TRIAL BALANCE NEWSLETTER March 2026
- Mar 26
- 2 min read
SIMPLIFIED WORK LEAVE RULES PROPOSED
For years employers have struggled to understand the rules about paying holiday pay and sick pay.
The government has now come up with a rather simple formula. It isn't law yet so you can't apply the new rules. However, if it becomes law this is how it is currently proposed to work.
PRUDENT BUSINESS STEPS DURING NEW ZEALAND'S ECONOMY RECOVERY
New Zealand's economy is recovering gradually through 2025-2026, supported by lower interest rates, improving household incomes, strong tourism, and stable export demand. However, businesses still face headwinds such as weak confidence, higher energy costs, and global trade uncertainty.
Economic activity has been slow to rebound due to previously high interest rates, weakened consumer spending, and reduced investment activity.
The Reserve Bank has lowevered interest rates, and GDP growth is expected to pick up over late 2025-2026.
Business specific forecasts suggest 2026 will be a period of steady improvement, easying inflation, and more predictable lending conditions.
With that backdrop, here are prudent and actionable steps buiness owners can take.
ALSO IN THIS ISSUE - click here to read more
Prudent business steps during New Zealand's economic recovery
Tax calendar
Take care if winding up a family trust
Tax on sponsorship under review
How to say that difficult word "no" nicely (and still be friends)
Employee image rights
Deal with important stuff now before balance date.
What should you look for in your accounts?
Other items to consider at balance date.
Prepaid expenses.
KEY DATES
7 April 2026
Terminal tax for March 2025 (March, April, May balance dates). For all clients except those who have lost their extension of time privilege.
7 May 2026
Third instalment of 2026 Provisional Tax (March balance date).
28 May 2026
First instalment 2027 Provisional Tax (December balance date).
31 May 2026
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