Compulsory KiwiSaver contributions and the minimum wage

Compulsory KiwiSaver contributions and the minimum wage

If a remuneration package includes the employer’s compulsory KiwiSaver contribution, the employee must be paid at least the minimum wage plus the compulsory contribution. An employer’s compulsory KiwiSaver contribution must never be deducted from the employee’s salary or wages. If this occurs, it is unlawful – and the employer may be liable to penalties. Find […]

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Stop the spread of illness this winter

Stop the spread of illness this winter

New Zealand is seeing a rise in COVID-19, seasonal colds, flu and other respiratory illnesses in our communities and workplaces. To protect your staff from the spread of infections this winter, it’s important to follow recognised prevention measures and support your staff to do the same. These include accessing free masks and rapid antigen tests, […]

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Parental leave payments to increase

Parental leave payments will increase by 6.33% from Friday, 1 July 2022, to match the rise in the average weekly earnings. The maximum weekly rate for eligible employees and self-employed parents will increase from $621.76 to $661.12 gross per week. Under the Parental Leave and Employment Protection Act 1987, eligible parents are entitled to payments […]

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2022 herd values for tax purposes

2022 herd values for tax purposes

The Inland Revenue released the determination of national average market values of livestock for 2022 on 27 May 2022. These values are used for all livestock valued under the herd scheme. The 2021/2022 national average market values for all classes of livestock are:

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Matariki public holiday reminder

The winter may be almost upon us, but we’d like to remind you that you now have two public holidays to look forward to in the month of June. Matariki – the Māori new year – will be celebrated for the first time on Friday 24 June. This will be a time for remembrance, celebrating the […]

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Interest Deductibility Limitation and Tax Changes

Interest Deductibility Limitation and Tax Changes

On the 29th of March Parliament passed the Taxation (Annual Rates for 2021-22, GST and Remedial Matters) Bill. This bill includes measures aimed at limiting the deductibility of interest incurred for residential property investments and updates to the residential property bright-line test. Interest limitation rule From 1 October 2021, interest will not be deductible for […]

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Covid Support Update

Covid Support Payment The Government has announced a new targeted COVID Support Payment for eligible businesses who have experienced a drop in revenue as a result of the Omicron outbreak. The new COVID support payment will be $4,000 per business, plus $400 per full-time employee, capped at $24,000 or 50 FTEs. The revenue decrease has […]

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2022 Relay For Life

2022 Relay For Life

The Gilmore Taylor Team are a proud sponsor of this year’s Cancer Society Relay For Life. On Friday 1 April from 2pm-6pm our team will be completing laps of the Hātea Loop With your support, we’ll make a real difference for New Zealanders with cancer and their whānau. 100% of the funds we raise will […]

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Murdoch Ross – Civic Honours
Client Story

Murdoch Ross – Civic Honours

We at Gilmore Taylor Associates are very proud and humbled by our long standing client, Murdoch Ross, who has done some amazing things for the community.  We congratulate him on receiving the Civic Honours Award. Whangarei District Council is very proud to award a Civic Honour to Murdoch Ross in gratitude for his contribution to […]

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2022 National Standard Cost

2022 National Standard Cost

February 2022 2022 livestock values for tax purposes The National Standard costs for the 2021/2022 income year were released on 28 February 2022.  They are produced in the table below: The NSC value of an animal is calculated with its cumulative costs and an adjustment for sales and purchases. For example a Rising 2 year […]

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