Newsletter:

BDO Know How, June 2015

BDO Know How is our bi-monthly business newsletter providing updates on key business and tax issues which you need to know to best optimise your business.

We explore:

  • Shifting to the times: adapting to the changing legal landscape
    With the 1st of April now behind us, it is important to make note of the significant changes that have taken place since this new financial year began...
     
  • Reminders for employees
    The 2015 Summary of Earnings were issued in May, while Personal Tax Summaries will be issued in June. Make sure all your Employer monthly schedule (IR348) and Employer deductions (IR345) forms have been filed for the year ended 31 March 2015. This will ensure you receive the correct ACC invoices and your employees receive the correct summaries of earnings...
     
  • eDocuments are here
    Inland Revenue have recently begun replacing paper statements, notices and letters with eDocuments, made available via your myIR Secure Online Services account...
     
  • Making tax simpler
    The Government has recently set up a consultation to hear views on how the tax administration system can be simplified and modernised. Interactions with Inland Revenue cost the tax payer time and money, so it benefits everyone if the system is as efficient and simple as possible...
     
  • Google pushes moblie-friendly sites
    Does your website have a high amount of mobile phone traffic? If so, Google’s new search algorithm could impact your business. On 21 April Google rolled out an algorithm update that began to de-rank sites that are not mobile-friendly...
     
  • Changes to benefit allowances
    As at 1 April 2015, changes came into effect regarding the tax treatment of accommodation and meal allowances that you may provide for your employee(s). If you do provide allowances, the changes will make it easier to work out what your PAYE tax obligations are and how to comply with them...