by admin | Oct 9, 2016 | Taxfacts
Fringe Benefit Tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer. The four main groups of fringe benefits are: Motor vehicles (refer to the IRD website for...
by admin | Oct 9, 2016 | Taxfacts
Entertainment expenditure is limited to a 50% deduction if it falls within the following: Corporate Boxes Holiday Accommodation Pleasure Craft Food & Beverages consumed at any of the above or in other specific circumstances, for example: incidentally at any of the...
by admin | Oct 9, 2016 | Taxfacts
Depreciation allows for the wear and tear on a fixed asset and must be deducted from your income. Generally you must claim depreciation on fixed assets used in your business that have a lifespan of more than 12 months. However in special circumstances you can elect...
by admin | May 13, 2016 | Taxfacts
Employer invoicing by ACC takes place from June each year and is based on employee earnings for the year ended 31 March. Your ACC Premium consists of: ACC Workplace Cover Levy – your classification unit rate x each $100 of liable earnings. Residual Claims Levy...
