Welcome to this issue of Business Fitness NZ – Best Practice. We hope you enjoy reading these updates.

Grab a tea or coffee and simply follow the links below to navigate to those sections in the newsletter that are of most interest to you.

Content Update Highlights
HotSpots:  Merry Christmas                  
                    Client Development

  Content Update Highlights

The Content Update 59 has been released and is ready for your administrator to download. This Content Update includes:

UPDATED FBT Rates
The following documents have been updated with changes to FBT rates:

      • Vehicle -  Buy vs Lease vs HP Asset Analysis
      • FBT - Workflow Reports
      • FBT - Preparing Returns

UPDATED IRD Health Checklist
GST and PAYE thresholds updated

UPDATED Electronic Workpapers Livestock
Dairy Goats(WAC) - NSC values amended

NEW Managing Tax Debt

      • A new procedure for managing and advising clients on tax debt
      • New FAQ with report and script to assist with client enquiries

NEW Public Holidays and Closedown Periods FAQ with script and weblinks

UPDATED ACC Authorisation 
The following documents have been updated with a new authorisation paragraph provided by ACC:

      • Authorisation to Appoint ACC Representative
      • ACC Engagement Letter

UPDATED:

      • Rental Deductibility Table - Mileage rates updated in line with IRD
      • Rental Properties ownership expenses report - Marginal tax rate updated, paragraphs added to section on Adjustments for Family Assistance Purposes, minor text changes

UPDATED  Business Benchmarking - BenchmarkIT
New step added on submitting data to BenchMarkIT

NEW Weblinks:

      • CalendarsThatWork.com - printable calendars for your life's work
      • IRD Correspondence Guidelines - Correspondence guidelines for Tax Agents
      • Company Net - Resources for NZ company formation
      • EMA - Employers and Manufacturers Association
      • Employers Guide - Information regarding business compliance
      • NZ Chamber of Commerce - Public Holidays
      • NZ Public Holidays 2010-2013

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HotSpots:

Merry Christmas and Happy New Year
A HUGE Thank You! to all those who made content suggestions and  contributions in 2009 - We wish each and every one of you a safe and happy Christmas and New Year and look forward to hearing more from you in 2010.

Business Fitness Client Development Centre
A big THANK YOU to all firms who got behind the inaugural 2009 Client Development Programme.

Over the past 4 months we've had some great feedback from firms, conducted some fabulous webinars and experienced some not-so-fabulous technical moments.  We've learned a lot, and we're looking forward to further developing the Business Fitness Client Development Centre. 

We will be adding new topics in 2010 and also mixing things up a bit!  Keep an eye on your inboxes for an update on the upcoming programme.

In the meantime, if you have any queries or suggestions for what you'd like to see in future, please don't hesitate to email training@businessfitness.co.nz or call us on 0800 10 58 60.

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We are eager to hear your thoughts on future content - just contact Michele Morgan at contribute@businessfitness.co.nz or feel free to call her on 0800 10 58 60.

Regards

The Team at Business Fitness NZ Ltd
www.businessfitness.co.nz