ACC invoice guide for the self-employed 2012

Transcription

1 Working for business ACC invoice guide for the self-employed 2012 Helping you understand ACC s invoices ACC6507-Pr09.indd 1 20/08/12 11:56

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3 Contents Introduction 2 ACC CoverPlus Statement 3 ACC CoverPlus Invoice 4 No Claims Discount 7 Reverse of statement page 8 Policy information ACC6507-Pr09.indd 3 20/08/12 11:56

4 Introduction The ACC invoice you receive shows the levies you must pay for ACC cover. Levies are based on your liable earnings, the type of business activity you undertake (classification unit) and whether you are in full or part-time employment. The ACC levy year starts in April and ends in March but invoices are sent out at different times of the year, depending on the type of cover you have and when ACC receives liable earnings information from Inland Revenue. This guide contains a sample ACC CoverPlus invoice with multiple options displayed. Only sections relevant to you will appear in your invoice pack. This guide does not include a sample invoice for ACC CoverPlus Extra (optional product for self-employed people) as there have been no changes to these invoices this year. For more information on invoices and ways to pay visit ACC6507-Pr09.indd 4 20/08/12 11:56

5 ACC CoverPlus statement Your CoverPlus statement 2011/12 Keeping you covered Business Name that has 50 characters so it is longx Address line 1 has 40 characters xxxxxxxx Address line 2 has 40 characters xxxxxxxx Address line 3 has 40 characters xxxxxxxx Address line 4 has 40 characters xxxxxxxx 8888 ACC tried to contact you earlier but your details have changed. If your details change in the future, please advise ACC on This invoice is based on the following information about you: ACC Classification: Painting and decorating services Employment status: Part-time (working 30 hours or less per week, when combining all sources of income) If any of this information is incorrect please call Opening balance at DD Mmmmmmmm YYYY This may include amounts on a payment plan Final invoice for DD Mmmmmmmm YYYY to DD Mmmmmmmm YYYY Invoice amount due. Please see invoice IPS on following pages Payment Slip Current account balance AMOUNT TO PAY BY DD MMMMMMMM Ways to pay: 1 Online Banking using your bank s website 2 Pay on our website: 3 Pay in person at a PostShop or Westpac branch 4 Post this payment slip and a cheque to us Business Name ACC number: Amount to pay: Due date: XXXXXXXXX XXXXXXXXX $6, July 2011 ACCOUNT SUMMARY ACC NUMBER: W S DATE: DD Mmmmmmmm YYYY AMOUNT TO PAY: $18,888,888, DUE DATE: DD Mmmmmmmm YYYY Cr Cr Cr Cr Got a Question? To learn more about ACC CoverPlus, call: visit: or [email protected] The Employment Status (full-time or part-time) and Classification Unit (description of what you do for a job) displayed here are used to calculate your levies. The Opening Balance is the account balance prior to this invoice. The invoice is based on earnings details received from Inland Revenue. The Current Account Balance is the total of all invoices owing. This may be different from the amount to pay if invoices from previous years are outstanding. The Amount To Pay relates only to the invoice included in this pack. On a credit note this will not be displayed. 5 Set up a direct debit with us Turn over for more details Amount paid: $ Late payments may attract penalties and may be referred to a debt collection agency. ACSACA E Accident Compensation Corporation GST Number: Page 1/4 Amount and Due Date only relate to the invoice included in this pack. They do not include the opening balance. Amount and Due Date are not displayed on a credit note ACC6507-Pr09.indd 5 20/08/12 11:56

6 ACC CoverPlus Invoice TAX INVOICE 2011/12 Covering Business Name that has 50 characters so it is longx Address line 1 has 40 characters xxxxxxxx, Address line 2 has 40 characters xxxxxxxx, Address line 3 has 40 characters xxxxxxxx, Address line 4 has 40 characters xxxxxxxx 8888 ACC NUMBER: WN560723E DATE: 30 JUNE 2011 INVOICE NUMBER: IPSXXXXXXXX DUE DATE: DD Mmmmmmmm YYYY 1. Self-employed income used for calculating your levy Schedular payments Active Partnership income Self-employed income Expenses Your income has been adjusted to the maximum liable amount 2. Your income as an employee Total gross income Income not liable for ACC Shareholder employee salary 3. Your total liable income The levy calculation relates to earnings information received from Inland Revenue. This information will only appear if the earnings have been adjusted to ACC s minimum or maximum earnings thresholds. This information will appear if income has been received as an employee. Total liable income for 1 April 2011 to 31 March Your discount from the No Claims Discount Programme The modification rate from your No Claims Discount % (The discount is included in your classification and rate below) Please see following pages for details. Accident Compensation Corporation GST Number: Got questions about your invoice? call: visit: or [email protected] continues Page 2/4 A No Claims Discount may be available to you. For more details on the No Claims Discount programme visit Any discount is applied to the current portion of the Work Account levy. This levy covers medical, rehabilitation and weekly entitlement costs for injuries that happen at work ACC6507-Pr09.indd 6 20/08/12 11:56

