by A1 Accounting | Jul 25, 2015 | Uncategorised
Even the NZX can be caught out by a tax audit. The sharemarket business paid $1.2 million extra after the Inland Revenue Department checked its books. For the average small business owner, the thought of a visit from tax inspectors is enough to make them shiver. We...
by A1 Accounting | Jul 25, 2015 | Uncategorised
The Australian budget set tax rates for the next two years so how do we compare. The following table sets out tax payable using the basic scales so Working for Families, Medicare etc are not included. Note how Australia “whacks” non-Australian tax resident (“NR”)...
by A1 Accounting | Jul 25, 2015 | Uncategorised
Investors affected by the Hanover Finance – Allied Farmers debt-for-equity swap may now be able to treat any loss on share sales as tax deductible. Investors who were owed money by Hanover can now ask us to assess their Proposed deduction for the loss.
by A1 Accounting | Jul 25, 2015 | Uncategorised
The 90 Day Trial Period is not offering employers the protection most people expect. Recent court decisions now obligate employers to ensure their recruitment processes enable them to prove they have acted fairly in their recruitment processes. Employers are coming to...
by A1 Accounting | Jul 25, 2015 | Uncategorised
As of 1st April 2012 Inland Revenue have recalculated the rates that are used to assess child support payments. The minimum annual assessment income for Child Support is $863, even if your actual assessable income in less than $863. Annual assessable income for Child...
by A1 Accounting | Jul 25, 2015 | Uncategorised
An employee’s annual leave entitlement accrues while they are away on parental leave as the leave is considered to be part of the employee’s continuous service. However, a little known fact amongst employers is that the method of calculating holiday pay...
