Month: August 2010

Putting your charity’s best foot forward

By Hayes Knight – 25 August 2010 We’ve noted that many of our registered charity clients are producing some excellent comprehensive annual reports each year for their stakeholders. These include their annual audited financial statements. Importantly though, these annual reports also include lots of other great information about the organisation. This often includes why it […]

Issues from recent year end school audits

By Hayes Knight – 24 August 2010 Many schools are only disclosing the school portion of the leases in their financial statements. The correct disclosure is to show both the school portion and the Ministry of Education portion. In most cases adjustments we have found arising from this are not significant to the financial statements […]

Common Q&A PAYE or FBT?

Common Q&A PAYE or FBT? : By Hayes Knight – 24 August 2010 We sometimes see confusion over the treatment of benefits and whether they are subject to FBT or PAYE. The general rule is that if there is a contractual obligation for an employee to pay for an item and they are reimbursed for […]

Income splitting for couples

By Hayes Knight – 23 August 2010 A new tax Bill, introduced by United Future, proposes to allow couples with dependent children to split their income equally for income tax purposes, leading to a reduced tax liability. As part of United Future and National’s Confidence and Supply Agreement, National will support the Taxation (Income-sharing Tax […]

Resource for finding volunteers

By Hayes Knight – 20 August 2010 A new website has been set up called VolunteerNet designed to connect people looking for volunteering opportunities with event organisers looking for volunteers. Launched last month, VolunteerNet aims to make it easy for New Zealanders to get involved in short term event based volunteering. It also provides an […]

Fraud risk in recessionary times

By Hayes Knight – 2 August 2010 Sadly New Zealand entities are not immune to fraud and the risks often increase in recessionary times. The article below highlights a few of the key points covered at our recent Recessionary Fraud Risks seminar Click here for the full article.pdf Not-for-Profit Ask a question or leave a […]