ACC and Kiwisaver

ACC Self-Employed Levy Changes

If you are self-employed or work as a contractor, you can choose between standard CoverPlus or CoverPlus Extra for your ACC cover. Next year ACC is introducing some changes to simplify the standard CoverPlus levy. Previously ACC has estimated the amount of the standard CoverPlus levy based on your previous year’s earnings, and you will

2019-05-30T13:43:09+12:00May 30th, 2019|ACC and Kiwisaver|

Taxing Matters October/November 2018

A summary of the latest tax changes and news relating to individuals and businesses. Proposed new rules for GST on low-value imported goods have been announced. The changes would require offshore suppliers to register for, collect and return New Zealand GST on goods valued at or less than $1,000 which are supplied to consumers in

2018-11-01T09:40:37+12:00November 1st, 2018|ACC and Kiwisaver, Tax|

Beware Of Changes To ACC CoverPlus Extra

ACC has made some changes to CoverPlus Extra you should be aware of. Commencing from 1st April 2018, all new CoverPlus Extra policies will start on the date that ACC receives the signed Policy Acceptance Form - therefore your agreed level of cover will not be in place until ACC has receipted your signed form.

2018-05-02T09:08:52+12:00May 2nd, 2018|ACC and Kiwisaver|

KiwiSaver For Your Employees

As an employer it is your responsibility to assist your employees with making choices about KiwiSaver. All new employees must be offered the option of enrolling in KiwiSaver, and you should provide them with the KiwiSaver factsheet, KiwiSaver deduction form and a new employee opt-out request form to help them make an informed decision. If

2018-02-26T09:02:39+12:00February 26th, 2018|ACC and Kiwisaver|

End of ACC’s Workplace Safety Discount

On 1st April 2017, the ACC’s Workplace Safety Discount for small businesses and self-employed people was discontinued. Introduced 10 years ago to encourage small businesses to implement health and safety systems, it has now been superseded by the ACC’s introduction of new health and safety laws last year.  If you are currently on the Workplace

2017-12-20T13:10:38+12:00May 8th, 2017|ACC and Kiwisaver|

ACC Levy Changes

The residual portion of your ACC levy has been removed. The change came into effect on 1st April 2016 for the Work and Earners’ Accounts, and will come into effect on 1st July 2016 for the Motor Vehicle Account. Previously the Work, Earners’ and Motor Vehicle ACC levies have consisted of two parts: a current

2017-11-29T09:19:43+12:00April 28th, 2016|ACC and Kiwisaver|

ACC Levies and Protecting Your Income

Mark Morgan-Kemp from NZ 1st Financial Services discusses income protection for self-employed people. If you are self-employed it is worth comparing the differences between ACC’s cover products, ACC CoverPlus and ACC CoverPlus Extra, to ensure you will be adequately covered in the event of an accident. By definition, you are categorized as self-employed if you

2015-07-03T12:10:42+12:00July 3rd, 2015|ACC and Kiwisaver|

Lower ACC Car Levy Rates

ACC is implementing a new system which will see the ACC levy portion of vehicle licensing fees (rego’s) reduce by an average of 41%.  From 1st July 2015 onwards, light passenger motor vehicles have been assigned a levy band based on how well the vehicle is likely to protect its occupants from serious injury in

2015-07-02T14:11:27+12:00July 2nd, 2015|ACC and Kiwisaver|