At the end of the tax year we are frequently asked why an employee has a tax bill ( never a refund !!) to pay. Naturally they find this very frustrating and would rather pay more tax each pay period than be landed with a tax bill. Under New Zealand’s current tax system we operate on [...]
Archive for the ‘Frequently Asked Questions’ Category
Handling PAYE payments
Posted: November 11, 2009 by paularetallick in Frequently Asked QuestionsTags: asb payment service, ird, paye
We have been fielding a large number of calls lately and one common question seems to be how we handle PAYE payments as a number of bureaus are taking the Gross pay from their clients, hanging onto the money, and then paying the IRD when due. Our preference is that you, the client, handles the [...]
In Lieu of Notice Payments
Posted: August 28, 2009 by paularetallick in Frequently Asked QuestionsTags: extra pay, lieu of notice, one off pay, termination pay
In Lieu of Notice payments can be paid to an employee if the employer requests the employee to leave immediately once notice has been given. The number of weeks to be paid is specified in the employment contract which should have been signed by both parties. Conversely, the employer may make deductions from the employees [...]
Payroll Backup Planning
Posted: July 30, 2009 by paularetallick in Frequently Asked Questions, Payroll StuffTags: payroll backup, swine flu
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 [...]
Handling Direct Credits
Posted: July 13, 2009 by paularetallick in Frequently Asked QuestionsTags: asb bank, dc, direct credits, letter of credit
We often get asked if we can handle the Direct Credit arragements for our clients and the simple answer is yes. We use a system provided by the ASB Bank who provide a fantastic service. You don’t need to be an ASB Bank customer in order to use their service. How it works is that [...]
Outstanding, Accrued and Advanced leave – what is the difference?
Posted: July 3, 2009 by paularetallick in Frequently Asked QuestionsTags: accrued leave, advanced leave, outstanding leave, payslips
The three headings are just how Annual Leave is categorised. To understand them you first must remember that an employees Annual Leave year runs for a 12 month basis annually from when they started. At the end of each year the balances are moved from one area to another as follows: The leave that you [...]
Calculating termination pay
Posted: July 17, 2008 by paularetallick in Frequently Asked Questions, Our Ezybriefs, Payroll StuffTags: ezybrief, termination pay
We get a lot of phone calls as to why the amount showing on the Leave Reports for Annual Leave differs to the amount actually paid to an employee when they terminate. The answer is very simple, accrued leave is valued on the basis of the higher of Normal Pay or the Average Pay over [...]
Why do you need the date of birth for employees under 18 and over 65?
Posted: June 26, 2008 by paularetallick in Frequently Asked QuestionsTags: employer tax credit, etc, kiwisaver, new entrant
Current Kiwisaver legislation means that if someone is younger than 18 or older than 65 and wish to make Kiwisaver contributions then these do not form part of Employer Tax Credit available to the employer. Also, if aged between 16 and 18 the employee may be on the New Entrants pay rate so we need [...]
