In work tax credit this credit is available to sole
This preview shows page 14 - 18 out of 19 pages.
• in-work tax credit - this credit is available to sole parents who work at least 20hous a week and couples that work at least 30hours a week between them•parental tax credit - a tax credit for working familities with a new born child who donot receive paid parental leave or income-tested benefits( note he parental tax credit is replaced by the Best Start tax credit from 1July 2018)
Subscribe to view the full document.
Firstly the family who meeting the 5 criteria for an "eligible period" ① Applicant must be a " qualifying person " ② Applicant must be the pricipal caregiver ③ Applicant's martial, civil union or de facto status must remain the same during the period ④ Child/childdren involved must be dependnt ⑤ The composition of the credits does not change. Second, suppling it at any time during the year to IRD. Third If you want to receive payments weekly or fortnightly, you also need to estimate your annual family income , find out what information you will get
Question 4 Employee or Independent contractor?Dear Karen Thomas:The different tax treatments between an employee and a contractor:Consider about this case:EmployeeIndependent Contractor1.hourly paid rateCompared the situation you are, and according the tests, you are an independent contractor more thBest regardsDonnaThe way to distinguish Employees and Independent Contractors:1. Control:this is text considers the degree of control the employer exerts over the work an employe2. Organisationor integration: the purpose of this test is to determine whether the person is really in3. Independence:a worker who has a high level of independence is more likely to be a contractor.4. Intention:this test examines the intentions of the parties regarding the nature of the relationships5. Economicreality: is the worker genuinely in business on his or her own account? such as: the behresponsible for the job; whether the job justifies or requires using an independent contractor; whethdismissed.1. Contractors are not paid holiday pay or sick pay and, with some exceptions (mainly commission sal2. Contractors are not usually provided with fringe benefits such as company cars and health insuran3.Contractors are usually registered for GST and provide GST tax invoices;4.It is possible to control the work performed by a contractor, but not the manner in which it is don5.A contractor may employ staff o subcontractor;6.A contractor is able to work for more than one person, although, in practice, there may be excep7.A written contract for service should exist, and IR and the courts will look to the intention of the 4. fixed working time ( Monday to Friday from 9am to 5p2. enjoy the company’s reimburses5. Has written contract of independent contractor3. not allow to work for others6. Registered for GST7. Has to pay ACC by his/herself
Subscribe to view the full document.
han an employee which lead to you can’t enjoy fringe benefit. Because TBT only for employee.
Test, Taxation in the United States, Taxation in the United Kingdom
As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.
Temple University Fox School of Business ‘17, Course Hero Intern
I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.
University of Pennsylvania ‘17, Course Hero Intern
The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.
Tulane University ‘16, Course Hero Intern
Ask Expert Tutors
You can ask 0 bonus questions
You can ask 0 questions (0 expire soon)
You can ask 0 questions
(will expire )