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Motor vehicle options

Although the tax rules around the private use of motor vehicles have been stable for some years now, other variables can change, such as a person’s circumstances. This makes it worthwhile to regularly revisit how vehicles are accounted for to make sure the most efficient outcome is being achieved. Most small businesses operate through companies…
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Paid parental leave maximum entitlement rate increases

The paid parental leave (PPL) weekly maximum entitlement rate increased from $488.17 to $504.10 (before tax) from 1 July 2014. This rate applies to employees and self-employed workers who are entitled to receive the maximum PPL rate. IRD have updated the following publications with the new rates: PPL application for an employee (IR880) PPL transfer…
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Election Day Workers

Election day workers are people employed on a casual basis by the electoral office immediately before, on, or after polling day. They are taxed through the PAYE system at a flat rate of 17.50 cents in the dollar (plus ACC earner's levy - currently 1.45%). These employees will need to complete a Tax code declaration…
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Managing Working Capital

Irrespective of the stage of a business’s life cycle, managing working capital is extremely important. During the growth phase, many businesses have failed due to growing too rapidly, and not having the corresponding cashflow to keep up with the expanding needs of the business. Meanwhile, mature businesses need to maintain sufficient working capital to ensure…
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