Accounting and tax news round up: PIEs legislation to be introduced

www.NetProphet.co.nz

Thursday 1st April 2010

In the latest NetProphet news the Government announces that it will introduce legislation later this year to clarify the timing rules for portfolio investment entities (PIEs) claiming a tax deduction for credit impairments or doubtful debts.

MYOB enters a strategic supply agreement with BankLink and accountants report they are finding business slow in the latest BNZ Business confidence survey.

In investments, Milford Asset Management announces it will go it alone as a KiwiSaver provider, with its new scheme launched today.

Law change to clarify PIE timing rules

The Government will introduce legislation later this year to clarify the timing rules for portfolio investment entities (PIEs) claiming a tax deduction for credit impairments or doubtful debts, Revenue Minister Peter Dunne announced today. >>Read more

MYOB enters strategic supply agreement with BankLink

MYOB has entered into a strategic supplier agreement with BankLink for the supply of bank transaction data to be used in a range of new MYOB products. >>Read more

Accountants finding business slow

Accountants are finding business slow, but are hoping it will pick up in April according to the BNZ Confidence survey. >>Read more

Milford launches own KiwiSaver fund

Milford Asset Management announces it will go it alone as a KiwiSaver provider, with its new scheme launched today. >>Read more

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