Tag: payroll

Subscribe 7 Posts

08
Apr

8 great wonders of accounting software

Written by Nick Roberts

When I first started in accounting, the most modern machines available for bookkeeping, punched card accounting machines, had been around since 1884, some 90 years. Soon after, computers became more compact and cheap enough to be used by the smaller commercial firms, and the modern computing revolution began. Since then, the pace of development has sped up to the point where nothing stays the same for very long, whether from Windows XP to Vista to Windows 8, or from desktop to cloud.

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21
Mar

RELEASE: Fully Compliant Payroll for 2013

Written by Aishah Mustapha

If there are two things certain in life – death and taxes – there should be another added on to it: changes in tax requirements.

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04
Mar

End of Financial Year Checklist

Written by Nick Roberts

Whilst some of my clients who are not doing so well would love to have a tax bill or two to pay (because then they would be making a profit), for many, paying tax is still an ongoing struggle. A lack of funds is not, of course, any kind of excuse for not paying. So here are a few things that may help:

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22
Mar

New Zealand payroll – it’s on the way

Written by Meagan Wood

We’re very excited to be putting the final touches on some substantial functionality for the Kiwi version of LiveAccounts payroll. This means you’ll soon have a simple and effective way to pay yourself or your employees. Especially designed for smaller businesses, this new payroll functionality will have you completing a pay run in 3 easy steps. Select the pay run date range Select the employees to pay Check the calculated values before printing your payslips!

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09
Mar

How-to guide: payroll changes

Written by MYOB Team

ACC Earner Levy changes The PAYE tax is actually made up of two components – the main being tax, the other being a portion of the ACC Earner Levy that funds the ACC scheme. After increasing steadily for a few years, the Earner Levy is dropping for 2012/13 from 2.04% to 1.7%. While not a massive decrease, it does mean lower PAYE overall for your employees, which will be appreciated. You don’t need to do anything to manage this change. Your payroll software will manage this automatically once you install MYOB Payroll 2012.

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09
Mar

Payroll non-compliance can cost thousands

Written by MYOB Team

With a number of different products – both electronic and online – now on the market, it is important for business owners and managers to ensure the system they use is one hundred percent accurate. Many Kiwi businesses now use technology to streamline their business systems, but it is a double-edged sword if the programme is not fully compliant. Inaccuracies in the amount or the process used to pay staff can have serious financial consequences for both the payroll clerk and the company involved. It is important that business owners ensure the payroll function they rely on is up-to-date with current employment legislation, and is also calculating those functions correctly. Noncompliance can result in fines of up to $10,000 for the individual and up to $20,000 for the company. However, it is easy to avoid such outcomes by selecting a payroll management programme from a trusted source.

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