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Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Greg Millar
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Standard-cost household service for childcare providers

dad and bub-546For the 2018 income year:  

  • the variable standard-cost component will be $3.55 per hour per child and
  • the administration and record keeping fixed standard-cost component will be $347 per annum, for a full 52 weeks of childcare services provided.

These amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index for the 12 months to March 2018, which showed an increase of 1.1%.

For childcare providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2017 to 31 March 2018.

At Alliott NZ looking after your tax is not just about helping you to pay less tax – although we do make sure you’re not paying too much. We’re here to help you with any aspect of tax from compliance to complex structures. Call our team in Auckland on 09 520 9200.

Topics: balance Income Inland Revenue Department