Accounting and tax news round up

www.NetProphet.co.nz

Friday 15th January 2010

Specialist accountancy website Netprophet.co.nz reports on an announcement this week by the government actuary that KiwiSaver schemes are able to accept transfers from UK superannuation funds.

Westpac also waives the KiwiSaver 2010 monthly administration fees for children under the age of 18 who are members of the Westpac KiwiSaver Scheme.

We talk to Xero about its software which is now used in more than 50 countries and discuss its plans to enter the US market.

NetProphet.co.nz reporter Rob Hosking looks into the Institute of Chartered Accountants query into the scope of the Inland Revenue Department's proposed changes to GST rules for land and other high value assets and we look at why the Association of Chartered Certified Accountants (ACCA) wants to see global carbon accounting standards adopted by the corporate world.

In Practice Management Allan Mearns delves into the third part of his series "Your part in the tragedy" looking at what to do with an affected individuals business after a tragedy.

You can keep up-to-date with accounting news on Twitter. Follow us on http://www.twitter.com/netprophets

Xero looking to enter the US market

Xero appears to have exploded onto the accounting scene, now being used in more than 50 countries and with plans to have a presence in the United States. >>Read more

KiwiSaver OK for UK transfers

The Government Actuary (GA) has hosed down growing legal concerns that KiwiSaver providers could not accept pension transfers from the UK. >> Read more

Westpac waives KiwiSaver fees for children

Children under the age of 18 will have their 2010 monthly administration fees waived on their KiwiSaver investment if they are members of the Westpac KiwiSaver scheme. >> Read more

GST changes should mean lower UOMI

The Institute of Chartered Accountants is querying the scope of the Inland Revenue Department's proposed changes to GST rules for land and other high value assets - but says that if the IRD is to take its palled approach it should lower the use of money interest rate. >>Read more

ACCA calls for global carbon accounting standards

The business response to climate change has been described as "timid and sleepy" by expert commentators in a new report by the Association of Chartered Certified Accountants (ACCA)and the Global Reporting Initiative (GRI). >>Read more

Your part in the tragedy - what will they actually do (III)

I'm sure that business is the hardest part of the planning exercise when you consider the issues to be confronted and sensitivities involved. >> Read more

Comments from our readers

No comments yet