By Hayes Knight – 2 May 2013 You might remember that in previous years we have required the year end SUE summary report to be signed by the principal and board chairperson as confirmation that the employees and amounts paid appear correct. We now need you to do the same for this year. Given the […]
By Hayes Knight – 2 May 2013 The extension of the current banking staffing balancing period has been extended until 31 March 2014. This means that schools will carry over a staffing balance from 2012 into 2013, and there will be no automatic reimbursement of under-use or recovery of over-use during 2013 by the Ministry. […]
By Hayes Knight – 2 May 2013 By now you should have received four MOE updates on financial reporting and payroll matters, the most recent of which was issued last week. These updates are giving clear and concise guidance on Novopay matters. We understand that further updates will be issued where there is a need. […]
By Hayes Knight – 2 May 2013 Not unsurprisingly as the issues have become clearer the OAG has recently requested that we perform some additional work relating to Novopay. This is in addition to work we have already done. In a number of instances, if our audit team has already visited you, this may mean […]
By Hayes Knight – 13 February 2013 Annually the MOE publishes guidance on a range of topics affecting school financial statements. One such document is the Annual Report Instructions. This has answers to a number of common issues the MOE is seeing in their day to day work. If you haven’t already, we’d encourage everyone […]
By Hayes Knight – 13 February 2013 Sadly this is the reason that many schools we have spoken to so far have not had a great start to the year. As your auditors we too have been dealing with the impacts of Novopay already. We have been doing our bit to ensure that the Office […]
By Hayes Knight – 12 December 2012 Kiwi Park has been published for 2012 and is on the MOE website. Click here to view this latest publication: While there are not a large number of changes from 2011, it is always useful to use this updated version to ensure all your financial statement disclosures are […]
By Hayes Knight – 12 December 2012 The Office of the Auditor General (OAG) has compiled a report showing the results of the audits of all education sector entities in 2011. This includes the audits of schools, as well as tertiary and other education institutions. It is interesting reading showing some of the topical issues […]
By Hayes Knight – 12 December 2012 On-going challenges with the Novopay system mean that we are still unsure exactly what information will be provided with regards year end accruals. We are hopeful that the remaining problems with Novopay will be able to be fixed to at least allow the banked staffing position to be […]
By Hayes Knight – 19 November 2012 The MOE’s annual reporting circular is hot off the press. Great News – Limited changes! The circular confirms that there are no significant changes required for the 2012 financial statements or reporting time frames. It is still important to read this circular. It contains useful information including an […]
By Hayes Knight – 19 November 2012 It’s that time of year when the weather starts to warm up and we start to think about all those jobs that we have been putting off over the winter months. As the school year comes to a close, it’s also a great time to think about the […]
By Hayes Knight – 20 September 2012 We understand that there have been some challenges with the implementation of this new system. We are also aware that a lot of effort is going in to sort the issues out. Accordingly we hope to be able to provide some more clarity at upcoming Seminar for Schools of […]
Have you received Inland Revenue’s email on the Brightline test?
That one’s now in the bag. What happens when the rubber hits the road?
Top tax rate change – business considerations
COVID-19 Resurgence Wage Subsidy
Covid-19 temporary office closures
