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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 ...
Expert tips for starting a business
There’s no magic formula for starting a successful small business, but the better your decisions early on, the better your chances. We’ve asked experts for their tips. Starting out People start their own businesses for various reasons, and everyone sets out to succeed. But even with dedication and the best of intentions, the majority of new businesses still don't make it past the ...
Changes to the Employment Relations Act
Some employment law changes came into effect in December 2018, and more changes are coming in May 2019. Check how they impact you. When: 12 December 2018 What: Changes to the Employment Relations Act now in effect include the following: Union representatives can now enter workplaces without consent, provided the employees are covered under, or bargaining towards, a collective agreement. Pay deductions can no ...
Tax Talk Newsletter Summer 2019
Family Business Planning Over Summer - The summer holidays offer a good opportunity to get together and discuss plans for your family business. But there are some rules you should follow to make sure it’s only the barbeque that gets heated! Dinner discussions: Why they're important Working in any family business – where two or more family members work in a business owned ...