CEASING BUSINESS- ADVISING ACC CORPORATION

When ceasing business, there are a number of procedures to follow regarding ACC for both employers and self employed people. Note that, for both , Inland Revenue Department does not notify ACC that you have ceased business.   If you dont you will continue to incur ACC Levies.

EMPLOYERS

If, during the levy year, you are ceasing your business, part of your business or ceasing to employ staff, it is important for you to notify ACC as soon as possible.  You will need to complete an Emplyer Levy Adjustment Form (ACC417). The information you provide on this form will enable ACC to reassessv your provisional tax invouce, or make the approriate adjustments to your final invoice.

SELF EMPLOYED

If you are ceasing your business it is important for you to notify ACC as soon as possible.  You will need to complete a Self-employed Cessation Form (ACC 416). The information you provide on this form will enable ACC to calculate the levies payable on your final invoice.