Payroll fraud accountant sentenced

12:55 PM Tuesday Dec 21, 2010 An Auckland businessman who manipulated the company payroll to give himself a $10,000 payrise, has been sentenced to 200 hours’ community work. Mark Joseph Benjamin, a 45-year-old chartered accountant was convicted of seven fraud charges after a judge-alone trial in the district court last month. He was earlier fighting

Read More…

Govt opens ACC to private sector

12:15 PM Tuesday Dec 21, 2010 The Accident Compensation Corporation’s work account, which covers workplace injuries, will be opened up to private insurers, ACC Minister Nick Smith says. The decision was announced today following the Government’s consideration of a \”stocktake\” of the scheme begun late last year. The work account was opened to private insurers

Read More…

ACC thresholds and caps – a quick guide

This guide was provided by Tasneem Gould, Business Analyst from PayGlobal. Tax Code Ordinary Pay Extra Pay M Capped Capped ML Capped Capped ME Capped Capped SB Not Capped Capped S Not Capped Capped SH Not Capped Capped ST Not Capped Capped CAE Not Capped Not Capped EDW Not Capped Not Capped ND Not Capped

Read More…

KiwiSaver should be compulsory, says Kiwibank

State-owned Kiwibank wants the KiwiSaver scheme to become compulsory for everyone with an income above a prescribed level. \”In our view, compulsory KiwiSaver would significantly increase retirement incomes, and therefore quality of life in retirement,\” Kiwibank said in a submission to the Savings Working Group. \”It would also provide a significant savings cushion, reducing dependency

Read More…

DOL Q&A on the Holiday Amendment Act 2010

Please confirm if only leave that becomes entitled on or after 2010 can be cashed out, and not leave entitled prior to this date no matter how large the leave balance from previous years. (Also, what if the leave is left over from 2005 – before the 4 week minimum entitlement)   Only annual holidays

Read More…

[IRD] December 2010 – New employer obligations for overseas workers

In this issue: New employer obligations for overseas workers, file your GST transitional returns online, FBT rates from 1 October, Budget tax changes for April 2011, our services over the holiday season, Business.govt.nz website, updated online tax statistics, tax relief for extreme events, and redundancy tax credit.   Here’s the link to the December issue

Read More…

[IRD] December 2010 * filing guideline dates for 2011

In this issue you can read about, best wishes for the festive season, our services during the holiday season, thanks for your support after the Canterbury earthquake, interim IR 4J – are you completing them? Southland/Otago adverse weather – tax relief, IETC reminder, paper correspondence and you, GST adjustments at 12.5%, unclaimed monies, qualifying company

Read More…

Payroll fraud accountant named by court

A senior accountant on a six-figure salary manipulated the company payroll to give himself a payrise – of just $10,000. Name suppression has today been lifted from Mark Joseph Benjamin after he was convicted of seven fraud charges after a judge-alone trial in the Auckland District Court. He appealed the suppression but was dismissed at

Read More…

[DOL]Changes to the Holidays Act and the Employment Relations Act

[DOL]Changes to the Holidays Act and the Employment Relations Act Changes to the Holidays Act 2003 and the Employment Relations Act 2000 have been passed by Parliament.  The Employment Relations Amendment Act 2010 and Holidays Amendment Act 2010 introduce a wide range of legislative amendments.  The main changes to the Holidays Act include: ·         The

Read More…

National pushes through 90-day work law & Holidays changes

Employment law changes which were fiercely fought by unions and the Labour Party have been passed by Parliament. The 90-day trial period for new employees has been extended to all businesses, and workers will be able to cash in the fourth week of their annual leave. The separate bills passed their third readings yesterday, both

Read More…

[IRD} [taxpolicy] Tax bill introduced

The Taxation (Tax Administration and Remedial Matters) Bill introduced in Parliament today abolishes gift duty, streamlines the procedural rules relating to tax disputes and makes changes to the tax information-sharing and secrecy rules to improve the quality of information across government.   For more information see the bill, the media statement and the regulatory impact

Read More…

Query regarding holding back of final pay

Question:   Just wondering if I can get your advice on this one.   We have an employee you did not work out his notice period.  He has now left the company and has been paid out all hours worked up to his last day, however our HR person has advised us that we can

Read More…

[IRD] November 2010 – Budget 2010 changes – filing your GST returns

In this issue you can read about Budget 2010 changes – filing your GST returns, correction for October Business Tax Update, RWT rate change for trustees and Maori authorities, holiday pay and child support deductions, completing FBT returns, new-look GST guides and factsheet, redundancy tax credit extended, KiwiSaver deductions for over-65s, 2010-11 personal income tax

Read More…

Proposed ACC changes privatisation by ‘stealth’

3:04 PM Sunday Nov 7, 2010 Shrink Photo / Herald on Sunday Labour leader Phil Goff says proposed changes to ACC levies are the Government’s way of privatising the state-owned injury insurer by \”stealth\”. Lower earners levies in return for reduced benefits have been put forward as an option in an Accident Compensation Corporation (ACC)

Read More…

Cheaper ACC – but there’s a catch

5:30 AM Saturday Nov 6, 2010 Taxpayers may be offered discounts on their accident insurance levies in return for accepting lower compensation, longer waits and higher medical fees after an accident. The Accident Compensation Corporation has asked for reactions to the idea in a consultation document on next year’s levies. ACC Minister Nick Smith says

Read More…

Report from the select committee on the Holiday Amendments Bill

Here is the report that has been provided to the house on the select committee process.  It looks like that amendment will be passed with a few minor changes. Either click or copy and pastes into a web browser: http://www.parliament.nz/en-NZ/PB/SC/Documents/Reports/0/d/6/49DBSCH_SCR4899_1-Holidays-Amendment-Bill-195-2.htm  

Read More…

Labour changes closer to passing

5:30 AM Wednesday Nov 3, 2010 Labour law changes including the 90-day trial for new workers have come a step closer. The transport and industrial relations select committee yesterday reported back the Employment Relations Amendment Bill and the Holidays Amendment Bill, recommending they pass with minor changes. The bills have been strongly opposed by Labour,

Read More…

[IRD] Agents Answers – November 2010 * New look GST products

In this issue you can read about completing the Client linking and delinking (IR 795) form correctly, authority to act ends with client’s death, tax deductibility of ACC CoverPlus Extra premiums, redundancy tax credit extended, FBT returns – making the right elections, binding rulings updates, our new-look GST guides and factsheet, online services accounts –

Read More…

ePayroll FREE Weekly Newsletter

Payroll News, Tips and Advice Delivered FREE to your inbox. Privacy Statement: your email address will never be revealed to third parties.
Click here to access the ePayroll Archive