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Navigating Fringe Benefit Tax on Employee Vehicle Use: What Employers Need to Know
Making savings with your FBT can save you a few thousand a year – and being smart around how you make available company vehicles to employees is one option. Graham Lawrence reports.
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Top 3 Employee Share Schemes to Motivate and Retain Your Team
An effective way to attract, retain and incentivise your key people is by creating an employee share scheme. We introduce three popular employee share scheme options that every business should consider.
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What is a New Zealand tax resident?
Armed with a favourable tax case the IRD embarked on a mission to tax overseas individuals who still had property investments in New Zealand. According to the IRD they were still New Zealand tax residents…so exactly what is a New Zealand tax resident in their eyes?
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Fringe Benefit Tax: Common Employee Benefit Mistakes to Avoid
Many businesses will soon be starting to assess all the non-cash benefits provided to employees to determine whether or not Fringe Benefit Tax needs to be accounted for in their March quarter FBT return (due before 31 May). Graham Lawrence provides a useful guide to Fringe Benefit Tax to help businesses avoid making mistakes that could hurt profitability.
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We talk to the NZ Herald about Employee Share Scheme options
The employee share-option route, whereby staff get an option to buy shares at a predetermined price is a popular way to get more buy-in, less churn from staff and hire people you might not otherwise be able to afford.