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Welcome to our September Newsletter. 

We hope that these continue to be informative and keep you up to date with what is happening.

What some people are saying about Xero:
Apparently Xero scored the highest ranking against other software such as:
MoneyWorks Express, MYOB AccountRight Standard v19 (also known as MYOB Accounting),
Quickbooks Accounting, Saasu and Simply Accounting

And for a consultants 'unbiased' view.
The hunt is over. We're happily awarding the New Zealand-based Xero an A+ and
our seal of approval for their impressive all-in-one accounting solution.
Thinking about a more efficient accounting package...
We (at Craig Periam Limited) recommend Xero 
The benefits of Xero are:
  • All enhancements and upgrades are free.
  • Your accounts are available from any computer with a broadband connection.
  • Access is safe and security of data is guaranteed by Xero.
  • We can help you setup and import key information (for example: contacts, stock item list, and open invoices from existing accounting packages such as MYOB).
  • Support can be provided by us or through the extensive online help provided by Xero.
  • As a Xero partner we can also offer a cashbook version of Xero at a special rate.

Some additional reading to ease the wet nights:
This newsletter provides some insight into two documents which provide some valuable background information.

The September Wilco newsletter features:
  • Benefits and pitfalls of using the trial period in hiring new staff
  • Changes to the student loan scheme
  • IRD benchmark figures
  • How optimistic are New Zealand businesses?

Click here if you are interested

For farmers
- an update of livestock valuations - click on Wilco Livestock Valuations
ACC updates:

At a time of government 'fat trimming' it's nice to hear the word surplus.  ACC has made a miraculous turnaround from several years ago, as a result of reduced management costs and drastic improvements in rehabilitation rates thus also resulting in 20% less people on long-term compensation. 

New ACC invoice design
If you receive one of the 600,000 invoices ACC sends to levy payers every year, you'll notice something different in your mailbox this time around.

From the 2012/13 financial year onwards, ACC's business invoices will be produced in a new design. They have introduced colour coding, hopefully, making payment options easier to find. For more information on the new ACC invoice design, click here.

Look-through Company (LTC) owners may be liable to pay ACC levies
On 1 April 2011, Inland Revenue introduced a new structure called a Look-through Company (LTC) as one of the options available to replace the Loss Attributing Qualifying Company (LAQC).

LTC owners may become liable to pay ACC levies, depending on their status. Owners may also be eligible for compensation (up to 80% of the LTC liable income and other income) if they are injured and unable to work.

While this change should not effect most LTC owners, please feel free to contact us if you are concerned.

For more reading about the ACC and effects of the budget load down the September Wilco newsletter

All the best
Craig and the team