Hello and welcome to our June newsletter.  It's hard to believe that half the year has already gone!  We've turned up the heating in the office and, as always, look forward to seeing any clients who wish to pop in and see us with your information or queries you may have.  

In this newsletter we will be focusing on two big changes happening here at Tyler Price: our staff and our Portal.

New Staff

A very big thank you to all of you who have been recommending us to your family and friends.  In April/May we experienced an unprecedented surge in new clients joining us.  As a result, we have two new accountants joining our team:

Sarah O'Connell, a chartered accountant with over 7 years of business advisory services experience has already started with us. Sarah will be working 3 days per week.

Bryony Matthews, also a chartered accountant with 7 years' experience, will be starting with us at the end of July, initially working 2 days per week but extending her hours later in the year.

We will be taking this opportunity to re-balance the workloads among all of our accountants.  As your businesses grow or shrink, so does the work that we do for you – and from time to time we need to move some of you from your existing accountant to another accountant that has more capacity to look after you.  Please don't be concerned if you find yourself dealing with somebody new moving forward, as all of our lovely accountants are qualified and experienced and you will continue to receive the wonderful service that you have come to expect.

MYOB Portal

By now most of you will have received invitations to join our MYOB Portal.  Please take the time to not only accept the invitation, but to watch the brief video which explains what it is all about.

The MYOB Portal allows us to send a document to a client for digital signature, which is now legally binding. This eliminates the time needed to shuttle physical documents between us.

Another great benefit is that you can access the Portal (and therefore documents and tasks) wherever you happen to be, by using a smartphone or tablet. This will save you time and money as you won't have to contact us to send you the relevant information. It is also completely secure, which sadly, emails are increasingly not!

As each Portal must be set up individually, this exercise is taking a considerable amount of time.  So if you haven't received your invitation yet and your client code is towards the end of the alphabet, we haven't got to you yet!  Just keep an eye open for our invitation over the next couple of weeks.  If you have already received the invitation and have ignored it, please retrieve it and action it accordingly.

Once you have accepted the invitation, the Portal will provide a secure entry point for you to view, download and upload your financial information without the need to email files.  Information can only be viewed by logging in with the password set up when the invitation is accepted. For those of you who would like access to be given to other contributors, such as your PA's or bookkeepers, please be aware that those people will be able to view all documents in the Portal.  In these cases, we can set you up with an additional Portal with restricted access.  Please let us know if this is of interest to you.

Note that we will only be storing documents in the Portal moving forward – unless you specifically request us to up-load certain documents for your retrieval.  So initially there won't be anything in the Portal for you to view – but as we complete work for you, documents will be stored there.

Upcoming Tax Payments

For those of you who are registered for GST 2 monthly, your GST return for the period ending 31 May is due to be filed with Inland Revenue by 28 June 2016 .   If you haven't already done so, please send us your information ASAP so that we can get your return filed on time. Please call if you need any help or if you are unable to get your information to us.

On 28 August 2016 , both July GST returns and the first instalment of provisional tax for those of you not registered for GST or registered for GST on a 2 monthly basis will be due.  As always, we will send reminder notices to pay this provisional tax 3 weeks before the due date.  Please ensure that we have your correct email address to which to send these notices.

Those of you registered for GST 6 monthly who pay provisional tax: your first instalment isn't due until 28 October 2016 - so don't panic if you don't receive a notice in August.

Renting out your house or spare room?
 
We've noticed that many of you are now renting houses and rooms out through Bookabach and AirBNB.  Please be aware that this income may be taxable to you. If this is the case, then you will be able to claim certain expenses against this income.  Please give us a call if you have started, or are contemplating this, so we can advise you as to your potential tax liabilities and the records you will need to keep.

Thank you for taking the time to read our newsletter.  Please don't hesitate to contact us if you have any questions regarding the topics in this issue.