ACC REBATE FOR THE 2012 YEAR
For those of you who have earnt over the threshold of $111,669 from one source of income for the 2012 tax year, you may be due a refund. Any earnings over this amount are not liable for the ACC levy which is part of your PAYE deduction taken each payday. The levy for the 2012 […]
Student Loan Scheme Amendment Bill ( No 2)
This makes for interesting reading, a lot of us either have a student loan or have children with student loans. I have copied this directly from an email I have received from the IRD. If you are interested in receiving these emails, please let me know and I can forward the link to you where you […]
Kiwi Saver – Employer Contribution Rate
There is always something new to learn when it comes to payroll. One of our clients recently requested kiwiSaver employer contributions to be deducted at 5%. I promptly told them it was either 2, 4 or 8 % as per the IRD website. However, since the introduction of ESCT, Employer Kiwi Saver can be […]
Holiday Pay Calculations
Holiday pay calculations have been a grey area in some employers eyes, however the Holidays Act has always specified that bonus and commission payments etc. paid on a regular basis need to be added to the holiday pay calculation. This article appeared in the Sunday Times over the weekend and may be of interest to you. […]
Child Support Changes to go ahead ……
The following has been taken from the IRD’s website and will be of interest to some of your employees. Minister of Revenue Peter Dunne has announced that changes to the way the child support scheme is administered will proceed, with legislation likely to be introduced in the next few months. For more information see the […]
Does an employee get paid for Monday when they are unable to get to work due to the snow !
This extract is from the Chamber of Commerce, it will help answer your question on whether or not to pay your employee if they were unable to come to work on Monday due to the snow. Paying staff during snow disruption Many businesses will be experiencing disruption to their normal staffing levels due to the recent […]
IRD Mileage Allowance Increased
The IRD mileage allowance used by employers to compensate employees for using their private car on company business has increased from 70 cents per kilometre to 74 cents per kilometre for the 2011 tax year.
Earthquake Tax Changes
After the September and March earthquakes some companies paid their employees an ex gratia payment to help them over this unsettling period. Originally, the IRD deemed the payments were taxable but tax changes have been introduced to respectively fix this. This applies to any payments made within 8 weeks of either earthquakes ( some conditions do apply) […]
Cashing up Annual Leave as at 01 April 2011
As from 01 April 2011 employees and employers can negotiate the cashing up of one weeks annual leave. This leave is not accrued leave but outstanding leave ( leave that is 12 months old) see the link below for further info. Ezypay can send you a Cash-Up holiday Consent Form – just send an email […]
Minimum Rate Increases from 01 April 2011
The Minimum Adult Wage increases from $12.75 to $13.00 per hour from 01 April 2011 for all employees 16 or over who are not a new Entrant or a Trainee. The New Entrant and Minimum Training Wage will increase to $10.40 per hour from 01 April 2011.
