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
HotSpot:   Client Development

Content Update Highlights

The Content Update 60 has been released and is ready for your administrator to download. This Content Update includes:

NEW & UPDATED Dividend Planning and Preparation Tools
We'd like to spotlight content to help you to help your clients with timely dividend planning. 

      • The updated Step 1 of the Dividend Preparation procedure outlines how you can use two new tools to wow your clients with how onto it you are
      • You can send out the new Dividend Planning Letter to the clients who need to use up their remaining imputation credits at 33% before 31 March
      • The new Dividend Planning - DWT Script:
        - is a prompt to follow up by phone and confirm arrangements around the dividend.  And
        - for those clients who have used up all their credits at 33% and will either use credits at 30% or a mix of 33% and 30% it also explains Dividend Withholding Tax is due on the 20th of the month following the dividend.  And
        - it paves the way to combine tax planning with dividend planning
      • And to help your team complete the task, we’ve released updated Dividend Workpapers.  While the main release of the 2010 edition will be in March, we thought you’d like an update to assist you in the meantime.  Most of the changes are minor cosmetic or formatting tweaks but you can click here to see what they are.

UPDATED Client Questionnaires

We've updated the procedure and a number of client questionnaires.  Updates include:

      • Terms of engagement updated for smoother Replace Fields functionality
      • Name of Bank Manager requested where relevant
      • Home Office Expenses section updated for clarification
      • Debtors and Creditors pages updated on relevant questionnaires
      • Updated low value stock references from $5000 to $10000
      • Request for more information on FIF Income

See the content update log to see changes in more detail.

Back to Top

UPDATED Client Profile Forms

UPDATED for changes to the Associated Persons requirements:

      • GST - Property Sale and Purchase Checklist
      • Purchase of Land - Tax Consequences Training Guide
      • Sale of Land - Tax Consequences Training Guide
      • Sale of Land - Tax Consequences Flowchart
      • Sale of Land Checklist
      • Purchase of Land Checklist

NEW Business Forward Issue 42
A Business Development style newsletter for you to send to your clients. Please note that the Content Update will place this issue of Business Forward into your Knowledge Base. Your Administrator has probably already established a Sub-Category in the Knowledge Base, called Business Forward. Your Administrator will need to move issue 42 of the newsletter into this sub-category. This will ensure you and everyone in your team can find it quickly and easily

HotSpot:

Client Development - January 2010
We’ve now launched the programme for 2010 and will send you regular updates to let you know what’s scheduled in the next few months. 

January/February

      • 21 January:    Invoicing Setup (partners and administrators should attend together)
      • 27 January:   Trust Administration (for accounting technicians and administration team members)
      • 3 February:    Trust Risk Reviews (for partners and administration team members)
      • 10 February:  New Clients (for partners, office managers and practice managers)

Click here to book online

Back to Top

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