Holiday Leave for Employers

With the holiday season fast approaching, now is a great time to take a closer look at your obligations around public holiday pay and annual leave entitlements. The most important requirement is that all employees are entitled to a paid day off on a public holiday if it would otherwise be a normal working day. Public…

Cashing up annual holidays

Did you know your employees can ‘cash-up’ a maximum of one week of their annual leave entitlement if you both agree? Cashing up annual holidays can only occur at the employee’s request and the request must be submitted to you in writing Employees can request to cash-up less than a week if preferred and more…

Why have a Shareholder’s Agreement

In recent months we have seen plenty of examples of the hurdles that have to be overcome when there is no existing shareholder agreement in place. The absence of shareholders’ agreements among New Zealand’s mid-sized companies is a stumbling block that often results in costly disputes over how private companies are run, valued, and changes…

Cracking down on cash

  It’s no secret that the IRD are cracking down on the hidden cash economy.  Cash trade jobs, under-the-table wages and online trading cost the Government an estimated $7 billion a year in lost tax and last year the government set aside $120 million in government funds to help the IRD combat tax avoidance.  IRD…