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July 2021 Key Dates

5 July PAYE Payment due for large employers for the period 16 June to 30 JuneFile employment information within 2 working days after payday 7July INCOME TAX 2021 year income tax return due for people and organisations without a tax agent or extension of time 20 July PAYE Payment due for small employers for the period 1 June to 30 JunePayment due for large employers for the period 1 July to 15 JulyFile employment information within 2 working days after payday 20 July FBT FBT return (IR420) and pa...

Net Worth Calculator

The Net Worth Calculator works out how well off you are (your net worth) by taking into account everything you own (your assets) and everything that you owe (your liabilities). Ideally, your net worth will increase over the years as you own more and owe less.View Net Worth Calculator...

Kiwisaver Savings Calculator

The KiwiSaver savings calculator shows you how much you may have saved at retirement age based on your continued membership in KiwiSaver and the contribution level you have chosen. It also provides an estimate of the regular income that you could get from the total lump sum in your account.View Kiwisaver Savings Calculator...

How much can I borrow?

With changes in interest rates and criteria, it is important to shop around when looking to borrow money. Below are a number of links to bank websites to help you gain an understanding of what you may be able to borrow. Please note that this is only an indication. ANZASBBNZKIWIBANKWESTPAC...

June 2021 Key Dates

7 June (as 5th falls on a weekend)                    PAYEPayment due for large employers for the period 16 May to 31 MayFile employment information within 2 working days after payday 21 June (as 20th falls on a weekend) PAYEPayment due for small employers for the period 1 May to 31 MayPayment due for large employers for the period 1 June to 15 JuneFile employment information within 2 working days...

Income Tax Calculator

Use this calculator to work out your basic yearly tax for any year from 2011 to 2021. View IRD Income Tax Calculator...

March 2022 Key Dates

7 March (as 5th falls on a weekend) PAYEPayment due for large employers for the period 16 February to 28 FebruaryFile employment information within 2 working days after payday 7 March Terminal TaxFor taxpayers (with a tax agent) with a February balance date 7 March Terminal Student Loan RepaymentFor those (with a tax agent) with a February balance date 7 MarchQualifying Company Tax ElectionIR4P return and payment due for companies (with a tax agent) with a...

February 2022 Key Dates

8 February(as 5th is a weekend and 7th is Waitangi Day observed)PAYEPayment due for large employers for the period 16 January to 31 JanuaryFile employment information within 2 working days after payday 8 February(as 7th is Waitangi Day observed)Terminal TaxFor taxpayers (without a tax agent) with balance dates between 1 March and 30 SeptemberFor taxpayers (with a tax agent) with a January balance date 8 February(as 7th is Waitangi Day observed)  Terminal S...

January 2022 Key Dates

7 January        Annual ReturnsDue date for annual returns for taxpayers (without a tax agent) that have a September balance dateIncome tax returnImputation returnDividend withholding payment returnBranch equivalent tax account returnPolicyholder credit account returnCompany dividend statementStudent loan form SL9 17 January(as 15th falls on a weekend) PAYEPayment due for large employers for the period 16 December to 31 DecemberFile employment in...

December 2021 Key Dates

6 December (as 5th falls on a weekend)PAYEPayment due for large employers for the period 16 November to 30 NovemberFile employment information within 2 working days after payday 7 December Terminal TaxFor taxpayers (without a tax agent) with a January balance dateFor taxpayers (with a tax agent) with a November balance date 7 December Terminal Student Loan RepaymentFor those (without a tax agent) with a January balance dateFor those (with a tax agent) with a No...

November 2021 Key Dates

5 November PAYEPayment due for large employers for the period 16 October to 31 OctoberFile employment information within 2 working days after payday 8 November(as 7th falls on a weekend)Terminal TaxFor taxpayers (without a tax agent) with a December balance dateFor taxpayers (with tax agent) with an October balance date 8 November(as 7th falls on a weekend) Terminal Student Loan RepaymentFor those (without a tax agent) with a December balance dateFor those (with tax agen...

October 2021 Key Dates

5 October PAYEPayment due for large employers for the period 16 September to 30 SeptemberFile employment information within 2 working days after payday 7 October Terminal TaxFor taxpayers (without a tax agent) with a November balance date 7 October Terminal Student Loan RepaymentFor those (without a tax agent) with a November balance date 7 October Qualifying Company Tax ElectionIR 4P return and payment due for companies (without a tax agent) with a November balance date...

