Hello to all our clients,
We have just passed the half way mark for the year, time passes by real quickly.
Welcome to the July 2026 update, we trust that it will be helpful and informative in your businesses and financial affairs.
Read on to find out:
Information from the KTS office
Getting your financial records to us
This is a friendly reminder to send us your financial information for the year ended 31 March 2026 as soon as possible.
We work on a ‘first in, first served’ basis so the sooner we receive your records, the sooner we can complete your accounts.
Questionnaire
We also require all clients to fill out and sign the questionnaire form.
This is to ensure that you include all the relevant information that we need to complete your financial statements and when signed, gives KTS permission to work on your accounts.
The questionnaire is on the KTS website and below is the link to the 2026 questionnaire.
For those clients who are sending us their records from previous financial years, we still require you to complete the questionnaire.
Click on the below link to questionnaires, scroll down and choose which financial year end you require.
Other updates of interest to clients
Maintain the integrity of a family trust
Managing a family trust requires a clear distinction between your role as a trustee and your status as a beneficiary.
While beneficiaries can certainly receive income from a trust, they must always act through the formal authority of the trustees to ensure the entity remains compliant and protected.
To ensure your trust remains fully compliant and protected, there are several essential practices to follow. Read more below.
Strategies for managing emails
Many of us receive hundreds of emails over a short period of time.
Managing them is a bit like housework: if you neglect it, the clutter can quickly build up.
You can work more efficiently with email by keeping context intact, choosing recipients carefully, and making messages easy to skim.
Check subscriptions to contain costs
Rising costs are prompting many businesses to take a closer look at their online subscriptions – and the savings can be significant.
From software platforms to media services, monthly charges can quietly add up, especially when tools are no longer being fully used.
A quick audit of subscriptions is a simple way to cut unnecessary spending and improve cashflow.
In a tight economic climate, small savings across multiple services can make a meaningful difference to the bottom line and support long-term financial stability and smarter budgeting decisions.
Quote accurately, quote quickly
The need for speed and precision
When someone asks for a price for a job, don’t delay.
They have already decided they want the work done, so help them choose you by being prompt.
Remember the slogan “money loves speed”. However, never rush complex jobs; give yourself time to assess labour, materials, and potential risks.
While a quick response wins the job, an accurate one ensures you remain profitable.
Sick Leave
At this time of year, we often see an increase in sickness and seasonal illness.
If your employees are sick, encourage them to stay home.
It will give them a chance to recover, and it will prevent other people from getting sick.
Knowing what to do when one of your staff gets sick, what they’re entitled to, and how to manage sick leave is important for any business.
