There is a special rebate for redundancy payments of 6 cents in the dollar. If you have to make any of your staff redundant, remind them they can complete form IR524, immediately, and may get a rebate of some tax, depending on the rate they pay and the total pay-out.
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Check out our latest payroll posts to help you!
Tax Rates in New Zealand
The PAYE for primary employment is – 14.2 % on income up to $14,000, plus – 22.7% on income over $14,000 up to $48,000, plus – 34.7% on income over $48,000 up to $70,000, plus – 39.7% on income over $70,000 up to $106,473. Income over $106,473 is taxed at 38% as this is the […]
Will you get money back?
Inland Revenue are currently running a campaign to encourage tax payers to find out if they are entitled to a Tax Refund. There are a number of companies that can do this for you but they will charge a fee, whereas the IRD service is anonymous and FREE. To find out more click HERE
The role of an effective Payroll Bureau
Every now and then, you might ask yourself what things you can do to streamline some of the operations of your business. Whether this means cutting back on some of the things that you do personally or simply finding a job in the office that can be outsourced to cut costs and reduce the time […]
Top 6 reasons to outsource your payroll
There are many reason why companies outsource their payroll to Ezypay but the top six most common reasons are: Outsourcing lets you focus on your core business activities. Payroll is a cost centre so it makes perfect sense to focus your staff on what gives you a return. You have access to Payroll Specialists who […]
Payroll Backup Planning
Possibly due to the spread of swine flu but we have been fielding quite a number of enquiries from companies asking if we provide any kind of a payroll backup service. Well the reality of the situation is its very hard to walk in and pick up someones payroll without any prior knowledge. Even when […]
Have your say on the Holidays Act
From late July until early December the Holidays Act 2003 will be reviewed and any changes will most probably happen by the 1 April 2010. The Holidays Act 2003 is a major piece of legislation that impacts on everyone. If you wish to make a submission you can do so HERE.
HR Health Check
In-Sync Business Consulting offer Ezypay clients a free HR Health Check. They will review your HR practices in the following areas and help you implement improvements to your practices, or manage difficult issues to successful outcomes. The things they look at in the review are: Recruitment Contracts of Employment HR Policies and Procedures Employee Issues […]
Employment Contracts, do you have them?
At our EzyBriefs meeting this morning we were given an outline of the services that our HR Advisors – In-Sync Business Consulting provide. During the discussion the point was raised that a large number of companies don’t have Employment Contracts, I hope you are not one of them. It is a statutory requirement for every […]
Payroll Outsourcing should be Ezy
There are many reasons why a company might outsource their payroll such as confidentiality; lack of resource; cost of software and time constraints. One other reason is that it is easy. All you have to do is send us your employees timesheets and we do the rest so. We key the timesheets, check the input […]