It was announced today that the adult minimum wages will increase by 50 cents an hour as from 1 April 2015.
This will mean the rate will go from $11.25 per hour to $11.75.
So remember to update any of your employees that are on an hourly rate less than $11.75 from 1 April.
I read this great post on the Xero blog about getting paid faster.
Check it out and if you are not invoicing via Xero, give us a call to have a chat about the benefits on invoicing on line
You see, as from 1 July 2015 the ACC levy component of vehicle registration is going down by an average of 41% depending on the type of vehicle.
So to take advantage of this, make sure you don’t pay more than necessary by opting for a shorter licensing renewal period. That way you are ready to take full advantage of the new lower price when your rego comes up for renewal after 1 July 2015.
There is a new tool out that the MBIE (Ministry of Business, Innovation & Employment) have developed that allows you to calculate the estimated cost of a new employee.
It’s pretty cool and allows you to put in fixed costs, discretionary costs, select your industry type to calculate ACC levies, factors in Kiwsaver and even allows you to check average industry pay rates collated from Trademe Jobs!!
Check it out by clicking here
… and it heralds in the change in the rules for payments to the IRD.
Just a reminder that any payments made to the IRD must be received by them by the due date .. not postmarked the due date. Therefore we encourage you to make your payments electronically to the IRD.
If you still want to continue to pay by cheque, here are some suggested tips:
1. Post date the cheque to the due date
2. Highlight the date (not foolproof as the cheque still maybe presented early)
3. Post the cheque and return at least 1 week before the due date as you shouldn’t rely on NZ Post. We have had situations where mail has taken a week to get to Wellington!!
For more information, check out our earlier blog here
A change is happening in NZ with website domain names on 30 September. There will be more choice with nz domain names with the release of .nz domain names .. a shorter version of the .co.nz.
This extract is taken from the .NZ Domain Name Commission website: Read More »
As the saying goes “beauty is in the eyes of the beholder” and that could be used to sum up Budget 2014 . You could see as it dull and boring or as a steady as she goes approach. Certainly from the results of recent polls it seems to have found favour with the NZ voters with National’s popularity on the rise. Read More »
We have put together some tax tips for the end of financial year that we hope you will find helpful.
