An Audit Alliance in Motueka Valley

UHY Haines Norton has recently achieved the status of being the only fully licensed audit firm in West Auckland, meeting the Government’s rigorous high standards and complying with the Auditor Regulation Act. Our new auditing procedures include re-establishing our alliance with Bill Heritage, a semi-retired audit expert, to act in a consultant role.  Bill will…

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Taxing Matters: June / July 2014

Service graphic_corporate tax_1_RGBTaxing Matters provides a summary of topical tax and business information relating to individuals and business.

Deductibility for Clothing   The IRD will permit a deduction for ‘distinctive work clothing’, defined as items which form part of uniform that is identifiable with the employer because of logos or the pattern, colour scheme or style. A deduction cannot be claimed for work jeans, work boots and so on because they do not meet the definition of ‘distinctive work clothing’.

Prescribed Investor Rate of Tax   The prescribed investor rate (PIR) is the rate of tax used by an investor when investing in portfolio investment entities (PIEs).  All KiwiSaver investments are PIEs.  A PIR rate is determined by looking at an investor’s taxable income over the previous two years, therefore for investors who have completed a 2014 income tax return the PIR will be determined by looking at their taxable income for the 2013 and 2014 income tax years.  It is recommended that as investors complete their 2014 income tax returns, they check they are using the correct PIR for their PIE investments.  There are three PIRs for individuals: 10.5%, 17.5% and 28%.

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Human Resources: Why You Should Recruit For Attitude

Wyatt Sargent Fern Logo 2.pngJennifer Wyatt Sargent of Wyatt Sargent & Associates Ltd explains why attitude should play a major role in the recruitment process.

Wyatt Sargent & Associates is a human resources consultancy, not a recruitment agency, and yet I often write and talk about recruitment.  Why?  It’s because much of our work results from employers making bad recruitment decisions they have no idea how to resolve.

Listen to managers talk about their “problem” employees and it’s clear that often it isn’t a person’s ability to do the job that is the problem – usually it’s their attitude, hence the saying: “managers recruit for skills and experience, and fire for attitude.”

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