Please note all of our news and articles are for general information purposes only and do not constitute legal advice. For advice tailored to your circumstances please contact your Saunders & Co lawyer. As well as providing regular news updates on the feed adjacent, we also provide a personalised news email service. Contact us if you wish to be added to the mailing list.
Employees Taking Excessive Sick Leave
Many employers have grappled with a small group of employees that take excessive amounts of sick leave over and above their statutory entitlement.
Bereavement Leave for Pregnancy Loss
The Holidays (Bereavement Leave for Miscarriage) Amendment Act 2021 (Act) came into force on 1 April 2021.
New Trust Disclosure Rules
From 1 April 2021, there was a new 39% tax bracket for individuals earning above $180,000. However, the tax rate for income from trusts remains at 33%.
The Family Home Can Still Attract Bright-line Tax
“Our target is not the family home. ” Whilst that might be true, it is not entirely the result achieved. If you’re selling your main home, you don’t have to pay tax on the sale.
New Fair Pay Agreement System
On 7 May 2021 the Government announced a new policy on Fair Pay Agreements (FPAs). The Fair Pay Agreement System sets out the union/employer bargaining process and will set minimum standards for all employees and employers in an industry/occupation.
New Requirements for Purchase Price Allocation from 1 July 2021
If you are planning to buy or sell a business this year, you need to be aware of the new purchase price allocation rules which come into effect on 1 July 2021.