Flu vaccinations are exempt from fringe benefit tax (FBT) if they are provided to employees either through a clinic set up on work premises, or where a voucher is given to the employee to use at their doctor or another clinic. This is because the vaccinations fall under a specific exemption targeting a health and safety [...]
We all appreciate 'Tax compliance can be complex' - between Income Tax, GST, PAYE, FBT, RWT etc., there is a lot to manage and get right. And whilst rare, it is inevitable that from time-to-time errors can occur in providing correct return information. These can be in your favour, or against. When these 'oh-oh' moments occur the important question [...]
Although not desirable, it is not unusual for an employee to raise a personal grievance with their employer. Thankfully section 123 of the Employment Relations Act 2000 (ERA) provides for a number of remedies for all parties, where an employee has a personal grievance. Where an employee is awarded grievance money due to suffering 'work-related' humiliation, loss [...]
The schedular tax regime falls under the PAYE rules and typically applies to require tax to be withheld from self-employed individuals if they perform certain types of work, which could be as diverse as 'modelling or shearing'. Ordinarily, most payments to contracted companies are not subject to schedular tax. However, payments to companies for the supply of [...]
The amount of Fringe Benefit Tax payable depends on the value of the motor vehicle benefit. Sounds simple enough right? However the common complaint about Fringe Benefit Tax (FBT) is that calculating the correct FBT rate for vehicles (one of the most common employee benefits) is way too complex. Mistakes arise from not properly understanding the circumstances in which provision [...]