Summary of IRD rates Use-of-money interest – the rates on underpaid and overpaid tax rose on 8 May 2015. The interest rate charged on underpaid tax went from 8.40% to 9.21%, and the rate for overpaid tax rose from 1.75% to 2.63%. This movement aims to align the rates with the market interest rates and […]
Each year on average, 75 people die on the job and 1 in 10 people are injured at work. With statistics this high, it’s not surprising the Government is reforming New Zealand’s health and safety landscape. A new Health and Safety Reform Bill (the Bill) is currently before Parliament and is expected to pass later
Health & Safety Reform Read More »
The 2015 budget didn’t really throw up anything too exciting. If you are interested, here is a brief summary courtesy of CCH New Zealand: “No surprises” Budget — well, mostly The big tax headlines were made prior to the budget, with pre-Budget announcements extending the tax rules for residential property sales. Budget 2015 sees some
Attention all wage clients, if we complete wages and/or PAYE for you and/or your business/company/trust etc, could you please make sure that you are informing Lillian with any of the following leave/bonus details: Sick leave taken Annual leave taken Statutory/Public holidays worked – employee will receive time and a half plus a day in lieu
Do Hughson & Associates pay wages and/or PAYE on your behalf? Read More »
International measures to prevent tax evasion When some individuals move overseas they stop fulfilling their NZ tax obligations (e.g. student loans and child support). In 2012 NZ signed up to The Convention on Mutual Administrative Assistance in Tax Matters, however it only came into effect for NZ from 1 January 2015. As a result of
ACC is continuing to deliver on levy reductions. This year the average levy paid by employers and self-employed people in Work Account levies will fall to 90 cents per $100 of liable earnings, down from 95 cents. Indicative rates for levels of cover for the 2015/16 levy year will be effective from 1 April: ACC
ACC’s Levy Reductions Read More »
From 1 May 2015 new registration requirements come into force for applications to incorporate a New Zealand Limited Liability company. All New Zealand incorporated companies must have at least one director who lives in New Zealand or who lives in Australia and is a director of an Australian incorporated company. Existing companies on the companies
New Requirement for Companies Read More »
Tax residency case overturned A recent Taxation Review Authority (TRA) case concluded an individual was a New Zealand tax resident despite being absent from New Zealand for a long period of time. In brief, the decision was a consequence of having an investment property that was ‘available’ to him in New Zealand and an on-going
Hughson and Associates were honoured to be nominated as finalists in the Professional Service category for the recent Bizlink awards. We didn’t quite take home any awards, competing with some other outstanding businesses. It was a great excuse to dress up and celebrate the nomination as an office. Check out some of the snaps below.
Staff in the News Here’s Luke (in green) playing Football for Eltham AFC against Francis Douglas Memorial College. Either bullying or being bullied, you decide. By the way, Eltham lost 6-4. Better luck next time, Luke. Friday – Mufti-Day You may have noticed, if you call into the office on Fridays, that the staff wear
