The Accident Compensation Corporation (ACC) has a straightforward aim - to provide comprehensive, no-fault personal injury cover for all New Zealand residents and visitors to New Zealand. Their rules and regulations, unfortunately, are not so straightforward. For those in business it represents yet another tax and yet more red tape to try to get to grips with as the premiums you pay depend on whether you are self-employed, are paid under PAYE or a shareholder-employee not counting the levies you contribute for the privilege of providing employment to your employees.
The type of queries our clients have which arise under the scheme include:
- Should you be on ACC CoverPlus or ACC CoverPlus Extra?
- How much should I set aside to pay the ACC levies?
- How can I minimise my premiums?
- How does ACC fit in with my Income Protection policy?
- Is my business properly classified for levy purposes?
- What if my business has two different types of income streams?
Don’t just guess or make do, use our ACC expertise.
