COVID-19 Short-Term Absence Payment
The government has announced the new COVID-19 Short-Term Absence Payment which is available immediately.
PAYE
Coronavirus – IRD Tax Payments
Coronavirus – IRD Tax Payments Inland Revenue have issued advice on tax payments during the Coronavirus pandemic. With New Zealanders locked down in their homes, and many businesses at a standstill, the department acknowledges that making timely tax payments will be a challenge. Some businesses will be financially distressed at this time. We know from …
Reimbursing Employees for Bring Your Own Devices (BYOD)
Reimbursing Employees for Bring Your Own Devices (BYOD) Reimbursing employees using their own mobile phones or laptops is undergoing some revision by Inland Revenue. This follows the adoption by many businesses of optional Bring Your Own Device (BYOD) policies where employees provide their own mobile phones or laptops for business use. In the case of …
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Salary or Drawings – What’s Best?
As a company owner, should you pay yourself a salary or drawings? That’s a very common question we’re asked and like most tax questions, the answer is not cut and dried. There are pros and cons to both approaches. We take a look at them in detail below. Salaries (PAYE) If you take a salary, …
