Quake-hit workers to get $400 a week Govt subsidy, PM announces

Prime Minister John Key today announced those put out of work by last week’s devastating Canterbury earthquake will be eligible for subsidies of up to $400 per week. Full-time workers whose employers believed their business was no longer viable because of the quake would receive $400 net per week, to help them transition to either

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Minimum wage increases

The Minister of Labour has announced increases to the minimum wage rates.  From 1 April 2011, the adult minimum wage will increase to $13.00 an hour. That’s $104 for an eight hour day, and $520 for a 40 hour week. The new entrants’ minimum wage and the training minimum wage will increase to $10.40 an

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[IRD] Agents Answers – February 2011 * Qualifying company reforms

In this issue you can read about the 2011 Rugby World Cup, L letter availability 2011, 1 April 2011 tax changes, qualifying company reforms, payroll giving donations exceed $890,000, keep on top of student loan repayments, fast-tracking refunds due to hardship, GST treatment of payments to retirement villages, deductibility of interest repayments for financial arrangements,

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KiwiSaver changes may be costly, warns industry

Industry players have welcomed a proposal to automatically enrol all employees aged over 18 into KiwiSaver but warn more changes to the scheme are likely to bring more costs – some of which will have to be passed on to savers. The Savings Working Group on Tuesday released about 30 recommendations on how to improve

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[IRD] Business Tax Update February 2011 – New tax entity for companies

In this issue: New tax entity for companies, other 1 April 2011 tax changes, tax codes for new staff, number of pays for tax year ending 31 March 2011, new use-of-money interest rates, online trading, VisaView makes employment checks easy, using online services, child support deduction notices, and cost of KiwiSaver to employers.   Here’s

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