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Understanding ACC

Dealing with the Accident Compensation Corporation (ACC) is a major business cost, especially for those in trades or lines of business where accident rates are high, yet many business owners just pay ACC bills willy-nilly without checking their correctness or looking for the many ways to reduce ACC.

Here are some pointers to get you thinking:

Even the new simplified ACC bills are difficult to understand so get your accountant to check the bills before you pay them. Many ACC bills contain errors that go undetected, such as incorrect trade classification. For example, recently a client’s wife was billed $870 for one year’s ACC for her $1,050 per year pin-money very part-time self-employment income!

Read more on ACC here.