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

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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

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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

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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

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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

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[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

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[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

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