News
H&S: How to fight workplace fatigue
Being tired on the job is a health and safety issue many businesses have to grapple with, says a world authority on worker fatigue. “Fatigue is just another hazard,” says Professor Drew Dawson, director of the Appleton Institute at the Central Queensland University. “Businesses need to be aware that the effects of fatigue on performance are similar to the effects of alcohol. ...
Fringe benefit tax and work-related vehicles
Fringe benefit tax (FBT) doesn’t apply on days where a motor vehicle qualifies to be a work-related vehicle. To qualify, all of the following conditions must be met: the principal design of the vehicle isn’t for carrying passengers the exterior of the vehicle permanently and prominently displays business signage employees are notified in writing that the vehicle is available only for travel between ...
Entertainment expenditure - gifts of food and drink
The entertainment expenditure rules in subpart DD of the Income Tax Act 2007 limit tax deductions for certain types of expenditure to half the deduction normally available. One type of expenditure covered (with exemptions) is expenditure on providing food and drink off business premises. This means that spending on things like chocolates or a bottle of wine to give as gifts to ...
TaxTalk Newsletter Aug / Sep 16
Phone Phishing Scam - Over the past two weeks Inland Revenue has received reports of a telephone phishing scam from several hundred customers around New Zealand. The scam calls have been made to landlines and mobile phones, with messages being left on voicemail if the calls haven’t been answered. The callers state that they are from the Inland Revenue Department and the following ...
4 steps to get your growth moving
Helping New Zealand’s small businesses grow would benefit our economy — but many lack the time, confidence or both to set their sights higher. Andrew Hamilton, chief executive of The Icehouse, offers his tips. Kiwi business owners are the heroes of our economy. We know small business owners and operators tend not to sit back and relax — running a small ...