Administering your payroll can be time-consuming and divert you from the core activities of your business. Payroll & employment legislation is growing increasingly complex.
We can relieve you of this burden by providing a comprehensive and confidential payroll service, including:
- Customized payslips.
- Administration of PAYE, statutory sick pay, annual leave etc.
- IR-Filing to the IRD.
- Summaries and analyses of staff costs.
- Administration of incentive schemes, bonuses and termination payments.
Even if you have only a few employees, you will make savings by engaging us to administer your payroll.
Your staff is one of the most important assets, we can help you get the best out of your team.
For employees, 16 years and older, the minimum wage rate is $14.75 per hour. For new entrants and employees on the training minimum wage, the rate is $11.80 per hour
As soon as an employee starts working for you, they must complete a Tax Code Declaration form (IR330) which tells you the rate of PAYE or tax to deduct including student loan repayments. As an employer, you are legally required to use a no-notification rate of 46.45% when an employee or person receiving salary, wages or scheduler payments fails to complete a Tax Code Declaration Form
YOUR TAX OBLIGATION WHEN YOU EMPLOY CHILDREN
If you employ school children, you must deduct PAYE from their wages and complete a Tax Code Declaration form (IR330). The IRD define a child as anyone who:
- Is 14 or under, or is 15, 16, 17 and still attending school, or
- Turned 18 on or after 1 January in the previous tax year and continued to attend school (including a school for people with disabilities), but excluding tertiary institutions)
LUMP SUM PAYMENTS FROM PRIMARY EMPLOYMENT
Lump sum payments (or “extra pays”) include annual bonuses, annual leave cash-up, retiring or redundancy payments, back-pay, payments for restrictive covenants or exit inducements and gratuities
MEET OUR WAGES TEAM
Michelle Weller, our Payroll Officer, together with Katie Hutcheon, attend to wages for our Morrinsville and Thames clients. Karen Hines and Nicky Cody attend to wages for our Matamata clients. Please contact them with any wage queries you may have. They will be only too happy to help.
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