Employer invoicing by ACC takes place from June each year and is based on employee earnings for the year ended 31 March.
Your ACC Premium consists of:
Work Account Levy – your classification unit rate x each $100 of liable earnings.
Earner’s Account Levy – your levy rate x each $100 of liable earnings.
Working Safer Levy – 8c x each $100 of liable earnings.
The Classification Unit Rate is based on the actual cost of work-related injuries that occur within your classification unit. A classification unit is a group of businesses that operate within a similar industry.
The Residual Claims Levy Rate covers ongoing costs for old injuries that occurred before 1999. In 1999 the ACC funding was changed to cover the full lifetime costs of injuries that occurred in that year.
The IRD provide ACC with relevant earnings data from employer monthly schedules. From this information, ACC calculates the total levies due.
For more information on ACC premiums just give us a call or visit the website
The Inland Revenue Department deal with all business taxes.
When Returns are Due:
Income Tax Returns are due on an annual basis,
Donations Rebates are due on an annual basis,
GST Returns can be due either monthly, bi-monthly or six monthly
FBT Returns can be due either quarterly, annual or both
PAYE are due monthly
RWT Returns are due monthly
DWT Returns are due the month after you pay a Dividend.
For more information about Tax Returns please just give us a call or visit the website.
Working for Families tax credits are available to families with dependent children aged 18 years or younger. These are two ways of receiving Working for Families
Annual Lump Sum payment
Inland Revenue administer the Working for Families tax credits, however taxpayers who receive an income-tested benefit will receive payments from Work and Income.
For more information just give us a call or visit the website.
The Companies Office maintains a register of all Companies, Directors, and Shareholders in New Zealand. If you need to create, maintain, de-register or liquidate a company there a necessary procedures that have to go through the Companies Office.
Company legislation requires businesses to perform many administration tasks that take up a lot of valuable company time. The last thing you need as a business owner is to be stressed out trying to ensure you are complying with the Companies Act 1993.
For more information on Companies just give us a call or visit the website