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Employer responsibilities
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Business Tax Update - 2012

Business Tax Update provides tax updates on PAYE, GST and FBT and other relevant tax issues - so you can get all your business tax news in one place. The first issue is September 2009 and combines and replaces Payroll News and GST News. You can subscribe to receive an email notification when each issue is published.


Business Tax Update Issue 36 December 2012

In this issue: Our services over the holiday season, Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012, employees wishing to stop their KiwiSaver deductions, KiwiSaver changes for employers, voice ID reaches 500,000 enrolments, reminder about compulsory extra student loan deductions, file your FBT return online, making sure your GST return processes correctly.

Business Tax Update Issue 35 November 2012

In this issue: Our industry benchmarks have been updated, are we holding your unclaimed money, employing students or casual staff over the holiday period, holiday pay and deducting child support, are you paying a non-resident contractor, calculating compulsory extra student loan deductions, showing the correct details with your GST payments, filing due date extended for earthquake-affected customers, taxing cashed-up annual holidays, delegate the filing of your online GST returns.

Business Tax Update Issue 34 October 2012

In this issue: Using the right child support codes on your EMS, change to debt arrangement statements, feedback from your survey responses, publications update, instalment arrangements for provisional tax, correcting an ESCT mistake on your employer monthly schedule, compulsory extra student loan deductions, thinking about offering payroll giving, late payment penalties add up, secure online services is now myIR, KiwiSaver - compulsory employer contributions.

Business Tax Update Issue 33 September 2012

In this issue: New, secure, online filing for GST returns, paid parental leave maximum entitlement rate increases, new email service for our newsletters, deductibility of repairs and maintenance expenditure, KiwiSaver – compulsory employer contributions, new rules for taxing employer superannuation contributions, tax credit changes for low-income earners and children, penalty for non-electronic filing of EMS, mileage rate for motor vehicles increased, our compliance focus for 2012-13, join in New Zealand's ShakeOut, upcoming changes to student loans.

Business Tax Update Issue 32 August 2012

In this issue: Planning for provisional tax, tax obligations if you're trading online, compliance focus coming soon, new Commissioner for Inland Revenue, choosing the right ESCT rate for employees' salary or wages, showing student loan deductions on your EMS, free tax seminars and workshops, missing look-through company forms, ACC invoices more user-friendly, saving you time - we've streamlined some calling services, thank you for your survey responses.

Business Tax Update Issue 31 July 2012

In this issue: What's in Budget 2012 for your business, when you're asked to make extra employee deductions for student loans, KiwiSaver seniors can withdraw savings, have your employees received an extra pay, get your PAYE tables online, Child Support says "thanks", ESCT and student loan changes for 2012-13 tax year, should you register for GST, thin capitalisation legislation changes, act now if you're getting into debt, our new regional compliance approach, use online services to authorise access to your accounts, are you using the right trade name, changed your address.

Business Tax Update Issue 30 June 2012

In this issue: Keeping records and claiming business expenses, employee’s circumstances may change child support payments, depreciation determinations give certainty, IR3 returns due 7 July, increase for childcare and boarding service providers, temporary passwords for online services, 2013 PAYE tables, publications update, voice ID now standard verification, voluntary student loan deductions, have we got your correct BIC code, deductions from lump-sum sleepover payments, delay in 2012 motor vehicle mileage rate, international tax changes, new versions of guides.

Business Tax Update Issue 29 April/May 2012

In this issue: Deducting ESCT from your employer cash contributions, Industry benchmarks can help improve business performance, "coffee and muffin" expenses, more secure phone access with voice ID, student loan repayment exemption and special deduction rate, special tax codes need to be renewed, employees who need an IRD number, filing an income year FBT return (IR421), hiring contractors and the ACC levy, updated "Tool for business", don’t send supporting documents with your GST refunds, fringe benefits that must be attributed, change to use-of-money interest rates.

Business Tax Update Issue 28 March 2012

In this issue: Are you ready for April 2012 changes, ceasing to operate a business, get faster refunds, school children and deductions of PAYE, what to do when an employee leaves, some FBT returns showing an incorrect date, FBT prescribed rate on low-interest loans, completing your 31 March 2012 FBT return, when to expect income tax forms.

Business Tax Update Issue 27 February 2012

In this issue: Business entertainment and giving gifts, do you make student loan deductions, changes to ESCT from April 2012, Working for Families changes effective from 1 April 2012, using the right tax code for new staff, new ACC rates agreed by Cabinet, child support deduction notices, are you completing the correct FBT return, viewing our tax statistics, international tax gets a new look.

Date published: 01 Feb 2012

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