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TOTALACCOUNTING
NEW CLIENTS
Did you miss the 7 April Payment Deadline?
ACC Levies
By linking with TotalAccounting and if you have not lost extension of time your payment was due by 7 April 2016.
Stop more penalties and interest from adding up - pay today! Pay your bill now
If you have an Income Tax, Working for Families Tax Credit or student loan bill to pay for last tax year, but don't have an extension through a tax agent, your bill was due on 7 February.
Why do I have to pay? | What if I don't pay my bill on time? | How do I avoid a bill next year? |
---|---|---|
There are a few common reasons why you might have an end-of-year bill to pay. |
If you don't pay your bill on time penalties and/or interest will start adding up. We have a few options available if you're finding it difficult to pay your bill. |
There are a few things you can do to avoid another bill next year. |
Find out more > | Find out more > | Find out more > |
ACC Levies fund claims for injuries suffered by all New Zealanders. Small business owners pay an ACC Work Levy every year. It’s used to fund ACC claims for work-related injuries. Employers are also responsible for deducting your employees’ ACC Earners’ Levy from their wages. This is used to fund non-work related injuries.
What you pay for your Employees
If you have employees, IRD will deduct ACC Earners’ Levies from their wages as part of their PAYE payments. This Levy covers people for injuries that happen outside of work and not on the road, e.g. while playing sport or at home.
The amount deducted is based on how much your employees earn.
Current Levy rates — ACC
Employee Cost Calculator — check the less obvious costs of hiring staff, including ACC Levies
All businesses pay Levies to ACC to cover the cost of work-related injuries. Businesses pay for:
Businesses will receive a provisional invoice
with an estimated Levy and a year-end adjustment.
How much your business pays depends on:
You can work out how much your levy is likely
to be using ACC
levy calculator.
These are used to set levy rates for different industries with different levels of risk. ACC assigns your business a classification unit based on your Business Industry Classification (BIC) code. This is a code every business and self-employed person chooses, based on their main work activity, when registering for GST or submitting a tax return.
Find
your BIC code — Business Industry Classification Code
Liable Earnings are the part of your payroll that levies are payable on. Things like holiday pay and overtime are liable earnings — but redundancy and retirement payments are not. How much your liable earnings are depends on how much you pay your employees.
Liable Earnings — IRD
What you pay if you’re self-employed
If you’re not an employer, you’ll be invoiced for ACC levies once a year. You’ll pay for:
This is a percentage of your annual income.
ACC levies if you’re self-employed — ACC
Current levy rates — ACC
How to reduce your ACC Work Levy
ACC has an experience rating programme that takes your claims history into account when it calculates your Work Levy. If you have a lower than average injury rate, with a better than average rehabilitation or return to work rate, you may receive a discount.
How to pay less - ACC
You’ll usually get your first ACC levy Invoice after the end of your first year in business. After that, you’ll be invoiced once a year, usually in July for businesses or August for the self-employed.
You'll get:
If your circumstances change, eg your main work activity changes or you stop trading, ask ACC to reassess your levy calculation. Fill in an ACC4618 form and send it to ACC as soon as possible.
You’ll need to pay your Levy by the due date on the invoice — even if you’re waiting for a reassessment.
How to pay
You can pay:
Pay your ACC levy — ACC
Avoid these common levy pitfalls:
If we can assist further, please email TotalAccounting as follows:
ACC levies fund claims for injuries suffered by all New Zealanders. As a small business owner, you’ll pay an ACC Work Levy every year. It’s used to fund ACC claims for work-related injuries. You’re also responsible for deducting your employees’ ACC Earners’ levy from their wages. This is used to fund non-work related injuries.
On this page:
If you have employees, you’ll deduct ACC Earners’ Levies from their wages as part of their PAYE payments. This levy covers people for injuries that happen outside of work and not on the road, eg while playing sport or at home.
The amount deducted is based on how much your employees earn.
Current levy rates — ACC
Employee Cost Calculator — check the less obvious costs of hiring staff, including ACC levies
All businesses pay levies to ACC to cover the cost of work-related injuries. You'll pay for:
You’ll receive a provisional invoice with an
estimated levy and a year-end adjustment.
How much your business pays depends on:
You can work out how much your levy is likely
to be using ACC
levy calculator.
These are used to set levy rates for different industries with different levels of risk.
ACC assigns your business a classification unit based on your Business Industry Classification (BIC) code. This is a code every business and self-employed person chooses, based on their main work activity, when registering for GST or submitting a tax return.
Find
your BIC code — Business Industry Classification Code
Liable earnings are the part of your payroll that levies are payable on. Things like holiday pay and overtime are liable earnings — but redundancy and retirement payments are not. How much your liable earnings are depends on how much you pay your employees.
Liable earnings — Inland Revenue
If you’re not an employer, you’ll be invoiced for ACC levies once a year. You’ll pay for:
This is a percentage of your annual income — currently $1.26 for every $100.
ACC levies if you’re self-employed — ACC
Current levy rates — ACC
ACC has an experience rating programme that takes your claims history into account when it calculates your Work levy. If you have a lower than average injury rate, with a better than average rehabilitation or return to work rate, you may receive a discount.
How to pay less - ACC
You’ll usually get your first ACC levy invoice after the end of your first year in business. After that, you’ll be invoiced once a year, usually in July for businesses or August for the self-employed.
You'll get:
If your circumstances change, eg your main work activity changes or you stop trading, ask ACC to reassess your levy calculation. Fill in an ACC4618 form and send it to ACC as soon as possible.
You’ll need to pay your levy by the due date on the invoice — even if you’re waiting for a reassessment.
You can pay:
Pay your ACC levy — ACC
Avoid these common levy pitfalls: