A shareholder-employee is someone who owns part of a ‘close’ company (shareholder) and also works for the company (employee). Being employed through your own company can mean wearing more than one hat. You have responsibilities as company shareholder, as well as a business employer and an employee, all at the same time.
Shareholder-employees can be similar to the self-employed or to small business. In this section, we explain what you need to do and what your options are. Depending on the way your company is structured, you will be directed to information in the self-employed or the small, medium and large business section. If you do not work through your own company but you work as a sole trader, in a partnership, or receive withholding or schedular payments, you are considered self-employed.
Gives an overview of what you need to know when you first start a company that employs you.
- Frequently asked questions: New shareholder-employee
- ACC4871 Getting to know ACC - An overview of ACC for employers and the self-employed (PDF 2.2M).
Your business needs to pay ACC levies for each employee. As an employee you may also pay levies as part of your PAYE deductions.
- Levies for shareholder-employees
- Calculate your next levy invoice
- Levy calendar
- What are classification units?
- Liable earnings for shareholder employees
- What are residual levies?
- Why levies change
- What if my circumstances change?
This section covers payment options; information about what is in an invoice pack, when you will receive your invoice pack, what to do if you don’t agree with your invoice and what happens if you don’t pay your invoice on time.
Goods and Services Tax (GST is charged at 15%. All ACC levies are subject to GST.
On 1 April 2011 ACC introduced experience rating, a system of modifying a business’s ACC Work levy based on its claims history.
Experience rating recognises and rewards business owners (including self-employed people) with good claims experience, and encourages a focus on improving workplace safety and making New Zealand businesses better places to work.
Find out more about Experience rating and how it may be applicable to you.
Our Preventing Injuries – At Work section has more information and support around preventing and managing injuries in your workplace.
Your business must provide ACC cover to all employees, including shareholder-employees.
Different cover product options are available, based on whether you are a non-PAYE shareholder-employee or a PAYE shareholder-employee.
ACC offers a number of ways for businesses to reduce their levy payments by working to reduce risks in the workplace.
You are automatically covered by ACC if you have a work-related injury or illness, or if you get injured outside of work. It is important to make an ACC claim as soon as possible so you can receive entitlements.
Keep your workplace safe and free from injury with these tips and resources.
Last updated: 1 April 2013