As in all my articles, my mantra is to “keep it simple” in payroll, as that is what works in payroll. I have written before on issues with how salary has been provided and applied to employees in payroll. Still, it’s one of the annoying questions (other than the Holidays Act) I regularly get where […]
Category: Payroll & Taxes
School staff to get an ‘interim’ payment of $38 million for Holidays Act issues
Thousands of school staff are about to share more than $38 million in partial compensation for underpaid holiday entitlements. The Ministry of Education told schools this week it would make the first tranche of payments later this month. But it told RNZ full settlement of the problem would take several years, and $408m had been […]
Everyday payroll questions, how many can you answer?
Can an employer decide not to provide the opportunity to cash up Annual Leave to employees? If an employee has annual, sick and alternative leave on Termination, which one(s) must be paid out? Do you have to pay an employee if they are on Jury Service? What period of gross earnings is the ‘extra pay’ […]
April 2021 Tax Changes
ACC Earner Levy Threshold – There are no changes to the ACC Earner Levy Threshold this year. Student Loan Threshold – The Student Loan Threshold has increased to $20, 280 and the required deduction remains at 12%. New Top Tax Rate – A new Main Tax Rate of 39% takes effect from $180,000. New Extra […]