Payroll Calculations (+) (Level 4)

This course is being revamped and will be available from June 2019

For

Payroll Managers, Team Leaders, payroll practitioners and anyone involved in the configuration of a payroll system.

Purpose

How complex payroll becomes within a business depends of the range of terms and conditions provided to employees by their employer. This practical course will cover a range of the more complex payroll calculations used in payroll and explore when and how they are applied. Participants will be provided with a comprehensive manual that includes fully worked examples. Participants will also undertake a range of exercises to practice these calculations.

Duration

1 Day

Course Content

Holidays Act 2003:

· Calculating in hours vs. days/weeks

· Changing the working week (by agreement) and the impact on AL entitlement

· Determining an otherwise working day

· Transferring public holidays: Christmas/New Year, Waitangi Day and Anzac Day.

· Setting accrual rates for AL day/week/month (by agreement)

Parental Leave:

· Extended examples on the impact of parental leave on AL

Lump sum (Extra pays):

· Restrictive, exit inducement, and

· Taxing extra pay at a secondary tax rate)

ESCT (Superannuation/KiwiSaver):

· Working out on the grossed-up amount of the ESCT

· Taxing contributions at the employee’s personal tax rate

 

Student loan deductions:

· Calculating Special deduction rate (SDR)

Injury Prevention, Rehabilitation and Compensation Act 2001:

· Calculating abatement of compensation

Other topics covered:

· How to report and pay different types of payments and deductions to IRD

· Understanding the hierarchy of deductions (which come out first)

· Overview of what is salary sacrifice

· The rules for tax for non-resident employees

· Overview of calculating FBT in relation to payroll

· Special types of employees (how they are taxed)

 

Learning Outcomes

At the end of the course participants will be able to:

  • Identify risk areas in the calculation of an employees pay.
  • Explain the advanced legislative requirements in relation to payroll.
Member Price: NZ$695.00 + GST
Non-member Price: NZ$1,095.00 + GST

If you are an NZPPA Member, logon to get member pricing

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