2019/2020 Kilometre rates now finalised

The 2019/2020 kilometre rates are now published on IRD’s website. See here: Source: ...

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COVID-19 Short-Term Absence Payment now available

On 8 February 2020 the Government announced a new COVID-19 Short-Term Absence Payment (STAP) to support employers and self-employed workers. The STAP is available from 9 February 2020, through Work and Income, to employers for employees, and self-employed workers, who: need to miss work to stay at home while waiting on a COVID-19 test result, and cannot work from home. The STAP ...

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The Holidays Act 2003 - reduce your risk of non-compliance

(Published on behalf of Employment New Zealand)As we start the New Year, now is an ideal time to review and ensure your payroll systems and processes are up to date and reduce your risk of non-compliance with the Holidays Act 2003 (The Act). Employment New Zealand has free resources to help you comply with the Act. Common issues for businesses include: Strategic ...

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Minimum family tax credit

The annual rate minimum family tax credit (MFTC) threshold will increase from $27,768 to $29,432 for the 2020-2021 tax year and subsequent years which is a maximum of $32 per week extra. To get this payment customers must work for salary or wages and not be self-employed. IRD began paying the higher rate in weekly or fortnightly payments from late December ...

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