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In This Issue · March News - Tax Dates. Featured Services Strategic Review There is so much tax law changing consistently that every 2 - 3 years every client should ask for a strategic review. The best time to do this is after we have prepared your annual accounts - but at any time that life has changed for you and you are wondering if your business structures or investments are still right for you. Call and we will set up an hour's meeting to review your existing structures. ACC Problems As your tax agent we now have access to view your account online with ACC If you want us too we can receive and manage your invoices just as we do with the IRD statements of account. Please Contact us first for concerns about ACC. The IRD have allowed us tax agents to now work out instalments for you. The worst thing you can do is to hide from the problem –Just a phone call and help is available
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March Tipbits Terminal Tax due 7 April 2010We are in the process of sending out 2009 Terminal Tax letters due for payment 7 April 2010. If you don't get a letter next week and you are worried that you should have please contact this office. Engagement Letters We are also concentrating on sending engagement letters and service questionnaires for the 2010 financial year to those who we expect to complete work for in April this month. Many clients when they have visited us have asked about how our Kelston office is going. Our turnover has risen 30% so far upon last year's result so we are extremely pleased with the move. Margaret O'Conner has accepted the difficult role of workflow manager of both offices - if you are unsure about anything to do with your annual work and when it will be ready please contact Margaret directly. margaret@taxandtrust.co.nz
Danny Li is moving from Henderson to Kelston office full-time but is able to meet clients at both offices by appointment. Kind Regards,
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| Income thresholds | Rates |
|---|---|
| Income to $14,000 | 12.5% |
| $14,001 - $48,000 | 21% |
| $48,001 - $70,000 | 33% |
| $70,001 and over | 38% |
If you wish to check what rate of tax you are paying feel free to type your annual income into the calculator on our website under the resources tab.
Focus on Results
Results are everything.
Past behaviour is a huge indicator of future behaviour and past results are a big indicator to me of future results.
Changing your results is hard work for we change our behaviour, thoughts, beliefs and habits so slowly.
We are able to change what we are able to measure though so what key performance indicator in your business are you measuring at least weekly - in order to improve?
Working on your business and not just in it - is essential to true business success. Thinking about what is working and what is not - measuring it and focus on improving.
I recently finished a book on Leadership by Rudolph Guliani who was mayor at the time of the Twin Towers attack - I recommend the book to all clients who like to read.
I found the story truly inspirational and now Rudolph Guliani has become a model of outstanding leadership for me. He was absolutely focused on detail in his leadership. He measured every department and made heads of department accountable for constant improvements. Just in the area of public safety in his 8 years of leadership - murders in the city went down by two thirds, shootings by 75% and all crime fell by 57%. - WOW
What result this month do you want to focus on and improve?
If you don't focus on some improvement - expect the same result as last year. As your accountant and business advisor, we will see this too.
Please have a focused March and finish the financial year off with hitting a target you want to reach.
