The NZ Institute of Chartered Accountants requires us to have on file a signed completed Client Questionnaire.

These will assist you when compiling your financial information for us. Please ensure that you supply us with accurate records and information, as the IRD penalties regime is harsh, even for innocent errors.

There are four questionnaires available –Business, Individual, Trust and LAQC/Rental Property. Please click on the links and fill out the questionnaires that apply to your taxation situation and give them to us with your records.

In preparation for year-end please note that to claim a tax deduction for any bad or potentially bad debts, the debts must be actually written off your debtors records on or before 31 March 2010.

Please remember to enclose copies of receipts for donations and childcare. Donations can be claimed up to the level of your taxable income.

If you would prefer us to mail you questionnaires, or have us email them to you rather than you printing them from our website, please email mailbox@curtismclean.co.nz . We look forward to seeing you when you bring in your records.

• Thursday 14 May 2009 - Presentation and social function 4.30pm
• Wednesday 20 May 2009 - Applications close at 5.00pm SHARP
• Week of 25-29 May - Interviews commence including personality profiling and IQ testing by Cerno Limited for short-listed candidates.

Our process begins with the presentation on Thursday 14 May 2009. This presentation includes a brief presentation (15 minutes) from the partners and a recent grad who has been there, done that.

Then meet our young team over refreshments. If you’re interested in a position with us, it is CRITICAL that you attend this function as our whole team decides who we will interview after meeting you. Only in exceptional circumstances will you be considered without attending this presentation! Your personality is more important to us than your marks!!!

The presentation is at our premises as follows:

Curtis McLean Limited Level 7, 234 Wakefield Street Wellington (above The Lanes Bowling Lounge)

Date: Thursday 14 May 2009

Time: 4.30pm SHARP

If you are a Victoria Universtity Student Book on CareerHub NOW! (Use your Student Computing Account Login.  Go to Events (Employer Presentations) panel on the right)

If you are not a VUW Student please RSVP to Lynda on 384 5609 or Lynda@curtismclean.co.nz

Applications including CV, covering letter and application form to be received by 5pm Wednesday 20 May 2009 by post or email to - remember you are not likely to be considered unless you attend the above presentation!

Graduate Accounting Position

Paul Pettit

Director

Curtis McLean Ltd

PO Box 2293

Wellington

paul@curtismclean.co.nz

Please find below our questionnaires to compile your information.

If you’re unsure which one to use please contact your Curtis McLean advisor.

Business and Trading Trusts

Family Trusts

Individuals

Rental Property and LAQC

From the start of the 2008/09 income year, the income tax rate for companies was lowered from 33% to 30%. Unfortunately the rate of tax on dividends was not reduced to 30% and still remains at 33%.

There is a transition period up to 31st March 2010, during which time you are able to continue imputing dividends at the old rate of 33% to allow you to use up any imputation credits that relate to company income tax at 33%.

To take full use of the transition period please contact us and we will review the level of dividends you should be paying prior to 31st March 2010.

Once these transitional imputation credits are used up, companies will be required to deduct RWT from dividends to cover the difference between imputation credits at the new company income tax rate (30%) and the RWT rate payable on dividends (33%).

The RWT payable on dividends is required to be paid to IRD on the 20th of the month following payment of the dividend.

You will not need to specifically register in advance as a payer of RWT on dividends. IRD will automatically register you when you submit your payment.

If we currently complete your dividend documentation for you we will calculate when you need to start deducting RWT on dividends, complete all the necessary paperwork associated with these changes and advise the amount of tax to pay.

If you complete your own dividend documentation please contact us if are unsure how these changes may affect you and when you will be liable to deduct RWT on dividends you are paying.

If you have any queries at all regarding the above changes please contact your Curtis Mclean adviser.

Business and Trading Trusts Questionnaire

Family Trusts

Individual tax return

Rental Property or LAQC

The number of provisional tax instalments will depend on the option you use to calculate your provisional tax payments and your GST filing frequency.

There will be a new option, called the ratio option, for calculating your provisional tax payments if you qualify.  The ratio option is based on a percentage of your GST taxable supplies so it’ll reflect your cash flow. It’s designed to benefit small to medium-sized businesses but will not suit all businesses.
You can use the ratio option, if you meet all of the following criteria:

• you’ve been in business and GST-registered for all of the previous income year, and part of the income year prior to that
• your residual income tax (RIT) for the previous year is greater than $2500 and up to $150,000
• you file your GST returns monthly or two-monthly
• the business you’re operating is not a partnership
• your ratio percentage is between 0% and 100% (we’ll let you know if it’s not).

If you would like to use the ratio option for the next financial year please contact us.