Employer superannuation employment tax

Prior to changes made in December, the compulsory employer contribution, which commenced at 1 percent from 1 April 2008, was to have increased to 4 percent over a 4 year phase period. Some employers however, elected to make employer contributions at the rate of 4 percent immediately. Some employers may not be aware that by [...](read more)

Twice-monthly PAYE threshold increases

Part of the recent business tax relief legislation is that the threshold for a business to pay PAYE twice a month has been increased. The change effective from 1 April 2009 means that a company with gross annual PAYE and ESCT(employer superannuation contributiontax) payments less than $500,000 (previously $100,000), will only be required to pay [...](read more)

Kiwisaver update

Some employees may be looking to increase their after tax earnings due to the recent slowing of the national economy. One of the ways which may be available for them is to make changes to their current KiwiSaver contributions. Employees that are currently contributing to KiwiSaver at either 4 percent or 8 percent , may [...](read more)