September 2021 Key Dates

6 September (as 5th falls on a weekend)PAYEPayment due for large employers for the period 16 August to 31 AugustFile employment information within 2 working days after payday 7 September Terminal TaxFor taxpayers (without a tax agent) with an October balance date 7 September Terminal Student Loan RepaymentFor those (without a tax agent) with an October balance date 7 September  Qualifying Company Election TaxIR4P return and payment...

August 2021 Key Dates

5 August PAYEPayment due for large employers for the period 16 July to 31 JulyFile employment information within 2 working days after payday  9 August (as 7th falls on a weekend) Annual ReturnsDue date for annual returns for taxpayers (without a tax agent) that have an April balance dateIncome tax returnImputation returnDividend withholding payment returnBranch equivalent tax account returnPolicyholder credit account returnCompany dividend statementStudent loan form SL9 ...

May 2021 Key Dates

5 May PAYEPayment due for large employers for the period 16 April to 30 AprilFile employment information within 2 working days after payday 7 May GSTReturn and payment due for period ended 31 March 7 MayProvisional Tax - Ratio Option1st instalment (January balance date)2nd instalment (November balance date)3rd instalment (September balance date)4th instalment (July balance date)5th instalment (May balance date)6th instalment&n...

GST Calculator

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Mortgage Calculator

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Car Lease Calculator

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April 2021 Key Dates

5 April PAYE Payment due for large employers for the period 16 March to 31 March File employment information within 2 working days after payday 7 April Terminal Tax For taxpayers (with a tax agent) with balance dates between 1 March and 30 September 7 AprilTerminal Student Loan RepaymentFor those (with a tax agent) with balance dates between 1 March and 30 September 7 AprilQualifying Company Election TaxIR 4P return and payment due for companies ...

ACC Premiums

Whether you're self-employed, a contractor, or you have staff, you'll likely receive an invoice from ACC between mid-July and mid-August. If you're an employer with staff, your business will pay the:Work Levy - your classification unit rate x each $100 of liable earnings.Working Safer Levy - 8c x each $100 of liable earnings.If you're self-employed, a shareholder-employee or a contractor you'll pay three different levies:Earners' levy - everyone who earns a salary in New Zealand p...

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 not to depreciate an asset by applying to Inland Revenue.Not all fixed assets can be depreciated. Land is a common example of a fixed asset that cannot be depreciated.  From 1 April 2011, depreciation allowances on mos...

Entertainment

Entertainment expenditure is limited to a 50% deduction if it falls within the following:Corporate BoxesHoliday AccommodationPleasure CraftFood & Beverages consumed at any of the above or in other specific circumstances, for example:incidentally at any of the three types of entertainment above, eg, alcohol and food provided in a corporate boxaway from the taxpayer's business premises, such as a business lunch at a restauranton the taxpayer's business premises at a party, reception, celebrat...

Fringe Benefit Tax

Fringe Benefit Tax (FBT) is a tax on benefits that employees receive as a result of their employment, including those benefits provided through someone other than an employer.The four main groups of fringe benefits are:Motor vehicles (refer to the IRD website for more information on how to calculate)Low-interest loans other than low-interest loans provided by life insurance companiesFree, subsidised or discounted goods and services, including subsidised transport for employers in ...

Gifting

A gift is something given when:Nothing is received in return; orSomething is received in return, but its value is less than the value of the property given.If something of lesser value is given in return for a gift, the value of the gift is the difference between the two values.In the context of trusts, these items can all be gifts:Transfers of any items (for example, company shares or land).Any form of payment.Creation of a trust.A forgiveness or reduction of debt.Allowing a debt...

Goods and Services Tax

GST is a tax on the supply of goods and services in New Zealand by a registered person on any taxable activity they carry out. The rate for GST is 15% although zero-rating will most likely apply for exports and land transactions. Certain supplies of goods and services are 'exempt supplies' and exempt from GST. These include:Certain financial servicesSale or lease of residential propertiesWages/Salaries and most Directors' FeesGST registration is required if the annual turnover of the business fo...