For those of you who have earnt over the threshold of $111,669 from one source of income for the 2012 tax year, you may be due a refund. Any earnings over this amount are not liable for the ACC levy which is part of your PAYE deduction taken each payday. The levy for the 2012 […]
Did you know the average Kiwi has to work 123 days to pay their taxes. Tuesday the 3rd of May is when we start working for ourselves and not for the Government. We compare poorly against Australia who have a Tax Freedom Day of April 19th but are leaps ahead of Norway with their Tax […]
From 01 April 2010 any employees using a secondary tax code that expect their income from all sources to be less than $14,000 per year, can utilise the new tax code SB, this tax code deducts PAYE at a rate of 12.5%
We have been fielding a large number of calls lately and one common question seems to be how we handle PAYE payments as a number of bureaus are taking the Gross pay from their clients, hanging onto the money, and then paying the IRD when due. Our preference is that you, the client, handles the […]
The PAYE for primary employment is – 14.2 % on income up to $14,000, plus – 22.7% on income over $14,000 up to $48,000, plus – 34.7% on income over $48,000 up to $70,000, plus – 39.7% on income over $70,000 up to $106,473. Income over $106,473 is taxed at 38% as this is the […]
Yes we can ensure the payment for your PAYE is completed on time. We need to be handling the DC file for you in order to do this. We do charge a separate fee for this service.