Our goal at Armstrong Hotchin & Co. is to provide effective accounting, tax compliance and business consultation services designed to enhance, protect and grow your business.
We aim to tailor solutions to your specific needs and budget.
We aim to make you better off for having engaged our services.
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We undertake to keep your information private from casual enquirers, other clients and anyone who does not have a legal right to the information. We do release information to certain agencies including Inland Revenue Dept and Accident Compensation Corp and others as indicated in our Terms of Engagement as part of our agency relationship with you. If you wish us to share information with other parties (such as banks and financiers) then please ensure we receive written authorisation from yourselves to do so.
are about People.
** BEST START Tax Credit for children born on or after 1 July 2018
You will receive $60 a week until the child turns 1.
** IRD's Use of Money Interest Rates -
IRD's interest rates on tax have gone UP for interest CHARGED to you on underpaid tax and DOWN for interest PAID to you on overpaid tax.
** IRD is moving on from cheques -
From 1 March 2020, Inland Revenue will no longer be accepting cheques if customers have an alternative payment option available. This includes post-dated cheques (cheques dated after 1 March 2020).
LEGISLATION UPDATE: AML/CFT
Changes to New Zealand's Anti-Money Laundering and Countering Financing of Terrorism Act 2009 came into force on 1 October 2018.
The purpose of the law reflects New Zealand’s commitment to the international initiative to counter the impact that criminal activity has on people and economies within the global community. Under this law tax advisors and accountants must assess the risk faced from the actions of money launderers and people who finance terrorism and to identify potentially suspicious activity.
To make that assessment and comply with the Act, we are now required to carry out customer due diligence (CDD), which includes verifying the identity and address information of each of our clients. We will need to obtain and verify certain information from you to meet these legal requirements. This information includes:
your full name; and
your date of birth; and
If you are seeing us about company or trust business, we will need information about the company or trust including the people associated with it (such as directors and shareholders, trustees and beneficiaries).
We may also need to ask you for further information, such as the nature and purpose of the proposed work you are asking us to do for you. Information confirming the source of funds for a transaction may also be necessary to meet the legal requirements.
Our firm is a reporting entity under this law. We are in breach of the law if we supply services to someone whose identity we cannot verify, and we will require this information prior to carrying out instructions. READ FURTHER UNDER "CURRENT TIPS" TAB.