Early return to work while on parental leave

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 […]

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New Inland Revenue guidance on cryptoassets

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/

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

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 […]

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Covid-19 Update – August 2020

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August Newsletter

More funding for SMEs

More support is rolling out for small and medium enterprises (SMEs) from the COVID Response and Recovery Fund, to help them adapt and innovate to deal with the impact of the virus. Read more: https://www.beehive.govt.nz/release/more-support-rolls-out-smes  

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Changes to paid parental leave from 1 July 2020

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 […]

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Changes to in-work tax credit from July 1

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 […]

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COVID-19 SUBSIDY UPDATE – JUNE 2020

COVID-19 WAGE SUBSIDY EXTENSION A Wage Subsidy Extension payment will be available to support employers, including sole traders, who are still significantly impacted by COVID-19 after the Wage Subsidy ends. The Wage Subsidy Extension will be available from 10 June 2020 until 1 September 2020 so employers can keep paying their employees. Applications open at […]

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2020 herd values for tax purposes

2020 herd values for tax purposes

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