Redundancy Tax Credits

The entitlement to a redundancy tax credit was due to expire on March 31, 2011 but it has been extended to September 30. 2011. If an employee is made redundant they are entitled to receive the redundancy tax credit of 6% for the first $60,000. ( i.e a maximum of $3,600.) To claim the rebate […]

Earthquake Tax Changes

After the September and March earthquakes some companies paid their employees an ex gratia payment to help them over this unsettling period.  Originally, the IRD deemed the payments were taxable but tax changes have been introduced to respectively fix this.  This applies to any payments made within 8 weeks of either earthquakes ( some conditions do apply) […]

The Christchurch Earthquake – how we survived.

A number of client’s have asked us how we managed to get operational again so quickly when compared to other CBD based businesses which were not so lucky, so I thought the best way would be to outline what we put in place after the first earthquake that we were able to put into operation after the […]