ACC REBATE FOR THE 2012 YEAR
For those of you who have earnt over the threshold of $111,669 from one source of income for the 2012 tax year, you may be due a refund. Any earnings over this amount are not liable for the ACC levy which is part of your PAYE deduction taken each payday. The levy for the 2012 […]
Staff have received a Tax Bill, why?
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.
In Lieu of Notice Payments
In Lieu of Notice payments can be paid to an employee if the employer requests the employee to leave immediately once notice has been given. The number of weeks to be paid is specified in the employment contract which should have been signed by both parties. Conversely, the employer may make deductions from the employees […]
