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October Newsletter

Talking with your team about uncertain times

Change and uncertainty can take their toll on a business and its people. You and your workers may feel anxious or stressed about the future. It may feel difficult to talk with employees about their wellbeing and about challenges facing your business. But it’s much worse to avoid these conversations. Here’s a round-up of tips […]

Paying your tax by Cash or Eftpos at Westpac – a barcode is needed

From 1 October, Westpac will only accept tax payments with a barcode. If you are planning to make payments at a Westpac branch or Smart ATM in future, you will need to have a barcode. This helps to ensure the payment goes to the right place. Where to find a barcode Barcodes are usually printed […]

Early return to work while on parental leave

During uncertain times, employees who are on parental leave may face financial difficulty and want to return to work earlier than planned. In response, employers need to act in good faith and be as flexible as possible, to make sure that an employee’s early return benefits both parties. While an employee is on parental leave […]

New Inland Revenue guidance on cryptoassets

Inland Revenue has updated its guidance on the tax treatment of cryptoassets in New Zealand. Crypto-assets are also known as cryptocurrencies or virtual currencies. For more information: https://media.ird.govt.nz/articles/new-inland-revenue-guidance-on-cryptoassets/

Employee or contractor? It pays to get it right at the start

Are you thinking of taking on more staff, and trying to decide whether you need an employee or contractor? Take care. The initial appeal of a contractor may not be right in the eyes of the law and getting this wrong can be costly to you and your business. Employment New Zealand have useful guidance […]

August Newsletter

Changes to paid parental leave from 1 July 2020

From 1 July 2020, the duration of parental leave payments will extend from 22 weeks to 26 weeks and the maximum weekly rate for eligible parents will increase from $585.80 to $606.46 gross. The minimum payment rate for self-employed parents increases from $177.00 to $189.00 gross per week, which is equal to 10 hours of […]

Changes to in-work tax credit from July 1

Changes to the in-work tax credit (IWTC), which removes the requirement for working families to work a minimum number of hours, come in to effect next month. From 1 July, the IWTC will be available to eligible families who are not receiving an income-tested benefit or student allowance and have some income from paid work […]

2020 herd values for tax purposes