ACC Invoices

In October and November Accident Compensation Corporation (ACC) will be sending out annual invoices that would have normally been sent in July. They made a decision to delay these invoices for three months to help relieve the immediate financial impact felt by many businesses earlier this year.Remember to always check your BIC code (or industry code) to ensure you are on the right rate, but also check whether you are…  Read more

ACC Levies are dropping – April 2019

The ACC levies have been set by regulation for the 2019-20 and 2020-21 tax years. For both tax years the earners’ levy remains the same at $1.39 (GST-incl) per $100 liable earnings.  The minimum liable earnings for self-employed workers increases from $32,760 to $34,320. The maximum liable earnings will increase for: self-employed people from $124,053 to $128,470 in the 2019-20 tax year, and to $130,911 in the 2020-21 tax year.…  Read more

ACC Refunds: Do you qualify?

About 300,000 business customers were charged incorrect ACC levies since 2002. Here’s how you can find out if you’re one of them. If you’re unsure, give our office a call on 09 435 5595 and we can investigate for you also. Are you owed a refund? If you were in your first year of self-employment between 2002 and 2017, or paid provisional ACC levies after ceasing trading, ACC may owe…  Read more

CHANGE IS COMING WITH APRIL 1st 2017

1 April 2017 brings some important changes for taxpayers. Most of the changes are business friendly and are designed to reduce compliance costs. New Minimum Wage Rates The adult minimum wage rate will increase from $15.25 to $15.75 (before tax) an hour. The starting-out wage and training minimum wage will also increase from $12.20 to $12.60 (before tax) an hour. PLEASE NOTE, WE WILL CHANGE THE RATE FOR ANY EMPLOYEES CONCERNED FOR THOSE OF YOU WE PROCESS PAYROLL…  Read more

I have a small business… do I really need to file a tax return now?

Generally speaking if you are charging others for goods and/or services with a view to making a profit (your aim does not need to be the result) you are usually operating a business and liable to file a tax return and pay tax on any profit (or claim the loss against any other income if you made a loss). When you have a business you have a range of responsibilities…  Read more

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