ACC Announces Changes to Support Business Owners
As business owners focus more on cash flow management and finding ways to get through this challenging period, ACC has now come to the party announcing changes to support businesses...
In addition to delaying invoicing by three months, ACC has created a dedicated website page here with information to help customers better prepare for the invoicing period and understand the options available.
In October and November, ACC will be sending out annual invoices which would have normally sent in July. The decision to delay these invoices for three months is to help relieve the immediate financial impact felt by many businesses this year.
To improve the accuracy of invoices, it's important that your details are up to date so this month you or your accountant will be contacted by ACC if you need to take action, or update your account accordingly.
You can now also request to receive all future invoices and ACC communication by email. Simply log in to MyACC for Business and verify your email to make this request.Your invoice will be emailed to you and available for download once it has been issued.
Updating Liable Payroll Earnings for 2020/21
Between now and October, ACC is encouraging all businesses to update their liable payroll for 2020/21 to ensure your provisional invoice best reflects your expectations for the year ahead.
If, for any reason, your company's performance is different to your estimate then this will be reflected in your invoice next year.
You can also update your liable payroll in MyACC for business here.
And don't forget, if you need any help at all with your ACC compliancy or other accounting tasks then please contact your Rural Accountants client manager.
As a farmer, Christine understands our business and how farmers and growers operate.
We use Rural Accountants to provide a full accounting service to an orcharding partnership which operates a number of orchards with a wide spread of varieties and management systems. Rural Accountants are always timely and accurate, and their annual financial accounts are extremely easy to understand and very grower-friendly.
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The team at Rural Accountants pretty much manage all our administrative tasks for the group including payroll and tax planning, ensuring we don’t pay any more than necessary. They are at the forefront of technology and have helped us get up and running with Xero and Figured which is much more efficient than the way we used to work.
Christine is very knowledgeable, great to deal with and knows our business well. She is also a sheep & beef farmer so knows the industry really well and understands our needs.
Rural Accountants keeps us on track through strategic and forward planning meetings throughout the year. Christine knows our business inside out so she can deal with our questions instantly.
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I used to work out my GST and process it manually which would take me at least a full day every two months. Angelina then set up reconcilliations rules and other quick tools, and showed me how to do all my reconcilliations and process my GST returns through Xero which now takes me no time at all!