RSM New Zealand

Accounting News

Our accounting news seeks to cut through the clutter, boil down the issues to their important essence, and keep you ahead of the game.


 

Trial Balance - Issue 67, June 2019

11 June 2019
Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December. In this issue:

Trial Balance - Issue 65, December 2018

14 December 2018
Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 65 - December 2018 In this issue:

Key person cover

22 November 2018
Key person cover – is your business vulnerable?

The Accounting Income Method

11 April 2018
The IRD have recently introduced the Accounting Income Method (AIM) which has been developed for small and medium sized businesses (gross annual income of less than $5 million) to relieve the pressure of the traditional provisional tax system, replacing it with an income/profit aligned provisional tax regime.

Trial Balance - Issue 62, March 2018

23 March 2018
Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December

News Flash: Bright-line Test – Extension from 2 to 5 Years

15 February 2018
The Labour Government’s 2017 Election Policy has finally come to fruition with regard to the extension of the bright-line test.  Hon.

Service Performance Standard Issued for larger PBEs

14 February 2018
New Zealand now has an accounting standard for service performance reporting for Tier 1 & 2 Public Benefit Entities. This article looks at the rationale for this important reporting standard, what it requires, when it is mandatory, as well as some observations regarding adoption and best practice reporting. 

Trial balance - Issue 61, December 2017

1 December 2017
Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting. The Trial Balance is published quarterly in March, June, September and December Issue 61 - December 2017 In this issue:

Cash flow leads to success

24 July 2017
Successful companies treat cash flow as an insurance policy, a buffer.  They have 3 to 10 times the ratio of cash to assets compared to their competition.

Draft Trusts bill

26 June 2017
14 years since a paper called Some Problems in the Law of Trusts was released a draft Trusts Bill has been released for consultation. The draft Bill largely reflects the recommendations from the Law Commission’s review of trust law that commenced in 2009 culminating in a final report that was released in 2013.

A wound up trust - all you need to know

21 June 2017
A trust is wound up (brought to an end) when all of the trust’s assets are distributed to the beneficiaries or to another trust, either directly or by way of resettlement. 

RSM appoints new business advisory partner – Craig Cooper

21 April 2017
RSM has strengthened its practice by appointing a new Business Advisory Services Partner, Craig Cooper, based in the Auckland Office.

Trial balance - Issue 56, September 2016

1 September 2016
Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 56 - September 2016 In this issue:

Do you have a will?

22 August 2016
Approximately 5 % of new Zealanders will die without a will in circumstances where a court application will be necessary to determine how the deceased’s estate is to be distributed

Grant Hally talks growth strategy

8 August 2016
RSM doubles its presence in Highbrook How we did it and why

Struggling to find a work/life balance?

7 July 2016
There simply aren’t enough hours in a day to accomplish the things you want in your business let alone in other areas of your life – time with your family, time to relax, read a book, or do something just because it’s fun.

Scam alert - "Corporate Portal"

30 May 2016
Corporate Portal New Zealand scam

What are your rights as a trust beneficiary?

4 May 2016
Beneficiaries’ rights to trust information have been challenged in the recent Court of Appeal decision in Erceg v Erceg.   Prior to the Court of Appeal decision in Erceg v Erceg it was settled law in  New Zealand that beneficiaries had a right to trust information.

NFPs: Bringing investments to account

21 April 2016
One of the key changes to accounting treatment for many not-for-profit organisations is the change to accounting for investments.  Caught under the rules for financial instruments under PBE standards, for Tier 1 and Tier 2 not-for-profit entities, the rules governing how to account for your investments are now complex. 

Strength in leadership and diversity at RSM

16 March 2016
Announcement of Nicola Hammond as Partner at the Auckland office on 1 April 2016 brings ratio of female partners to 21% across the group

Trial balance - Issue 54, March 2016

1 March 2016
Trial Balance is the flagship publication of NZ CA member firms and covers a wide-range of articles on all aspects of business and accounting.  The Trial Balance is published quarterly in March, June, September and December Issue 54 - March 2016 In this issue:

What a holiday - Holiday Pay taxed as salary/wages or as an extra pay?

25 February 2016
It appears there has been some confusion among taxpayers when it comes to classifying holiday pay as either salary/wages or as an extra pay for the purposes of deducting PAYE. This was not helped by incorrect material published on the IRD website.

ACC acronyms explained

10 February 2016
Have you seen the term “BIC code” but not known what it meant?  Do you see reference to your “CU” on your ACC invoice and wonder why you need that?  Read on for our explanation of the acronyms and their importance to you:

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