Category Archives for "Payroll"

Changes to your payroll

Re MYOB, ACE, IMS, EXO, EssentialsYou may have received an email from MYOB around their payrolls in relation to the Holiday Act 2003., Our holiday legislation is complex and tricky (unlike Australia). The biggest difficulty is with employees who work variable hours. People on set hours or casuals are easy to administer.We’re looking forward to […]

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Summary of the Wage subsidy and Leave Payment available to support employers affected by COVID-19

Refer to the table below and consider your situation. Below is a summary of the Wage subsidy available to support employers affected by COVID-19. For full details see this page on the Work & Income website. Note: the leave subsidy has been folded into the wage subsidy scheme to prevent employers double-dipping. Government are working on arrangements […]

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MYOB Payroll Comparison – 2019

 MYOB offers a range of different payroll packages suitable for different types and sizes of businesses. Understanding which package is most appropriate for your business can be confusing. To help you we’ve created the following comparison table which compares the 4 different payroll packages for small/medium businesses. Please note MYOB have other payroll packages (EXO & PayGlobal) […]

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Why use Payroll software?

Payroll software offers lots of different advantages – for the user, the employees and the organisation. This article gives you 9 powerful reasons why you should use payroll software even if you have just one or two employees. 1 Cost Effective & Saves TimeThere is great potential to save money… especially once you can use the […]

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Why computerise your payroll?

Since the amendments to the Holiday Act 2003, the introduction of the KiwiSaver Act 2006, and the need to Pay Day File (2019), more businesses have converted from manual to computerised payroll. They have done so to simplify and speed up the processing of pays which would otherwise require lots of manual work and detailed […]

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5 Tips to Avoid Holiday Pay Drama

frustration with holiday pay

Are you dreading Friday December 20th and the dreaded holiday pay calculation? Here are some tips to help. Holiday Pay can cause a lot of stress and so learning some simple rules can help smooth the way to better employee relations.  For example; Annual leave is treated differently from BAPS Leave (Bereavement, Alternative, Public Holiday & […]

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Holiday Pay Headaches

Christmas business shut down

Xmas is coming yet again. But before we can swap the keyboard with a glass of wine many of us need to prepare holiday pays for the shut-down. Yes, it’s a headache but one which can be mitigated if you take the time now to plan it. Whether you use MYOB Payroll, ACE Payroll, IMS Payroll, […]

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Tax on KiwiSaver (ESCT)

The monthly IRD reports are causing some confusion for clients running a computerised Payroll program. The schedule doesn’t include a column for the ESCT tax but the remittance advice does. The Employer monthly schedule (IR348) prints figures for Gross Earnings, PAYE, SL, and KiwiSaver. It doesn’t show the tax (ESCT) on the Employer contribuion. See […]

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How to deal with the tax on a staff bonus payment

How do I pay staff a bonus and deal with the tax? Bonuses are commonly used as staff incentives; however there is often confusion about the tax on bonuses paid. There are two types of bonuses: Regular bonuses Gratuitous or “one-off” bonuses Regular bonuses Ones that are paid periodically and should be included in the employee’s gross earnings. […]

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Integrate MYOB Payroll to MYOB AccountRight

MYOB Payroll seamlessly creates and sends a .txt file through to MYOB AccountRight every time you finalise a pay.  Integrating takes a bit of painstaking work to get right but is really worth the effort. Integration saves a lot of manual entering and both accounting and payroll agree for evermore. It is much easier to balance […]

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