7 5. Your classification and rate Coastal or international water transport (vessels 45 metres length and under or 500 tonnes displacement and under) 6. Your classification and rate Coastal or international water transport (vessels 45 metres length and under or 500 tonnes displacement and under) For DD Mmmmmmmm YYYY to DD Mmmmmmmm YYYY For DD Mmmmmmmm YYYY to DD Mmmmmmmm YYYY $88.88 per $100 of *The classification rate is $88.88 and your modified rate after Experience Rating is $88.88 ACC CoverPlus Extra policy value For DD Mmmmmmmm YYYY to DD Mmmmmmmm YYYY Includes Experience Rating modification $88.88* per $100 of TAX INVOICE 2011/12 continued The Classification Unit and Levy Rate given here affects the levy payable. It should reflect the type of work you do. If this is wrong please contact ACC. The levy rate is a dollar rate per one hundred dollars of liable earnings and is multiplied by the total liable earnings as calculated in Section 1. If the type of cover (CoverPlus and CoverPlus Extra) has changed over the cover period the cost will be pro-rated. 7. Your workplace safety incentive WorkPlace Safety Discount 10 % 8. Cover for non-work injuries Earners levy $88.88 per $100 of 9. Self-employed income used for calculating your other charges If you have a workplace safety incentive such as Workplace Safety Discounts (WSD) the discount and subsequent levy savings on the current portion of the work account will be displayed. For more information on WSD visit Schedular payments Active Partnership income Self-employed income Expenses Accident Compensation Corporation GST Number: Got questions about your invoice? call: visit: or [email protected] Page 3/4 If you have stopped selfemployment, the previous years earnings received from Inland Revenue will be used to calculate the Other Charges. If you are still self-employed this box will not be displayed ACC6507-Pr09.indd 7 20/08/12 11:56

8 10. Other charges (for period 1 April 2088 to 31 March 2088) Residual portion of the Earners levy Coastal or international water transport (vessels 45 metres length and under or 500 tonnes displacement and under) $0.88 per $100 of TAX INVOICE 2011/12 continued The Residual Levies are based on the actual earnings details received from Inland Revenue. These cover both work related injuries that occurred prior to 1 July 1999 and non-work related injuries to earners that occurred prior to 1 July The residual levy will continue until 2018/2019. Residual portion of the Earners levy Health and Safety in Employment levy 11. Subtotal ACC levies subtotal 12. GST GST for 2088/88 $0.88 per $100 of $0.88 per $100 of 15% of The Health and Safety in Employment levy is collected on behalf of the Ministry of Business, Innovation and Employment and is a fixed rate per one hundred dollars earned for every levy payer in NZ. The amount paid varies based on liable earnings. 13. Previous charge for this year 2088/88 Previously invoiced (including GST) 14. Your final payment for 2088/88 REASSESSED PAYMENT FOR 2088/88 This includes a decrease in GST of from the previous invoice. Your levies have been reassessed because your details have changed. Cr If this is a reassessment of an invoice already issued for this financial year, the previously invoiced amount will be displayed here to be deducted from the total amount due. Accident Compensation Corporation GST Number: Got questions about your invoice? call: visit: or [email protected] Page 4/ ACC6507-Pr09.indd 8 20/08/12 11:56

9 No Claims Discount NCD 2012/13 You will only receive this information if you have claims which have affected your No Claims Discount. No Claims Discount for Mr AB Sample 12 Sample Street, Sample Suburb, Sample City 1024 ACC NUMBER: A s DATE: 30 May 2012 INVOICE NUMBER: IPS Your discount from the No Claims Discount programme The modification from your No Claims Discount 0% You could reduce your ACC levy by making your workplace safer. Visit for more information. Claims that impact your No Claims Discount The following claims contributed towards your no claims discount result as they have an accident date between 01 April 2008 and 31 March 2011, with weekly compensation payments (Days), or it was a fatal claim. LEVY RISK GROUP HOUSE CONSTRUCTION (303) House construction ACC CLAIM# NAME ACCIDENT DATE DAYS Sample, AB 25 March Total qualifying weekly compensation days 21 Total fatal claims 0 This Percent Discount or Loading is applied to the current portion of the Work Account levy. All claims are displayed in Accident Date order under the appropriate Levy Risk Group and Classification Unit. For more details on the No Claims Discount programme visit Accident Compensation Corporation GST Number: Got any questions? call: (for claims related questions) call: (for levy related questions) visit: Page 5/ ACC6507-Pr09.indd 9 20/08/12 11:57

