Not many changes this year and no change to the Holidays Act which is a blessing in my view as the proposed changes would do nothing to make the Legislation easier to comply with. ACC Earner LEVY Rate The ACC Earners Levy Rate has increased from $1.46 to $1.53. ACC Earner LEVY Threshold The maximum […]
Tag: student loans
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 […]
Tax Changes effective 01/04/2013
Tax Changes form April 1st, 2013
Student Loans – 10% bonus
Early repayments of $500 or more in any tax year off a student loan will earn a 10% bonus. In some cases it may be worth accepting the offer. However, don’t overlook the time value of the money.