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Tax Talk Newsletter Winter 2019
Help Your Accountant, and Yourself - Here are some of the problems we strike when preparing your annual accounts and what you can do to help us: Avoid supplying too much information – our questionnaire will list what we need. Too much information means we have to wade through it, in case there is something you intend us to see. Respond to our ...
What's the future for cash in New Zealand?
If cash becomes less accepted and available as a means of payment, then the Reserve Bank says that New Zealanders who are already left out of the banking or digital worlds may be severely disadvantaged. That prospect is one of five key issues in a paper on the Future of Cash Use published by the Bank on its website today. “We see ...
New ACC levies set
The ACC levies have been set by regulation for the 2019-20 and 2020-21 tax years. For both tax years the earners’ levy remains the same at $1.39 (GST-incl) per $100 liable earnings. The minimum liable earnings for self-employed workers increases from $32,760 to $34,320. The maximum liable earnings will increase for: self-employed people from $124,053 to $128,470 in the 2019-20 tax year, and ...
Tax Talk Newsletter Autumn 2019
Get End of Year Right - If you want to write off a bad debt & claim your loss in the current year, you must do this before your business balance date. Depending on your system of accounting, this could involve writing something like “debt written off by me on. . . Date signed. . . .” across a copy of an ...
Minimum wage rises by $1.20 on 1 April 2019
The minimum wage is going up from $16.50 to $17.70 per hour. Here’s what you’ll need to know for your business. Minimum wage rises When: 1 April 2019 What: The new minimum wage rates, before tax, are: • Adult — $17.70 an hour • Starting-out — $14.16 an hour (up from $13.20) • Training — $14.16 an hour (up from $13.20) Read our page on minimum pay ...