter have worsening fortunes

We also look at how WHKs acquisition of two Oamaru accountancy firms is going. Brady and Wollstein and Scott and Co have joined WHK Taylors Otago.

There's analysis on what would happen if the Inland Revenue Department (IRD) does not win its appeal on the Penny and Hooper tax case and Debbie Mayo-Smith explains "how to target with a click".

SME recovery uneven and fragile

Around a third of small and medium sized enterprises have work in the pipeline increasing, but more than a quarter have worsening fortunes according to a survey of more than 1000 businesses. >>Read more

Analysis: Landmark tax case on the way

Here's a prediction for 2010 - if the Inland Revenue Department (IRD) does not win its appeal on the Penny and Hooper tax case, there will be a law change to plug the hole. >>Read more

The IRD recovers $81 million tax

Inland Revenue has been digging deep over the last year to recover an additional $81 million tax from high wealth individuals. >>Read more

IRD's legal bill goes through roof

The Inland Revenue Department's lawyers' bills more than trebled last year, Members of Parliament were told yesterday. >>Read more

How to target with a click

Would you like to know a secret missile to enable you target and communicate instantly with a selected group of your customers? Suppliers? Distributors? >> Read more

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