TAX BILLS AND REFUNDS
7 July 2011
At the end of the tax year we are frequently asked why an employee has a tax bill ( never a refund !!) to pay.
At the end of the tax year we are frequently asked why an employee has a tax bill ( never a refund !!) to pay.
The entitlement to a redundancy tax credit was due to expire on March 31, 2011 but it has been extended to September 30. 2011. If
After the September and March earthquakes some companies paid their employees an ex gratia payment to help them over this unsettling period. Originally, the IRD deemed the
The Minister of Labour has annouced increases to the minimum wage rates. From 01 April the adult minimum will increase to $13.00 per hour. The new entrants
The Government has passed amendments to the Employment Relations and Holidays Act. Most of the changes won’t take affect until April 2011 but some take
The IRD have set up a special page on their Website covering all the tax changes that are occurring on October 1st. These include: Personal
Why do I get a tax bill each year? The calculation of tax is not a straight forward exercise that most assume. It is based on multiple rates and multiple thresholds. Hopefully this will help to explain why some people end up with a tax bill and some with a tax refund.
Are you entitled to a tax refund? You can work it out yourself for free by using the calculators provided by the IRD.
The following changes to personal tax come into effect on your first pay, physically paid, after October 1st, 2010 For Income up to $14,000 the
Minimum Wage Increase Minimum Wage – From 1st April 2009 There are three groups to calculate minimum wages for. These are the ‘Adult Minimum Wage’,