News
No more ACC residual levy — will your bill go up or down?
The removal of residual levies from April 1 could see your overall levy bill fall. But this depends on which industry you’re in. For some businesses, the overall levy may rise. Up or down for you? Click here for more info http://www.residuallevy.acc.co.nz/ ...
A labour inspector (might) call
Enforcement of employment standards When: 1 April 2016 What: Changes will strengthen the enforcement of minimum employment standards, eg minimum wage and holidays entitlements. These include a new infringement notice regime, clearer record-keeping requirements, and tougher sanctions for the most serious breaches, such as exploitation. Why: To help protect vulnerable workers and to make sure workplaces are fair and competitive.Read more about ...
Minimum wage gets 50c hike
The adult minimum wage is going up from $14.75 an hour to $15.25, with the starting-out and training rates rising too. Here’s what you’ll need to know for your business. When: 1 April 2016 What: The new minimum wage rates are: Adult — $15.25 an hour Starting-out — $12.20 an hour (up from $11.80) Training — $12.20 an hour (up from ...
Warning from IPONZ: Misleading invoices
IPONZ has noticed an increasing amount of unsolicited or fraudulent IP protection, promotion or advertising services being offered to IP holders. If you receive any communication about your IP case from anyone other than: Intellectual Property Office of New Zealand (IPONZ) World Intellectual Property Organization (WIPO) Your appointed IP professional you should treat them with caution. Particularly if they are preparing to charge you a ...
New tax factsheets for entertainment industry
IRD have identified widespread misunderstanding among business owners about entertainer's tax obligations. In particular, schedular payments and the requirement to deduct and account for tax are not well understood. Up to 95% of venue owners didn't know they had tax obligations when making payment to bands and entertainers. If you make payments for services provided that should be taxed under the ...