EP 537 - How to Check If You're Paying the Right ACC Rate
Update: 2025-11-09
Description
Most business owners just pick a random ACC classification code when they set up their company. Then they wonder why their ACC bill is so high.
The problem? It's ridiculously easy to get this wrong. You set up a company, they ask for your business industry classification code, and you go "I don't know, that one looks close enough." Meanwhile, there are dozens of subcategories with wildly different rates.
We cover why the classification system is so confusing, how to check if you're in the right bucket, and what questions to ask ACC to make sure you're not overpaying. Plus the real reason ACC might be making losses - hundreds of thousands of businesses probably have the wrong codes.
If you're interested in working together:
Visit our website https://nextadvisory.nz
Let's connect over a quick call: https://calendly.com/philsmith/
Instagram: https://www.instagram.com/nextadvisory.nz/
The problem? It's ridiculously easy to get this wrong. You set up a company, they ask for your business industry classification code, and you go "I don't know, that one looks close enough." Meanwhile, there are dozens of subcategories with wildly different rates.
We cover why the classification system is so confusing, how to check if you're in the right bucket, and what questions to ask ACC to make sure you're not overpaying. Plus the real reason ACC might be making losses - hundreds of thousands of businesses probably have the wrong codes.
If you're interested in working together:
Visit our website https://nextadvisory.nz
Let's connect over a quick call: https://calendly.com/philsmith/
Instagram: https://www.instagram.com/nextadvisory.nz/
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