Inland Revenue is making it easier for employers to reimburse the expenses of employees who are working from home because of the COVID-19 pandemic.
This means employers can pay employees up to $20 a week tax-free for expenses (additional heating costs, telecommunication usage costs etc), without having to estimate or show what the employee's actual expenses were.
Employers can also make a tax-free payment of up to $400 per employee for furniture costs, without having to g
On 1 April 2020, the adult (employees 16 years and over) minimum wage rate increases by $1.20 from $17.70 to $18.90 per hour. With the starting-out and training minimum wage rates increasing 96 cents from $14.16 to $15.12 per hour. The minimum wage increase is occurring while New Zealand is at COVID-19 Alert Level 4, which will potentially create challenges for some employers (i.e financial difficulties, not being able to access payroll systems to update etc). The following
If your business is in total lock-down, I would use some of this time to work on the future good of your business. Maybe, you have struggled to 'work on' your business and now you can. Ideas are: Strategic planning Marketing planning Scoping & developing new products or services Creating or updating your budget/cashflow Website updates or planning Learning a new skill Researching ways to streamline your business and make more lean Researching/learning new software to help
Video from Lisa & Kelly, pre lock-down on what to do to get your business through Covid-19. NOTE: This video was recorded before Alert 4 lock-down, however, this video is still relevant. Right now everyone is being affected by the Coronavirus and in particular businesses. We have put this video together to help businesses prepare and get through this hard time. The key here is to be proactive and have a plan! There are so many things you can do now to minimise the impact.