A lot has been happening in the last few weeks with Government announcements, the end of the financial year approaching and Easter coming up.
Here is a summary of them.
Minimum wage increase
On 1st April 2021 the minimum wage is going up by $1.10 per hour, from $18.90 to $20.00.
For the new minimum wage for adults, starting-out and training, and also to see what you need to do, check it out on the KTS website.
Bright-line and tax
Among a range of measures to curb property speculation and support first-home buyers, the Government announced on Tuesday 23/3/21 that it intends to double the bright-line test from five to ten years.
People who sell properties (excluding investment new builds and family homes) within ten years will also be required to pay tax on gains they make. This will start on the 27th March 2021.
Easter 2021, trading hours
This year Good Friday is on the 2nd and Easter Monday is on the 5th April. Both of these days are public holidays.
Did you know that Sunday is not a public holiday?
So, what are the rules for Easter trading hours, paying employees and public holidays for employees?
Tax schedules for KTS Clients
Did you know that on the KTS website, there is a tax calendar?
It schedule’s all taxes due for the coming year through till 2022.
It is really helpful to see a yearly summary and we will keep it updated regularly.
