Covid19 – Information from IRD re Tax Implications of the Wage Subsidy

Your COVID-19 questions Please ensure you keep up to date with clarification about the changes we are implementing to respond to the COVID-19 event please review all information here  Large employers with questions about accessing the wage subsidy should visit: https://www.workandincome.govt.nz/products/a-z-benefits/covid-19-largeemployers.html Wage and Leave Subsidies   Inland Revenue would strongly encourage employers to pass the wage […]

Covid 19 – Paying your Staff, Kiwisaver, Casual Holiday Pay

Paying your staff If you are receiving the COVID-19 Wage Subsidy, you must try your hardest to pay the employee named in your application, at least 80% of their usual wages. If that isn’t possible, you need to pay at least the subsidy rate (ie, full-time or part-time). If your employee’s usual wages are less […]

Covid19 – My pay is normally less than $350 per week

If you have part-time staff that normally get paid less than $350 dollars a week, then all you pay each week is their normal pay at 100%. For example, John works part-time and earns only $200 per week.  You have received $350 in subsidy for him but in this case, you would pay John $200 […]

Ezypay – Week 1 Roundup

Well, it is good to have made it to Friday pretty well unscathed, but we expect the next couple of weeks will be very different as the Subsidy Payments kick in so we will try and cover off how we are going to handle everything from Monday, but we are all on this, ever-changing journey, […]

Covid19 – Recent Communication from the MSD

Please see below the latest communication from the Ministry of Social Development regarding the Leave and Wage Subsidy Payments.  Also, note they have a specific e-mail address for queries regarding the Subsidies – RRT_Canty@msd.govt.nz It would be really good if you could pass on any information you source from them regarding the Subsidy Payments. MSD […]

Covid19 – Payroll is an Essential Service, now more than ever.

As is typical, everyone forgets about the work that Payroll does, out of sight and out of mind, until situations like this occur.  All the current Subsidy payments to employees have to be processed through payroll so we are taking the stance that Payroll falls under the ‘Other Financial Services‘ category and are therefore an […]

Covid19 – Leave & Wage Subsidy

Last week the Government announced two Subsidies to assist companies during these uncertain times.  They come into force from March 17th, 2020. Full details can be found in the attached factsheet – wage-subsidy-and-leave-payment-employer-support-factsheet, additionally more current information can be found at – https://www.employment.govt.nz/about/news-and-updates/workplace-response-coronavirus-covid-19/ The important thing to note regarding these payments is they are Taxable […]

Ezypay – Covid19 Response

Just an update regarding how we are managing the Covid19 situation. All our staff are working from Home and as such you should not notice any interruption to our operations and processes.  Keep using the standard Bureau e-mail and our Phone System as these are all working as usual. As usual, we prioritize pays that […]