News
Customers using Secondary Tax Codes
Some employees are using a higher tax rate, such as a secondary tax rate (ST code), to help offset tax bills based on other income they get. Law changes from 1 April 2019 mean this is no longer allowed if the income being taxed at the higher tax rate is their only source of PAYE income. If this situation affected any ...
Government Improving Protections for Consumers and Workers when businesses fail
On Monday 4 November 2019, Minister Kris Faafoi released a statement announcing changes that will favourably affect consumers and workers of failed businesses. Changes to insolvency law announced by the Government on 4 November will include requirements to honour up to 50 per cent of the value of gift cards or vouchers held by consumers. "When a business is insolvent, these consumers ...
Investment Income - what's changing in April 2020
From 1 April 2020, Inland Revenue is making changes that will affect investment income payers and recipients. Investment income includes interest, dividends, PIE income, taxable Maori authority distributions and royalties paid to non-residents. For payers this means More frequent reporting of investment income becomes mandatory and must be done electronically. Investment income returns will generally be due by the 20th of the ...
Your guide to working Multiple Jobs
From claiming expenses to paying tax and ACC levies, here’s what you need to know if you’re a freelancer or contractor working in temporary jobs. Are you a gig worker? Gig workers are part of a flexible and on-demand workforce who do multiple short-term jobs (gigs), and can be anyone from part-timers looking to make extra money from a second or side ...
What New Zealanders don’t know about cancer
Annually, an estimated 750-900 people die from work-related health issues in New Zealand. Approximately 250 deaths are work-related lung cancers, 90 deaths are from asbestos-related mesothelioma, and 25 breast cancer deaths can be linked to the ill effects of shift work. A recent study by The Lancet Oncology highlights concerns around the standard of diagnosis and treatment being offered in New ...