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The Business Advisory Blog

Welcome to our blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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NZ Wage Subsidy New Obligations from 27 March 2020

Written by Vanessa Williams on March 31st, 2020.      0 comments

covid-19-coronavirus-card 23-2148446001At 4pm Friday 27 March 2020, modifications to the wage subsidy scheme were announced by the government.
 

NZ Wage Subsidy Q&A Changes - Update

Written by Greg Millar on March 27th, 2020.      0 comments

covid-19-coronavirus-card 23-2148446001The Government announced further modifications to the Wage Subsidy Scheme this afternoon.
 

NZ Wage Subsidy Q&A

Written by Vanessa Williams on March 26th, 2020.      0 comments

covid-19-coronavirus-card 23-2148446001We answer common questions about the NZ Wage Subsidy for employers.
 

COVID-19 employer support

Written by Greg Millar on March 18th, 2020.      0 comments

covid-19-coronavirus-card 23-2148446001The NZ Government has compiled Wage subsidy and Leave Payment available to support employers affected by COVID-19. The subsidy is being administered under a high trust model and employers will not be asked for verification before the subsidy is approved. However MSD will have the ability to check applications and verify information at a later date.
 

Employer-provided travel from home to a distant workplace

Written by Greg Millar on February 24th, 2020.      0 comments

nz inland revenue ird-683New operational statement clarifies and simplifies the tax rules around employer-provided travel to distant workplaces.
 

Prescribed interest rate decreases

Written by Greg Millar on February 10th, 2020.      0 comments

interest rates-469-101The prescribed rate used to calculate fringe benefit tax on low-interest, employment-related loans has decreased from 5.77% to 5.26% effective 1 October 2019. Our website has been updated.
 

SmartPayroll email fraud

Written by Greg Millar on May 20th, 2019.      0 comments

scam-701-357SmartPayroll has been advised by banks they work with that there is a new email fraud scheme circulating that involves payroll. We make you aware of what to look out for.
 

Payday filing from 1 April

Written by Greg Millar on February 6th, 2019.      0 comments

NZD calculator-857It's time to shift to payday filing. Remember, by law all employers must switch to payday filing by 1 April 2019.

 

Payday filing

Written by Greg Millar on December 12th, 2018.      0 comments

xero payroll-221Remember, the law has changed so all employers must switch to payday filing by 1 April 2019.
 

Testing times ahead

Written by Greg Millar on May 21st, 2018.      0 comments

interview-829Who really can afford the costs of making a hiring mistake these days, as well as the costs of separating mistakes from your business? The answer lies in extending your recruitment process and making it more reliable and accurate.

 

Employers providing gifts to employees at Christmas

Written by Greg Millar on December 4th, 2017.      0 comments

xmas party-900Non-monetary gifts to employees at Christmas may be unclassified fringe benefits (UFBs) and could be subject to fringe benefit tax (FBT). 
Topics: employers , FBT, tax
 

Fresh eyes on NZ recruitment

Written by Vanessa Williams on August 9th, 2017.      0 comments

interview-299Just how widespread is CV Cheating and what can you do about it?
 

NZ motor vehicle rate drops from 74c to 72c per km

Written by Anthony McIlroy on May 20th, 2016.      0 comments

odometer-550 A recent review of the Commissioner’s mileage rate results in a reduction to the rate to 72 cents per kilometre for both petrol and diesel fuel vehicles for the 2016 income year.  
 

NZ’s first fully integrated Payroll and HR software for business

Written by Greg Millar on March 15th, 2016.      0 comments

stress-745As a business owner, are you struggling to keep up with all the intricate changes to NZ employment and human resources (HR) laws?

Are you concerned about the increasing fines and penalties for business for not paying employees correctly? Or not having the correct documents and getting it wrong? How would you feel being taken to court by your employees or, worse still, the government?  
 

NZ paid parental leave increases to 18 weeks

Written by Greg Millar on March 7th, 2016.      0 comments

dad and bub-468Paid parental leave in New Zealand will increase from 16 to 18 weeks in April 2016.

To be eligible for the increase, the baby must be due or born on or after 1 April 2016.
 

FBT and car parking - new rules for employers

Written by Greg Millar on August 18th, 2015.      0 comments

parking sign-606IRD proposes updating how employee car parking spaces are treated for fringe benefits tax.

Whilst the new ruling is yet to be adopted, it's worth getting your head around it now.