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Some Practical Changes to the FBT rules

Business

Some Practical Changes to the FBT rules

What is FBT?

Fringe benefit tax was created by the IRD to make sure that employees were not being ‘paid’ via benefits such as the company car, without tax being paid.  So for every benefit that an employee gets, and this includes shareholder employees, tax must be calculated and paid over to the IRD.  The most common benefit is the company car and has long been a source of irritating compliance for both the shareholders, and their accountants!


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Proposed changes to Working for Families, Student Loans and Child Support Payments

Business

Proposed changes to Working for Families, Student Loans and Child Support Payments

Last night the government announced some new proposals which will affect the way in which you receive working for families payments, pay off student loans or make child support payments.   Continue reading “Proposed changes to Working for Families, Student Loans and Child Support Payments”