News
Company fined $500,000 after elderly man’s death
More than two years after an elderly man died after falling from a mobility scooter on a damaged footpath one of the companies responsible for his health and safety has been fined $500,000. WorkSafe Chief Investigator Hayden Mander said after the sentencing in the Manukau District Court today that the company had obstructed the WorkSafe investigation, and didn’t turn up at ...
Use-of-money interest (UOMI) rate change
From 29 August 2019 the UOMI rates on underpayments and overpayments of tax changed. The new rates are: underpayment rate: 8.35% (previously 8.22%) overpayment rate: 0.81% (previously 1.02%) Source: www.ird.govt.nz ...
Rental properties: New laws now in effect
New healthy homes standards became law on 1 July. Check what’s required and what you need to do next. What you need to know What: New minimum standards for rental properties to improve heating, insulation, ventilation and drainage, reduce moisture and stop draughts. Check out our recent newsletter article for an overview of the specific requirements. New healthy homes standards for rental properties When: ...
Claiming vehicle expenses
If you have a vehicle that is only used for business, you can claim the full running costs as a business expense. If you use your vehicle for both business and personal trips you will need to work out how to allocate costs correctly. There are two ways to do this – keeping a logbook or adding up the actual costs. If ...
Using your home for your business
If you’re a business owner and use part of your family home for work, you can make a claim for this as a business expense. You can claim a portion of your household expenses, such as rates, insurance, power and mortgage interest. The portion you can claim relates to the area of your home that you use for business. Apportioning your household ...