Business and Tax Updates October 2022: IBBZ Accounting

Summary:

This October month has been colder than usual 2022 is still on track to likely be the fifth warmest year on record in most weather forecast.

In business updates: Phasing out hard-to-recycle and single use plastics from 01 October 2022, The Fair Pay Agreement has become a legislation and RBNZ has lifted the Official Cash Rate to 3.5%.
In tax updates: The bill Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Bill (No 2) has been introduced.

Christmas break is almost upon us, we are working to ensure all tax returns are filed before the end of the year.