The current pandemic has seen a lot of confusion for employers as well as for employees about what happens when hours or pay are reduced. So, first things first, in
Year: 2020
Q&A from MBIE to Payroll Providers (9 April 2020)
Click here to download Payroll Provider Q&A for release
CONVID 19 Latest information provided to payroll providers from MBIE Q&A
Click here to download Payroll Provider Q&A for release
IMPORTANT FOR NZ PAYROLL: IS THE WAGE SUBSIDY AND LEAVE PAYMENT IS TAXABLE FOR THE EMPLOYEE?
Short answer: Yes, they become part of the employee’s gross earnings. NZPPA has been in discussion with IRD on this since these new payments were announced and have had it
Example of how the Government Wage Subsidy and Leave Payment is taxed
The wage subsidy and leave payment are subject to tax and become part of gross taxable income for the employee. Example of the Wage Subsidy: A full-time employee (working more
THE “NOTS” OF THE HOLIDAYS ACT ARE STILL NOT UNDERSTOOD!
I get questions every day on the Holidays Act and I am amazed that the fundamentals are still not understood, or for whatever reason are not being correctly applied to
HOW CAN YOU RUN PAYROLL WHEN YOU DON’T KNOW IT?
I spend a lot of time explaining why things need to be done a certain way in payroll to senior managers and even payroll practitioners. It’s required to ensure compliance,
CAN YOU PAY LESS THAN THE MINIMUM WAGE FOR LEAVE PROVIDED UNDER THE HOLIDAYS ACT?
The short answer is YES. Now, this is not about the bad employer exploiting the downtrodden, overworked employee, this is just a consequence that can happen because of the averages
WHAT’S IN STORE FOR NZ PAYROLL IN 2020?
Another year, another set of challenges for payroll! After the year of delivery (I did not see anything for payroll!), we now face a year of uncertainty. The things that
WHY THE HOLIDAYS ACT REVIEW HAS FAILED EVEN BEFORE IT’S RELEASED!
Author: David Jenkins, NZPPA CEO We are still waiting on the Minister to release the Holidays Act Review Report, which after several delays was provided to him in early October