10 Reverse of statement page About your invoice Ways to pay There are many easy, secure ways to pay your levies. Choose the one that suits you. 1. Online Banking using your bank s website Pay your invoice via your bank s website. To ensure we process your payment correctly, you need to provide the following information: Particulars: Levy Account name Payee Code: ACC number eg YN123456E or Y E Reference: Invoice number eg IPS You can search for ACC on your bank s list of pre-approved payees (usually a dropdown list in alphabetical order). If you are unable to select ACC from your bank s list of pre-approved payees, use the below information to set up a payment: Name of Bank: Westpac Name of Account: Accident Compensation Corporation Account number: Pay on our website Visit acc.co.nz/paylevy before the invoice due date and pay with your credit card. Please note that ACC s bank, Westpac, applies an online convenience fee of 2.49% to credit card payments. ACC does not receive any part of this fee. 3. Pay in person at a PostShop or Westpac branch Take your payment slip into any NZ Postshop or Westpac branch and you can pay by cash, cheque, or EFTPOS. 4. Post us a cheque with your payment slip Please make your cheque out to Accident Compensation Corporation, tear off your payment slip, and send them to: ACC Processing Centre PO Box Wellington Mail Centre Lower Hutt Direct Debit or instalments You can pay your invoice by one-off direct debit or by instalments over 10 months if your invoice is over $500 excl GST (additional fees may apply). For information on how to do this call What is this invoice for? There are several components to your CoverPlus levy. The first two are your Work and Earners levies - these cover you for injuries while at work and outside of work. The other components are the Residual and Health and Safety in Employment levies: The Residual portion of your levy is a cost shared by all levy payers to cover historical claims. The Health and Safety in Employment levy is collected on behalf of the Ministry of Business, Innovation and Employment (formerly DoL) to help fund its occupational health and safety services. You can do business with us online ACC offers secure, online business access to your ACC account. Register at Or scan this QR code using the camera on your smartphone (a QR reader is downloadable from your app store), to take you directly to ACC s website. Any questions about your invoice? If you have any questions or concerns about your invoice, please get in touch with us at the ACC Business Service Centre on If, after talking to us you are still not happy, you can apply for an independent review. If you want a review, you must apply in writing within three months from the date you receive your invoice. Problems paying your invoice? If you think you may have problems paying your invoice in full or on time, please contact our Business Service Centre on as soon as possible. The Amount to Pay is your balance owing for the levy year for which you have received this invoice. The Current Account Balance is your total balance outstanding from all levy years which may or may not be under an existing payment plan. The reverse of the statement page includes information on payment options including ACC s bank account details. It also briefly explains the different components that make up the levy, what each covers and how to get more help or assistance. Discover the benefits of CoverPlus Extra Self employed with a variable income? Want to guarantee your level of income at the right level if the unexpected occurs and a covered injury prevents you from working? Find out if CoverPlus Extra is right for you. Talk to your advisor or call ACC free on or visit ACC6507-Pr09.indd 10 20/08/12 11:57

11 Policy information What does your levy pay for? Getting you and your business back on your feet ACC CoverPlus helps you minimise the impact of accidents in or out of the workplace - and it provides you with the peace of mind of 24-hour no-fault personal injury cover. As a self employed person, your income depends on your ability to work. When you have a covered injury ACC can provide the full range of treatment and support you need to get you back on track - including medical treatment, rehabilitation, and compensation for lost earnings. Returning to work after an injury is good for your recovery. Research shows people recover faster when they re back at work, even just for modified duties. The policy information section is only sent out on the first invoice, not reassessments or reissues. It outlines what you are paying for. Tailored support to get you back to work ACC CoverPlus can provide you with the tailored support needed for a quick recovery. This can include: Treatment for example, medical costs, doctors visits, X-rays, prescription costs. Income support if you need time off work, we can pay up to 80% of your earnings. Other support ACC cover can contribute to the costs of travelling to treatment or work, help at home with housework and child care, home and car modifications for those who are more seriously injured, and other benefits. Fatal cover in the rare instance that injury results in death, we can provide financial support to your family. What should you do if you are injured? You have an important role to play in ensuring you receive the treatment you need. Getting the right treatment can mean a quicker recovery, getting you back to work and an everyday life as quickly as possible. This includes: Ensuring you seek medical treatment as soon as possible. Having enough money set aside for the first week following your injury. ACC will pay up to 80% of your earnings from the second week onwards. Working with ACC to develop your rehabilitation plan. Reviewing your workplace and making sure you have a safe environment to work in. Other benefits every New Zealander enjoys Best of all, the ACC scheme is based on a no fault policy which means you can t be sued in New Zealand for personal injury damages (other than for exemplary damages). This protects New Zealand people and businesses from the huge costs that are associated with litigation that businesses and people based overseas often experience. Employees of a business who are injured at work are funded by levies paid by their employers. If they are injured outside of work their cover is funded by levies paid though their PAYE. Cover for non-earners, such as children, the elderly, students, unemployed and visitors to New Zealand, is funded by the Government. Cover for injuries involving motor vehicles on public roads is funded through levies on vehicle registration and petrol sales. This information is intended to serve as a general guide. For any legal or financial purposes the Accident Compensation Act 2001 and any associated Regulations take precedence over the contents of this information. For more information about ACC CoverPlus call: or visit: ACC6507-Pr09.indd 11 20/08/12 11:57

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14 Printed in New Zealand on paper sourced from well-managed sustainable forests using oil free, soy-based vegetable inks ACC6507 August 2012 ISBN: ACC6507-Pr09.indd 14 20/08/12 11:57