[IRD] Issue with indication of changes in Payroll Specification

As previously advised, an issue was discovered with the tracking of changes in the Final Version 2 release of the Payroll Specification. Some of the content that has changed between the November Draft specification and the recently published Final version was not showing up with the correct highlighting and/or showing in the Change Log.  

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IHC facing ruin after multi-million pay order

The IHC is seeking a lifeline from the Government as it grapples with the implications of an Employment Court case which could bankrupt it by forcing it to pay $80 million in backpay and an extra $20 million a year in wages. \”We have to appeal,\” said IHC communications manager Philippa Sellens. \”We have no

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[IRD] Final Payroll Specification

The new 2011 payroll specification is now available to be downloaded from the IRD website.   Inland Revenue have made several enhancements to the software developers web-pages on our website.    The URL link to this document is  http://www.ird.govt.nz/software-developers/software-dev-specs/software-dev-specs-index.html#withholding-tax    

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Govt defends proposed changes to Holidays Act

Unions are critical of recommendations from the working group set up to review the legislation, especially reductions to leave entitlements. \”And actually we’re getting a pretty good response from people who think the act passed in 2003 was pretty complex for everybody… but inflexible for employees.\”

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Unions and Labour argue holiday changes unfair

4:00 AM Monday Dec 21, 2009Prime Minister John Key announced the Government policy among other employment reforms in July last year and since then a review of the Holidays Act has been done. Though the report has yet to be made public, a copy was leaked to the Sunday Star Times. Calculating holiday pay was

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Workers get option to cash in holidays

By GRAHAME ARMSTRONG, Political Editor – Sunday Star Times Last updated 05:00 20/12/2009 WORKERS WILL be allowed to swap one week of their holidays for cash from next year. The government will introduce legislation early in 2010, despite opposition from unions who see it as a move to rewind the Labour government’s law change two

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[IRD] [taxpolicy] No change to student loan repayment threshold

The income threshold at which New Zealand-based borrowers must begin repaying their student loans will remain at the current level of $19,084 for the 2010-11 tax year.  The rate is reviewed each year.   For more information see the government’s media statement at: http://www.taxpolicy.ird.govt.nz/

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[DOL] Jobs Online – Measuring changes in the labour market

Measuring changes in the labour market  Earlier this year we outlined the Department’s decision to replace the Job Vacancy Monitor Programme (JVMP) with Jobs Online. This new product has now been launched by Social Development and Employment Minister, Paula Bennett. Jobs Online is a package of indicators that measures change in the number of job

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[IRD] Payroll Giving FAQ’s

The attached document has been created by IRD to answer a number of questions that were asked at the recent NZPPA conference and also questions raised by payroll developers. The document includes a range of examples to assist in understanding how Payroll Giving is calculated in different periods. Payroll_Giving_FAQs__2009.12.14.pdf  

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Govt confirms ACC levy hikes

ACC levies for workers, employers, and motorists are going up next year, ACC Minister Nick Smith announced today. An employee on an average income of $49,500 a year will see an increase of about $150. The Earner’s Account levy, which pays out to employees or self-employed people to cover non-work, non-vehicle injuries, will increase from

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[IRD] December issue of Agents Answers

[IRD] December issue of Agents Answers In this issue you can read about IRD services during the holiday season, IRD Business Tax Update newsletter, correspondence guidelines, new features for 0800 numbers, taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009, 10% voluntary repayment bonus for student loan borrowers, change to FBT returns, deductibility of

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