Hello to all our KTS Clients,
In this months update we have:
- News about a change to the operating system within KTS.
- Changes to the tax system from the 31st July 2024.
- Information on hiring older employees.
- Info for our Clients who are Landlords.
We trust you will find this update informative and helpful.
A Notice from the KTS Office
After many years of using MYOB as the accounting system for KTS, we have recently made the change to Xero for the operating system within the practice.
As a company KTS feels that this will give us and our clients better choices moving forward and enable us to be more innovative with on-line options.
How will this affect Clients?
- Firstly, the invoices that we send you will look slightly different, you may have already noticed that.
- Changing to Xero enables us to move to a more on-line system, including the filing of income tax returns, receipt of financial statements and electronic signing of both income tax returns and financial statements.
- The Xero invoices that we sent to you give an option to pay directly from the invoice if you wish too. This links you to the on-line payment system on the KTS website.
For Clients that are on Xero
Many of our Clients are already using Xero, this change by KTS will enable us to have direct connection with your Xero file which will mean that transactions will be smoother and more seamless.
For Clients that are on MYOB
Many of our Clients are using MYOB essentials, we wish to assure you that this change will not affect the way that we work with you.
You can continue using MYOB, we are competent and experienced in working with MYOB and there will be no issues or problems.
If you are an MYOB Client and wish to change to Xero
If you are an MYOB client and are interested in a shift to Xero, please contact us for an invite from KTS to the Xero system, just click on the link in the invite, and follow the instructions. KTS will pay your subscription cost if you decide to join Xero.
The contact to join Xero or for other queries is Jasmine.
Email – jasmine@kts.co.nz
Phone – 09 4129902 ext. 8
If you require any further information or have any concerns, please reach out to us at KTS.
Personal income tax thresholds changing
If you employ people in your business, make sure you are aware of changes to income tax thresholds from 31st July, 2024.
The Government is making changes to personal income tax thresholds from 31 July, 2024. These changes will affect your business if you are an employer.
Older Worker Employment
As the population ages and more people work later in life, New Zealand’s workforce will include more people aged over 50.
Businesses can benefit from employing older people because they bring a strong work ethic, positive attitude and can boost workplace productivity by passing on important skills and knowledge to your team.
Is your rental ready for healthy home standards?
Landlords, did you know that all rental properties have to meet healthy home standards by 1st July 2025?
If your rental hasn’t had to meet the standards yet, now’s the time to plan the work you need to do.