Tag: accounting

Accounting Body Calls for Simplicity in New Property Tax Rules

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During its oral submission to the Finance and Expenditure Committee earlier this week, Chartered Accountants Australia and New Zealand (CA ANZ) urged the government to resolve the complexities brought on by the new tax laws related to the bright-line test. The accounting body recently surveyed 361 of its members and…

NZ Interest Rate Hiked to Stem Inflation

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The Reserve Bank of New Zealand (RBNZ) has raised the official cash rate (OCR) by 25 basis points to 0.75%. This is the second time in two months that the central bank has raised interest rates in an effort to curb inflationary pressures. This is amid the easing of pandemic…

Cryptocurrency Scams Targeting Millennials

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Crypto scams are now on the rise, with scammers seemingly setting their sights on younger demographics. A recent press release from Consumer NZ highlighted the case of a tax accountant in Auckland who lost $100,000 to such a scheme. The woman identified as Rachel was approached through a dating site.…

HP New Zealand Reports Increase in Cybersecurity Attacks On SMBs

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The 2021 HP New Zealand IT Security Survey has found that small businesses have this year suffered double the amount of cyberattacks as in 2018. Despite growing investment in IT security in recent years, small businesses have endured additional costs associated with the attacks. The average cost for each attack…

Accountants for Zero Emissions

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The impacts of climate change are affecting the world already and is expected to worsen if not combated. As a result, many companies have started looking to turn green. Although initially it can be confusing where to start, accounting bodies are following suit. Chartered Accountants Australia and New Zealand (CA…
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Accountant Jailed For Theft

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A New Zealand accountant was recently jailed for theft. A small clothing label by the name of Bettie Monroe was bleeding money and they didn’t even know it. For many years, the joint clothing boutique business was suffering at the hands of someone they trusted. The accountant, Roopa Patel was…