Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Agent status at Inland Revenue celebrated by bookkeepers

Agent status at Inland Revenue celebrated by bookkeepers

Announcement of new entity status at Inland Revenue recognises the value and status of the bookkeeping profession in New Zealand

Inland Revenue has recognised the increased engagement of bookkeepers in New Zealand by businesses and has taken steps to have Bookkeepers made a recognised entity, allowing for easier access for bookkeepers to work with IR on their client's affairs.

A ground breaking achievement for the profession, Royal Assent is complete, and legislation has just passed allowing New Zealand bookkeepers to become Bookkeeper Agents with Inland Revenue.

This new agent status allows a bookkeeper to link a client directly to their own agency without affecting an accountant's tax agent status with the client. With the addition of this access, bookkeepers are now able to file returns, communicate with Inland Revenue and see the status of each tax type, without the need to incur further time and costs to their client by liaising with third parties and accountants.

Bookkeepers in New Zealand are at the forefront of business, supporting them at a grass roots level, ensuring their systems and processes are robust and current, supplying insights into the accurate data with which clients make sound business decisions, as well as assisting businesses with their compliance obligations.

"Inland Revenue have recognised how important bookkeepers are." said Di Crawford-Errington, President of ICNZB. "The founding committee of the Institute of Certified NZ Bookkeepers (ICNZB) began the petition over eight years ago to educate the Inland Revenue on the valuable role bookkeepers play in the success of New Zealand businesses. That insight and hard work by the past and present Executive has finally paid off and we are excited that it will finally be easier to work with IR for our members."

At its inception, the ICNZB has been passionate about achieving this recognition with Inland Revenue and this desire has amplified over the years through many members of our executive committee. Upon being informed of the new status, founding secretary of ICNZB, Vivien Cowey states “I am extra proud that it happened this week as I know that our NZ Bookkeepers community have the culture that all New Zealanders have been seeking over the past few days - supportive, understanding, excepting of diversity and a lot of love for each other. This has made my week.”

Bookkeepers will be able to register as a Bookkeeper Agent from 26 April 2019 with one on one support being provided by Inland Revenue during this transition period.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>

Federated Farmers: NAIT Levy Increases Must Achieve Accurate, User-friendly System
Nobody welcomes extra costs but if OSPRI is to catch-up on under investment in the NAIT platform and deliver on its workability and farmer support, levy increases are probably necessary, Federated Farmers says... More>>

Westpac: More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 lockdown in 2020. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise in the index has largely been driven by perceptions... More>>

Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>

Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>