Helping Business DO Business
Are you looking for practical business advice, prompt responses to your questions and work completed when you need it?
Then talk to us now at Accountants on Hobson.
We are based at 33 Hobson Street, New Plymouth.
We have client parking on-site
You are welcome to contact us via our landline or email
We look forward to working with you!
Tax and Important Dates
Income Tax, GST, PAYE, FBT, RWT
Click through for upcoming important tax dates
(excludes PAYE dates that are 20th of the month)
We welcome referrals
End of Financial Year 'things to do'
Before the end of March 2021, ensure you have the following jobs done & paperwork in order:
- Records are up-to-date & bad debts are written off
- List who owes you money & who you owe money to at 31/3/2021
- Conduct a stocktake
- Copy invoices of major assets & unusual one-off expenses
- List assets you have sold or written off
As of 1 April 2021 the adult minimum wage will be increasing from $18.90 to $20.00 per hour before tax
The new top tax rate
The new top tax rate of 39% will apply on personal income in excess of $180,000 for the 2021-2022 and later tax years.
Trusts will be required to provide more information on their annual returns for the 2021-2022 income year onwards, including distributions & settlements made in the income year, profit & loss statements & balance sheets. This ensures IRD has a clear picture of how a trust is being used and whether the usage changes as a result of the personal income tax rate change.
Minimum Family Tax Credit
The annual rate MFTC threshold will increase from $27,768 to $29,432 for the 2020-2021 tax year and subsequent years which is a maximum of $32/wk extra. To get this payment customers must work for salary or wages and not be self employed.