Economic Response Package Finance Minister Grant Robertson today outlined a $12.1 billion package to support New Zealanders and their jobs from the global impact of COVID-19. The global economic impact of COVID-19 on New Zealand’s economy is going to be … Continued
Panic creates panic. Mass hysteria will not make it any better, so we all need to remain calm in the face of this virus and do our bit to ensure it is contained. If your business financials feel volatile, you’re … Continued
So you’re ready to hire your first employee, congratulations! You’ve had subbies working for you for years, so what’s the big deal? Most tradies will one day find themselves in the position that they’ve got a good crew of guys … Continued
Recently, new legislation has been passed to add more levels of consumer protection around the credit industry. One of those changes removes the ability to pay for credit with credit. This means that finance companies, such as Fee Funders which … Continued
From 1 December 2019, overseas businesses selling low-value goods to consumers in NZ may need to register for, collect and return Goods and Services Tax (GST) of 15%. Low-value goods are those valued at NZ$1,000 or less (exclusive of GST). … Continued
Cashflow is the lifeblood of any business but one of the most difficult things for business owners to control.
Expect an ACC for Employers invoice 9th July.
From time to time, the terms under which you have employed a team member originally may change. This could be as simple as giving them a payrise, or slightly more complicated such as changing from a permanent full time agreement … Continued
From the desk of The Commissioner of Inland Revenue. The Commissioner has issued a new Operational Statement 18/01 – Commissioner’s statement on using a kilometre rate for business running of a motor vehicle. This … Continued
Employers must make deductions for PAYE, ESCT (employer superannuation contribution tax) formerly SSCWT, student loan repayments, child support and KiwiSaver contributions when required, from any payments made to employees. Failure to do this is a serious offence and can … Continued