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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”

Budget 2017

Business

Budget 2017

10.56am 25 May 2017  – Pre Budget Announcements (see below for actual budget notes)

So we’re counting down the moments to the 2017 budget for our country to see which direction the National Government wants to take us in.  It’s fair to say that this government has been relatively kind to small and medium sized businesses in New Zealand.  There have been moves to simplify compliance for small business and some additional initiatives have already been released for this budget which impact positively for business: Continue reading “Budget 2017”