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
Message from Viv

Content Update Highlights

The Content Update 67 has been released and is ready for your administrator to download.  This Content Update includes:

UPDATED Livestock Workpapers
We've updated the livestock workpapers, along with the livestock valuation reports, script and letter for your clients.  There are minor changes to the farming client questionnaires, which you'll now also find linked to the livestock workpapers.

UPDATED Electronic Workpapers
We've also updated the following workpapers, based on suggestions received from clients:

        • Electronic Workpapers
        • Electronic Workpapers Static
        • Electronic Workpapers Livestock

Electronic Workpapers Farming have been incorporated into the integrated and static workpapers.  And of course we've updated the Administration Setup guide consistent with changes to the workpapers.

For the changes in detail, your Administrator has a copy of the content update log.

UPDATED Rates and Dates
Content on the following has been updated with the 2010 thresholds and allowances:

        • ACC, including information on ACC online services
        • Working for Families
        • Rates and Thresholds Table

UPDATED Company Administration
Company Administration - Directors' Appointments has been updated.

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Message from Viv

ACC and Your Firm’s Registration as online agent
Just a reminder that several of our clients have already registered as online agents for ACC purposes, many are already providing a structured ACC Administration and Advisory service to clients, others in anticipation of doing just that. In view of the fact that ACC have recently written to many of your clients and proactively suggested they consider Cover Plus Extra, maybe now is a great time to be even more proactive and offer your clients a much appreciated full ACC service.

GST Rate Increase following from Budget 2010
In the days following this year’s budget, clients have asked that we provide two particular pieces of content. Firstly, a GST Alert newsletter, heralding in the broadest sense the issues to consider following on from the GST rate increase, and secondly a well structured and defined GST Checklist that firms can use to formally engage clients in a review of all relevant issues in advance of 1 October this year.

And we’re doing just that. We aim to publish very soon both a newsletter and GST Review checklist, covering the essential marketing, pricing, systems, compliance and documentation resulting from the increase.

By the way, we believe you should separate broadcasting general concepts (for example in a GST newsletter) from the provision of detailed and specific advice, administered often on a client by client basis. It’s so easy to give your intellectual property away. Often when you do this, everybody loses. Many of your clients aren’t great at self-diagnosis.

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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