UHY Haines Norton Audit Partner Sungesh Singh recently attended the 2014 UHY AGM in Germany. This year I had the opportunity to attend UHY’s 2014 Annual General Meeting. The conference welcomed 150 delegates from around the world and was proudly hosted by member firm Dr. Langenmayr GmbH Wirtschaftsprüfungsgesellschaft in Germany. Exactly, please don’t ask me…Details
New member firm in Ecuador joins the network. UHY Haines Norton welcomes new member firm, Assurance & Services Auditores y Consultores CIA., LTDA., based in Ecuador to the global accountancy network UHY, of which our firm has been a member since 2004. Established in 2004 and based in Quito, the capital of the Republic of…Details
This year, instead of sending out printed Christmas cards to our clients and associates, we decided to donate the cost to a very worthy cause. The Waitakere Salvation Army – also known as The Faith Factory – is situated just around the corner from our Henderson office in View Road. Run by a very dedicated…Details
New Zealand has one of the lowest tax burdens for high earners of any major economy, according to a new study by UHY, the international accountancy network.
New Zealand has the 8th lightest tax burden out of 25 countries, ranked by UHY according to how much tax and social security it takes from its highest earners’ wages (on a salary of US$1.5m – see table below).
UHY notes that New Zealand is making itself more attractive to high earners than neighbouring Australia, which levies 46% in tax on a salary of US$1.5m, compared to New Zealand’s 32.6%. However, UHY also notes that New Zealand does not have a compulsory retirement savings scheme and individuals do not make social security contributions other than as part of normal Income Tax and ACC levies. Instead, individuals have the choice not to participate in KiwiSaver or choose to contribute 3%, 4% or 8% of their gross earnings. The data used in this survey assumes that the individual has chosen not to participate in KiwiSaver, even though there are significant incentives for participation. Furthermore, retirees’ are also entitled to a state-funded pension and any savings amassed through KiwiSaver are intended to supplement the pension.Details
Congratulations to our resident hockey star, accountant Katrina Whatmough. Katrina plays fullback for Waitakere Hockey, and has received her team’s Most Valued Player award and the club’s Women’s Player of the Year award for 2014. In addition, Katrina was nominated for and is now a finalist for a Sport Waitakere Excellence “Sporting Acknowledgement” Award, to…Details
Congratulations to all of the winners of the Westpac Auckland Business Awards 2014 – West, who were announced at a glittering Gala Dinner and Awards Ceremony last week attended by over 300 guests. After scooping both the Excellence in Innovation and Excellence in Exporting awards, A-Ward Attachments Limited were honoured with the overall Supreme Business…Details