April 2021 Tax Changes

ACC Earner Levy Threshold – There are no changes to the ACC Earner Levy Threshold this year. Student Loan Threshold – The Student Loan Threshold has increased to $20, 280 and the required deduction remains at 12%. New Top Tax Rate – A new Main Tax Rate of 39% takes effect from $180,000. New Extra […]

Covid19 – Information from IRD re Tax Implications of the Wage Subsidy

Your COVID-19 questions Please ensure you keep up to date with clarification about the changes we are implementing to respond to the COVID-19 event please review all information here  Large employers with questions about accessing the wage subsidy should visit: https://www.workandincome.govt.nz/products/a-z-benefits/covid-19-largeemployers.html Wage and Leave Subsidies   Inland Revenue would strongly encourage employers to pass the wage […]

Covid 19 – Paying your Staff, Kiwisaver, Casual Holiday Pay

Paying your staff If you are receiving the COVID-19 Wage Subsidy, you must try your hardest to pay the employee named in your application, at least 80% of their usual wages. If that isn’t possible, you need to pay at least the subsidy rate (ie, full-time or part-time). If your employee’s usual wages are less […]

Covid19 – My pay is normally less than $350 per week

If you have part-time staff that normally get paid less than $350 dollars a week, then all you pay each week is their normal pay at 100%. For example, John works part-time and earns only $200 per week.  You have received $350 in subsidy for him but in this case, you would pay John $200 […]

Ezypay – Week 1 Roundup

Well, it is good to have made it to Friday pretty well unscathed, but we expect the next couple of weeks will be very different as the Subsidy Payments kick in so we will try and cover off how we are going to handle everything from Monday, but we are all on this, ever-changing journey, […]

Covid19 – Recent Communication from the MSD

Please see below the latest communication from the Ministry of Social Development regarding the Leave and Wage Subsidy Payments.  Also, note they have a specific e-mail address for queries regarding the Subsidies – RRT_Canty@msd.govt.nz It would be really good if you could pass on any information you source from them regarding the Subsidy Payments. MSD […]