PKF POUTSMA LEMON LIMITED

You are invited to a FREE Xero "Breakfast Club"
Online Accounting at its Best!

Why attend?

• Lets share our knowledge and Tips on Xero
• Business networking
• An overview of how Xero works

Who should attend?

• Existing Xero users willing to share and learn
• All business owners who have heard about Xero and are interested to know more
• ALL are welcome, NOT limited to PKF clients

When   Kerikeri Office, First Floor, 9 Hobson Avenue, Kerikeri
             Tuesday 4th June 2013 at 8.00am

Cost:   FREE - Coffee and Light Breakfast provided

Register now to avoid disappointment, limited seats ONLY.

Register: Contact Janine or Leanne at our Kerikeri Office (09) 407 7142
                 or Haidee at our Paihia Office (09) 402 7926

Visit Xero at www.xero.com  and try it for free.

 

 

 

 

 

Did you know that if you have an employee carrying out the day-to-day running of your business then your Personal ACC Classification Rate does not need to be that of your business.  This applies to Cover Plus Extra and Cover Plus clients.

For further information please contact either PKF Poutsma Lemon Limited Kerikeri Office 09 4077142 or Paihia Office 09 4027926.

PROPOSED COMPANY LAW CHANGES

Director Residency Requirements
Under likely upcoming changes to New Zealand company law, it is likely that every New Zealand incorporated company must have:

• a director who lives in New Zealand (doesn't need to be a citizen), or
• a director who is also a director of a company incorporated in, and who also lives in, a country with which New Zealand has reciprocal enforcement arrangements for low-level fines – initially, this may be limited to Australia i.e. so a director of a company incorporated in New Zealand will satisfy the requirements if they live in Australia. For companies incorporated in New Zealand where no director lives in New Zealand or Australia, a director who meets those requirements will need to be appointed.

Companies that are already incorporated will have 6 months within which to comply with the new requirements. Non-compliance at the end of that period will be grounds for the Registrar to remove the company from the register.

Other requirements - information
Under the likely upcoming changes:

• in addition to the current requirement to provide their residential address, every director must, at the time of appointment, provide their date and place of birth. This will be held by the Registrar of Companies, but will not be publicly available. Existing directors will need to provide this information in a manner still to be determined by the Registrar;
• on registration and within 20 working days of any change, every company must disclose the name of any ultimate holding company, the country of registration, the registration number or code (if any) and the address for service. These details will be publicly available. Existing companies will need to provide this information in a manner still to be determined by the Registrar.

There are likely to be penalty provisions for failure to comply with these information requirements.

 

We look forward to sharing with you our blogs - about the Bay of Islands, about our website, about our firm.