Payroll Compliance is possibly the biggest reason why companies choose to outsource their payroll to a company like Ezypay. In the UK, around 80% of companies outsource their payroll. This figure will be much less here possibly due to the Kiwi ‘can do’ attitude. Unfortunately, companies still get it wrong as per the following examples […]
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2019 Tax Changes – effective from April 1st, 2019
There is not much happening Tax wise for the 2019/20 Tax Year, just four changes to do with payroll. ACC Earner Levy Threshold – The maximum income on which the ACC levy is applied is increased from $126,286 to $128,470. Student Loan Threshold – The Student Loan Threshold has increased to $19,760 or $380 per […]
Changes to the Employment Relations Act
The following changes came into effect on December 12th, 2018 Changes to the Employment Relations Act now in effect include the following: Union representatives can now enter workplaces without consent, provided the employees are covered under, or bargaining towards, a collective agreement. Pay deductions can no longer be made for partial strikes. Businesses must now […]
Minimum rate to increase by $1.20 in April 2019 to $17.70
New Zealand workers on the minimum wage are set for a significant pay rise. Today the Government announced that the minimum wage will increase to $17.70 an hour on April 1, 2019 – an increase of $1.20 per hour. For a full-time worker this will mean an extra $48 a week before tax. The current […]
Entitled, Accrued and Advanced leave – what is the difference?
We get a lot of questions around the labels used in payroll to describe Annual Leave so the following will hopefully help. Entitled, Accrued and Advanced are used to define the different elements of Annual Leave. To understand them you first must remember that an employees Annual Leave year runs for a 12 month period […]
2017 April Tax Updates
As is customary this time of year, new updates in relation to payroll come into place. Luckily, this year there is very little change, these are: The ACC Earner Levy Threshold increases from $122,063 to $124,053. This means that you do not need to pay ACC on earnings above $124,503, the rate remains at $1.39 […]
Latest Earthquake Status
We are fully operational in Christchurch as most of the damage seems to be North of us. If you are in the affected area and you don’t have access to internet, we will process your pay as best we can and do whatever we can to make sure it gets through as we fully understand […]
Pleading ignorance is no excuse when it comes to Employment Law
Another story regarding a North Shore Food Court that underpaid their staff to the tune of $164,000. They failed to pay staff for all hours worked and for leave etc. MBEI have stated ‘ignorance of NZ employment legislation is no excuse’ and ever employer must ensure staff are paid correctly, this is another perfect reason […]
Farming Trust fined for not complying with Employment Legislation
A farming trust was ordered to pay a minimum of $87,000 for not complying with Employment Legislation. They failed to keep proper timesheets, ensure staff were paid at least the minimum wage, all staff had an Employment Contract and failed to correctly account for working on Public Holidays. You can read the full article HERE!
ACC discontinues the Workplace Incentive Programme
ACC has decided to discontinue their Workplace Incentive Programme as it has not led to a reduction in claims. The programme provided a discount on ACC Levies if you had a recognised ACC process in place. Full details can be read here – faqs-workplace-incentive-products