Released Wednesday, 4 November 2009 Annual wage growth in the adjusted Labour Cost Index was 2.1% in the September 2009 quarter, the lowest growth rate since 2002. The adjusted Labour Cost Index showed annual wage growth was the strongest in the education industry (up 3.7%) and health & community services (up 3.4%). Labour demand continued
In this issue you can read about 2009 income tax filing season, L letter availability, major tax bill passed, reducing paper statements and notices, UOMI rates current and past, GST returns filed online and refund transfer requests, Online tools – *tool for business*, *Payroll giving*- a new initiative, NZICA road show at a town near
The law change will let bosses decide when work breaks will be taken. The Government has introduced a law change that will allow bosses to withhold workers’ regular breaks, and instead pay for the time or trade the breaks for time off later. National’s bill allows bosses to replace regular breaks with \”compensatory measures\”. These
New legislation has clarified the treatment of relocation payments as exempt income to employees and under what circumstances. What has changed for relocation payments? The government has exempted payments (not taxed) from being considered as income if it is made to an employee or on behalf of an employee AND if that payment is in
The government has updated legislation regarding payments made to people who volunteer their time and service. Who is a volunteer? For the purposes of honoraria and reimbursement payments, a volunteer is defined as A person who freely undertakes an activity in New Zealand— a. chosen either by themselves or by a group of which they
At present, if a company goes into liquidation the liquidator must pay creditors in the following order: * Secured creditors (where debt is secured by a specific asset).* Liquidators’ fees.* Staff, up to $18,700 per staff member.* The IRD for unpaid GST and PAYE.* All other unsecured creditors. Your comments?
If you want the dates for upcoming and future public holidays the Employment Relations Service (DOL) has done all the work for you, right up to 2016! Use the following link. http://www.ers.govt.nz/holidays_act_2003/dates/
Thursday Oct 22, 2009 The Government will open ACC to competition after striking a deal that will see the ACT Party support proposed ACC legislation when it comes before Parliament next week. ACC Minister Nick Smith says it is the Government’s intention to work with ACT to open the ACC workers account to competition. Act
At NZPPA we are coming across new payroll applications every week. What we want to do is create a list of payroll applications used in NZ. Can you help us? Please provide the name, company name of the provider and website address (if possible). Once we have a list we will publish the list on
1:48PM Wednesday Oct 14, 2009 Changes to ACC are likely to cost the family on the average income of $45,000 an extra $315 a year. ACC has today released its proposals, which include increases to levies such as motor-vehicle registration. Motorists will have to pay around $30 a year more, from $287 to $317, through
Legislation introducing the new voluntary payroll-giving scheme for charitable donations, which comes into effect on 7 January 2010, is part of the recently enacted Taxation (International Taxation, Life Insurance, and Remedial Matters) Act. Our special report explains the tax mechanism for delivering tax credits for payroll donations and offers examples of possible approaches to setting
The best way to deal with a workplace problem is to prevent it from occurring. As an employer you should make sure you have the information and guidance you need, both when setting up an employment relationship and when problems arise afterwards. You should try in good faith to resolve any problems with your
If you are an employer it is important to understand the law relating to disciplining and dismissing staff. Good employment relations are vital for business success and for these relationships to be effective employers need to understand what they can do and how they should do it. To help get it right the Department of
Building constructive employment relationships makes good business sense: organisations with good employment relationships tend to be more successful. When problems emerge, they are best resolved promptly by the parties themselves. Most employers and employees do a good job of preventing problems, or resolving them by dealing with each other honestly, openly and with mutual
There is a new version of the payroll specification document available on the Inland Revenue website at: http://www.ird.govt.nz/payroll-employers/software-developers/software-specs/ This new version includes the following: * Inclusion of Payroll giving updates legislation about payroll giving is effective from 7 January 2010. from that date IR will accept payroll giving information in the new
Saturday Oct 10, 2009, from the NZHearld, By Brian Fallow Double-digit increases in ACC levies are in the offing next year after the corporation posted a $4.8 billion loss for the year to June 2009. \”We have got to the point where the continued existence of the scheme is under threat,\” chairman John Judge said.
In this issue you can read about making the L letter fit the bill, changes to student loan cover pages, client maintenance, enhancements to online services for tax agents, determinations, return and correspondence service levels, clients* tax returns affected by the new foreign investment fund (FIF) rules, student loan write offs, validity of Disputes Documents.
In this issue you can read about our redesigned KiwiSaver website, maximum paid parental leave weekly rate, child support codes, correct FBT rate, our online security, and buyer-created tax invoices for GST. Here’s the link to the October issue of Business Tax Update: www.ird.govt.nz/aboutir/newsletters/business-tax-update/
One of the aims of NZPPA is to gain recognition for the work of payroll practitioners. Part of this is about how much payroll professionals are being paid. NZPPA believes that payroll staff are not paid for the complex work that they do, to pay staff correctly and on time. Over the last ten years
Following the disestablishment of the Pay and Employment Equity Unit in June 2009, the Department of Labour will continue to provide to both public and private sector organisations the pay and employment equity resources developed by the Unit. Government policy supports continuing implementation of pay and employment equity response plans, excluding pay investigations of female-dominated