Depreciation Allowances

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...

ACC Premiums

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...