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It is August 2013, and the middle of winter for most people, but we at Craig Periam Limited are continuing to see rays of sunlight.

Select the right period-end date for direct credit payments to IRD

We are pleased to see that an increasing number of our clients are making payments to the IRD online. Forward dating payments will ensure that the payment arrives on the due date, and provide appropriate cash management. 

If you make your payments to the IRD through online banking, please make sure you enter the correct period-end date the payment is for. Some online banking sites are designed to populate 12 months in advance, ie, you select "GST" for the period 30 April 2013 but the period will automatically pre-populate as 30 April 2014.

It's important to select the correct period and year or you could receive incorrect penalties and unnecessary correspondence. Use the drop-down box to select the correct period/year.


ACC:

Activity around ACC continues to be brisk - and we alert you to the following changes:

Workplace safety discount

Note that there have been some recent changes to the workplace safety discount. The discount is available to self-employed or small to medium sized businesses that demonstrate good health and safety and management practices. The discount of 10% (off work-related component of levies) applies for three years. In order to qualify, levy payers must meet the following criteria:

  • Have total annual ACC liable payroll of $537,000 or less OR
  • Employ no more than 10 full-time equivalent staff AND
  • There is a staff member responsible for workplace health and safety management practices that has completed a training course, or can show experience in hazard identification and management, incident and accident investigation, staff training in health and safety matters and emergency management procedures.
Note that in order to receive this discount, you will need to have an on-site audit of your health and safety management systems by an ACC approved auditor (an external auditor approved by ACC).

2014/2015 levies to fall

Another initiative, mentioned in the last budget, which will be welcomed by many business people is the indication that ACC levies will fall by around $300m in the 2014/2015 year, and by up to $1b in the 2015/2016 year. This will benefit households, businesses and wage earners. Again, we do not have the detail of how reductions will be spread over various levy payers, but it will be a welcome move.


 Read the Winter edition of WILCO

For more information on the above topics and a breakdown on changes to employer legislation read the autumn edition of the Wilco newsletter.

  • The government encouraging employers to employ youth
  • Is your  workplace safe
  • What to do with your tax refund
  • A bit late with your tax payment
  • 'Mondayisation'
  • Keeping the wolf from the door
  • Looking at Co-working space to cope with growing business


  • We at Craig Periam Limited are an equal opportunities employer. Our staff are allowed to support which ever Super 15 Franchise they like. However, we do know which is the best franchise. Go the Chiefs.

    Chiefs Logo



    Disclaimer
    This publication has been carefully prepared, but it has been written in general terms only.  The publication should not be relied upon to provide specific information without also obtaining appropriate professional advice after detailed examination of your particular situation.