News
Tax Talk Newsletter Winter 2024
“BUDGET 2024” - TAX POLICY ANNOUNCEMENTS Personal tax cuts confirmed in Budget 2024 The coalition government’s first budget has been delivered against the backdrop of a declining economy The much-anticipated detail of changes to personal tax thresholds have finally emerged. The government made no secret that tax relief was on the way f or New Zealanders, however, exactly what form those changes would ...
Why Clients Need to Verify ACC Information Before July
Ensuring the accuracy of ACC information for ACC WorkPlace Cover and WorkPlace Cover for Businesses and Shareholders is essential for several reasons. Firstly, it helps prevent billing errors that could lead to discrepancies in financial records. By verifying the accuracy of their ACC details, clients can avoid potential misunderstandings or disputes regarding invoicing and payments. Secondly, accurate ACC information is vital ...
Tax Talk Newsletter Autumn 2024
Reducing Spending by Identifying ‘Leakage’ With the darkening clouds on the horizon for business, discussion arises on unnecessary expenses – ‘Leakage’. This affects the farming sector with the sudden drops in the 2023/2024 dairy payout, where there has been a lot of discussion on what farmers can do to reduce their costs and avoid having to increase their overdraft limit. If we can ...
Tax Talk Newsletter Summer 2024
First steps for tax and income relief announced Finance Minister Nicola Willis on 20th December announced time-critical tax and benefit changes together with a commitment to delivering further income tax relief in Budget 2024. “The coalition Government is progressing a number of commitments to address the growing cost of living, deliver income tax relief and reduce the tax burden. We know Kiwis ...
Law change round-up
90-day trial periods When: From 23 December 2023 What: All employers in New Zealand, no matter their size, are now able to use 90-day trial periods. Previously, they only applied to employers with fewer than 20 employees. The trial periods are now available to all employers. Why: Provides employers with greater confidence when hiring new employees. What you need to do: A trial period ...