Looking for the perfect Christmas gift for the person who has everything?Thu, Dec 21st, 2017
Looking for the perfect Christmas gift for the person who has everything or maybe you're the person who always gives money or vouchers. Think again – you might want to give bitcoin instead. It could pose problems for you if you like putting it in the traditional envelope under the tree. However if this year's Christmas dinner talk gets a little heated over the recent power handouts you might like to calm it with raising the subject of bitcoin – so if you want to sound a little knowledgeable this is some things you need to know.
A digital wallet is the first thing you need in order to buy bitcoin. It doesn't come in leather or vinyl but is usually a physical memory stick which looks like a USB stick, or some people have a cloud wallet. Your digital wallet has to be kept safe because if you lose it through cyber hacking or you forget the passwords then your bit coins are lost forever.
Once you've got your wallet you go online to a bitcoin exchange Kiwi coin is the only NZ licenced bitcoin exchange and purchase your bit coin. You can buy bitcoin in fractions – you can purchase milli-bitcoin, micro bitcoin or a satoshi which is a one hundred millionth of a single bitcoin.
Bitcoin is a cryptocurrency and the best explanation I have read is that:
Bitcoin was invented as a peer to peer system for online payments that didn't need to have a trusted central authority. Since anything digital can be copied over and over again the hard part about implementing a digital system is making sure that nobody spends the same money more than once. Traditionally this has been done by having a central authority like Paypal that verifies all of the transactions. The innovation that makes Bitcoin special is that it uses consensus in a massive peer to peer network to verify transactions. This results in a system where payments are non reversible and accounts cannot be frozen.
Bitcoins come about by computer geeks (miners) solving a computational problem which allows then to chain together blocks of transactions.
If you are interested in more information check out Bitcoin academy https://bitcoinacade.my/webinar/?ref=4093e2.
Remember that in ancient times we had gold and silver that was valuable then we added paper to get the notes that we use today...
Merry Christmas and a Happy New Year!
Franchise Association of New ZealandMon, May 29th, 2017
Connect2 Chartered Accountants are proud to announce that we are now affiliate members of the Franchise Association of New Zealand.
What does that mean for you? This allows Connect2 Chartered Accountants to give both franchisee or franchiser owners, specialised business and accounting advice. We also work with other business professionals who are affiliates of the Franchise Association to ensure you are getting the best advice as franchise accounting is a specialised area.
This is great news for our current and potential clients who are either considering purchasing or selling a franchise or even had the thought of franchising their current business operations.
We promise that we will work alongside you from initial setup, the accounting package, reports and giving you non-stop support. We can assist with in-house accounting and business services if you want to have more hands on role in the business.
We want you to succeed, so we will have regular performance meetings and reports to back you and your business.
MYOB PortalTue, Apr 18th, 2017
First initial thoughts when you hear the word 'Portal' is something like a Vortex or Doctor Who Tardis but sorry in this case it is not. The Portal is a product of MYOB to decrease or eliminate the paperwork.
So, you are probably asking yourself "How does this benefit you?"
Well good question.
The Portal is a tool where accountants, clients, lawyers, bankers and business professionals are able to send secure documents like financial statements, cashflows and tax returns through the Portal via the Internet. You have your own unique login to the Portal and can only access information sent to you directly. I will outline a couple of examples to show when and how the Portal will benefit you as a client.
First example: We send you your client questionnaire by the Portal. You can then fill it in and send back to us without printing and signing. All you need to do is a digital signature by ticking the appropriate box. Another great thing of the Portal is that you can also send us your accounting records.
Another example is that we can send your financial statements and tax returns to you via the Portal. We can even send it to your banker and lawyers when they require a copy, so no delays, all real time and secure. The exciting part is when we send your tax returns for signing through the Portal, you don't need to physically sign the returns. When you accept and sign the tax return by ticking the appropriate box this will print a disclaimer at the bottom to state that by ticking the box you accept and digitally sign the tax return. Best news is that IRD accepts signing of tax returns with digital signatures!
With IRD now focusing on filing GST returns online, and the acceptance of digital signatures, our next step is going forward for our clients that we prepare GST returns for, we will be sending your GST returns and GST reports via the Portal for you to digitally sign and return GST records through the Portal.
Connect2 Chartered Accountants is moving towards a paperless office and will improve efficiency within the office and the Portal is one of the tools that will allow us to do this.
The Portal is a user-friendly system. You will receive an email on how to setup your own Portal account with step by step instructions. We understand you might have questions and queries regarding the Portal and Connect2 Chartered Accountants team is available to answer any questions you might have and assist you with the Portal setup.
Click the link below to watch a brief video on the Portal
Author: Teresa Long
Change is in the airThu, Feb 16th, 2017
To better reflect our core values, abc Services has embarked on a name and branding change.
Still the same people, still the same great service. We look forward to our continued relationship with our clients under our new name and new brand.