Workitout

18/09/2023

Did you know you have a choice regarding the ACC package you sign up for as a self-employed Kiwi? Cover Plus (the default option) and Cover Plus Extra are popular. As a business owner, selecting which option suits you best is up to you.

There are a few key differences between these two packages that you need to be aware of, and by supplementing them with private insurance, you can save money and get better protection for your family.

Link here to read more:

Did you know you have a choice regarding the ACC package you sign up for as a self-employed Kiwi? Cover Plus (the default option) and Cover Plus Extra are popular. As a business owner, selecting which option suits you best is up to you. There...

04/09/2023

Were you aware that nearly 20% of self-employed New Zealanders are utilizing incorrect ACC CU codes, leading them to overpay in fees potentially?

The CU code is an important factor used by ACC to establish the levy rates applicable to your business and its potential accidents. It is key to maintaining equitable treatment among all businesses and ensuring that you pay the right amount.

The intricate part stems from the existence of more than 500 distinct CU codes, where your unique CU code is reliant on the BIC codes associated with your registration with the Inland Revenue Department (IRD). With a plethora of more than 5,000 BIC codes to pick from, it is understandable that countless small businesses inaccurately select codes that result in higher expenditure.

Read more here:

Were you aware that nearly 20% of self-employed New Zealanders are utilizing incorrect ACC CU codes, leading them to overpay in fees potentially? The CU code is an important factor used by ACC to establish the levy rates applicable to your business and its potential...

28/08/2023

Whether you like it or not, you have to pay levies to ACC if you are self-employed or own a business. There’s no getting around it; that’s just the way is, but what most people don’t know is that you can actually choose which ACC package you sign up for.

There are two main options: ACC Cover Plus, the default option, and ACC CoverPlus Extra which lets you negotiate the levies you pay to ACC and the pay-outs you get (the higher the levies you pay, the higher the compensation you get and visa versa). The second option is a lot more flexible and can save you significant money. We can show you how to pay lower levies and help you get better protection with private insurance; all you have to do is get in touch.

Link here to read more:

Whether you like it or not, you have to pay levies to ACC if you are self-employed or own a business. There’s no getting around it; that’s just the way is, but what most people don’t know is that you can actually choose which ACC...

14/08/2023

Did you know you have a choice regarding the ACC package you sign up for as a self-employed Kiwi? Cover Plus (the default option) and Cover Plus Extra are popular. As a business owner, selecting which option suits you best is up to you.

There are a few key differences between these two packages that you need to be aware of, and by supplementing them with private insurance, you can save money and get better protection for your family.

Link here to read more;

Did you know you have a choice regarding the ACC package you sign up for as a self-employed Kiwi? Cover Plus (the default option) and Cover Plus Extra are popular. As a business owner, selecting which option suits you best is up to you. There...

07/08/2023

Only a few people realise that there is more to ACC than the medical cover and helping you pay the bills if you have to take time off work because of an injury. Did you know that your ACC levies also provide accidental death cover? This means if you died in an accident, your family could get paid a small weekly amount by ACC for up to five years if their case gets approved. They could also get help paying for the funeral if they apply for the proper grants.

Let’s face it nobody likes the idea of their wife and kids struggling to pay the bills and losing the family home. So free money for the family is excellent, but the pay-out is capped, and they probably couldn’t survive easily off it. Don’t sweat it, though; there are other options you could use to make sure your family is protected. This article covers everything you need to know.

Link here to read more:

Only a few people realise that there is more to ACC than the medical cover and helping you pay the bills if you have to take time off work because of an injury. Did you know that your ACC levies also provide accidental death cover?...

31/07/2023

Were you aware that nearly 20% of self-employed New Zealanders are utilizing incorrect ACC CU codes, leading them to overpay in fees potentially?

The CU code is an important factor used by ACC to establish the levy rates applicable to your business and its potential accidents. It is key to maintaining equitable treatment among all businesses and ensuring that you pay the right amount.

The intricate part stems from the existence of more than 500 distinct CU codes, where your unique CU code is reliant on the BIC codes associated with your registration with the Inland Revenue Department (IRD). With a plethora of more than 5,000 BIC codes to pick from, it is understandable that countless small businesses inaccurately select codes that result in higher expenditure.

In the event that you realize you have been given an incorrect code, the positive update is that you can request a reimbursement for any expenses that were overpaid for a span of four years.

In order to comprehend the importance of a CU code, one must first have a good understanding of what a BIC code is and how these two codes work in conjunction with each other.

Link here to read more:

Were you aware that nearly 20% of self-employed New Zealanders are utilizing incorrect ACC CU codes, leading them to overpay in fees potentially? The CU code is an important factor used by ACC to establish the levy rates applicable to your business and its potential...

17/07/2023

When considering coverage under ACC Cover Plus Extra in New Zealand, it is essential to evaluate the available options. With multiple coverage options, it is crucial to fully comprehend and assess them to ensure that the protection you select suits your specific requirements.

Unexpected mishaps can happen anytime, and it is crucial to have financial security in such circumstances. In New Zealand, the Accident Compensation Corporation (ACC) offers an all-inclusive insurance scheme covering injuries, regardless of who was at fault. People who work for themselves can choose the Cover Plus Extra option with ACC to customise their level of coverage.

To assess their coverage effectively, New Zealanders can learn about the benefits of ACC Cover Plus Extra and check out this article for helpful information. Additionally, seeking financial guidance can be a helpful strategy for those who wish to reduce their ACC levies and switch to private insurance.

Click here to read more:

When considering coverage under ACC Cover Plus Extra in New Zealand, it is essential to evaluate the available options. With multiple coverage options, it is crucial to fully comprehend and assess them to ensure that the protection you select suits your specific requirements. Unexpected mishaps...

06/07/2023

Hi, this is our new site to help self-employed Kiwis determine what cover plus extra means to them. Our help is free and done by licenced advisers in New Zealand.