Hello to all our clients,
We have some great news this month for all clients who are transitioning from MYOB to Xero, and also for those clients who are needing assistance and training in using Xero.
Also lots of interesting articles that we trust will be helpful and informative in your businesses and financial affairs.
Read on to find out:
Welcome to the June 2026 update.
Information from the KTS office
Xero Assistance
As most of our clients will probably know, KTS has changed their financial data base from MYOB to Xero.
As a result, many clients have followed and changed to Xero also.
Some clients have experienced difficulties and hurdles, both in transitioning from MYOB to Xero, and also there are some clients needing assistance in using Xero effectively.
We have good news!
KTS has taken on the services of Sarah Houchen.
Sarah is an independent bookkeeper who works with KTS on a contractual basis.
She not only handles the GST monthly, but she also happens to be an expert in Xero !
The services Sarah (on behalf of KTS) offers to the KTS clients:
- Transitioning from MYOB to Xero – Assisting with the transitioning process and the setting up of Xero on your system
- Guiding clients on the use of Xero. – Help and assistance in using Xero.
- Offering guidance and training on how to use Xero effectively. Working out the issues that you currently have using Xero.
- General bookkeeping Work. – Working with clients to prepare their accounts for KTS to complete annual financial statements
For more information on how Sarah can assist – click here.
Tax Due on the 28th June 2026
- GST for the period ending 31st May 2026
All clients should have had received notification from KTS for GST. If you haven’t received the notifications, please contact Jasmine our office Manager
Other updates of interest to clients
E-invoicing is not emailing a PDF
Over 50,000 New Zealand businesses, including government, have made the shift to eInvoicing. Before long it will become the new standard.
For most businesses, getting set up only takes a few minutes and can lead to faster payment, reduced errors and delays, and better protection against invoice fraud.
Find out how to send or receive eInvoices (not PDFs) to reduce admin, improve accuracy and security, and help get paid faster.
Key changes to Kiwisaver
Significant updates to KiwiSaver have rolled out over the past year.
This is a summary of the changes from 1st July 2025, 1st April 2026 and the changes due on the 1st April 2028
This is what you need to know about your contributions and government “top-ups.”
PAYE – it was never your money
Inland Revenue’s recent alert (RA 26/01) clarifies a critical distinction with PAYE:
PAYE is not a standard business bill.
Because these funds are deducted from employee wages, the IRD views them as money held “in trust” for the Crown. Using these funds to cover other business costs is now viewed as misappropriation, not just a late payment.
IRD is moving away from just use of money interest and penalties (late payment and shortfall), and toward criminal prosecution for those initially using PAYE as an interest-free loan.
Manage your tenant bonds online
This is good news for those of our clients who are Landlords.
You can now manage your tenancy bonds online for faster processing.
You can lodge, top up and track in one place, with refunds and tenancy changes also going digital from 29 June 2026.
Tenancy services are currently making changes to their tenancy bond services.
These involve moving the services online and making technical improvements, including integration with property management software.
Making it right
When you make a business mistake act quickly.
Don’t assume it won’t be noticed.
Avoid excuses; Honesty and a straightforward apology demonstrate professionalism and preserve your credibility.
A mistake is an opportunity to strengthen a relationship. Customers remember the quality of your recovery more than the original problem.
