CCH Business Fitness Update 259 - March 2021
Accelerate April 2021 | Published March 2021
Help your clients work through how the new tax rate will affect their business. And help them grow their brand by improving customer experience:
- New 39% tax rate: what next?
- Meaningful client feedback (that doesn’t cost the earth)
- Your step-by-step guide to meaningful customer feedback
- Good communication = repeat customers = more profit
- Minimum Wage increase
- Tax Calendar – April 2021
COVID-19 Business Support update | Published March 2021
Update clients on COVID-19 relief measures for SME businesses. Support measures have been introduced, extended, or adjusted, sometimes repeatedly. This fact sheet gives an overview of where we’re up to.
Rates and Thresholds | Published March 2021
Update clients and remind your team of changes happening from 1 April:
- Rates and Thresholds Table
- Income tax rate
- Minimum wage
- FBT
- Working for Families
- Student Allowances and Loans
- Parental Leave
- ACC
Shareholder Remuneration Review | Published March 2021
Given the changes at 1 April some clients may be wanting to run through alternative scenarios with you. We’ve refreshed the shareholder remuneration content as you may find clients calling you wanting to discuss business restructuring. Work through a shareholder remuneration review with them. Ground clients in the commercial realities, fill them in on the background and highlight that Inland Revenue will be alert and interested in testing any arrangement’s “commercial and economic reality”.
COMPLIMENTARY WEBINARS
For a recording of 24th March Webinar CCH Workpapers – 2021 Updates – click here.
Check out our Resources page to catch up on recorded webinars you may have missed and see what’s coming up.
Browse webinars on how to manage core tasks with our webinar library.
TMNZ – make tax pooling and provisional tax easier
We've been working hard on making tax pooling and provisional tax easier.
One of the ways we’ve done that is in our latest dashboard update by reducing the work required from you and your client in order to manage provisional tax cashflow or remedy a missed payment.
Fewer steps to quote and present payment options
Once logged in simply click Get Quote and enter the liability of the taxpayer at step one and then create the desired payment arrangement at step two. If your client needs a range of payment options, including instalments, that is all done on the same screen. No more repeating the process to generate multiple options.
Arrangement status on the homepage
Once your client has confirmed an arrangement you can easily see their progress from their dashboard Activity Centre. Just select them from the account selector at the top of the dashboard and any arrangement in progress will be in the default view in the activity centre. The amount paid, amount due and due date load as default and this is easily exported, making status updates for clients easier and faster. The goal is to save you and your client valuable time.
Navigation is improved
The new Quick Links area has our most frequently used functions as your starting point in the middle of the screen. We also have the left hand menu available all the time as you progress through different actions.
The account selector is vastly improved. Your recently selected and pinned accounts will be displayed as you click in the input field. We’ve also made tabs for accounts, groups and tax firms to make things easier for those with a large number of linked accounts.
New support centre
Our new support centre at support.tmnz.co.nz is made to operate like a search engine. Simply type in your question and we’ll present the relevant support topics. The link to the support centre is in the left hand menu of the dashboard for ease of access.
To learn more, reach out to your TMNZ account Manager or book time for your team to get an overview here
We love hearing from you! Have any questions or feedback? Then drop us a line.
Need more information?
Contact the CCH Business Fitness team:
Phone 0800 10 58 60 Email nz-bfsupport@wolterskluwer.com
Office Address
PO Box 10391, Bayfair, Tauranga 3152
68 Paterson Street, Bayfair, Tauranga 3116