Not very! The chances of me ever having a work related injury at the office is pretty slim. If I did, its very very likely that any injury I sustain will by viewed by ACC as a degenerative issue. They won't pay out on that, yet they are quick to take my money year [...]
Changes to the Tax Residency Rules as they apply to individuals has become clear with the application of the rulings set out in a recent case, CIR (Commissioner of IRD) vs Diamond: An individual is a tax resident here in NZ if you have a permanent place of abode here in NZ. It must be [...]
I cannot believe we have been in our new premises for nearly a year! I would like to take this opportunity to thank all my existing clients for their support. We trust our move to new premises painless. I am certainly happy to get my home back! The IRD have been pretty quiet in [...]
Fringe benefit tax (FBT) doesn't apply on days where a motor vehicle qualifies to be a work-related vehicle. To qualify, all of the following conditions must be met: the principal design of the vehicle isn't for carrying passengers the exterior of the vehicle permanently and prominently displays business signage you notify employees in writing that [...]
If you pay your employee a lower salary in exchange for them using a company vehicle for their private use, this will affect their Working for Families Tax Credits entitlements and student loan obligations as the salary reduction is treated as part of their income. You should make sure your employees are aware of this [...]
The entertainment expense rules limit tax deductions for certain types of expenses to 50% of the cost. One type of expense covered is the expense of providing food and drink off business premises. This means that spending on things like chocolates or a bottle of wine to give as gifts to customers, clients or suppliers [...]
You play an important role in helping your employees save for their retirement. To help you get it right for you and your employees, we've created a summary of what you need to do. Make KiwiSaver available to all eligible employees You must provide KiwiSaver information to all new employees who are eligible to join. [...]
The IRD are continuing their focus on the hidden economy and undeclared cash. undeclared cash is a crime. Earlier this year, the IRD ran a campaign targeting the construction sector in Auckland and Queenstown with direct mail and advertising. Their latest advertising campaign will run from mid-September to mid-November, focussing on Auckland and Christchurch, continuing [...]
