The tax rate for all employees changes on 1st April 2010.
The ACC Earner Premium rate increases from $1.70 to $2.00 per hundred dollars of gross earnings for pay periods ending on or after 1st April 2010.
New SB Tax Code
The new SB Secondary Bottom tax code is for employees in secondary employment earning less than $14,000 a year.
Do not use this code until after 1st April 2010.
IR File Format Changes
Significant changes have been made to the IR File format. All returns produced using previous formats will not be accepted by the IRD after 1st April 2010.
These changes are to enhance the accuracy of the IR File process, and accommodate Payroll Giving.
The facility to enter and communicate the employer's email address
to the IRD has also been added.
Ace Payroll Changes
For clients on a support plan we added an
Internet Backup Service which is a safe and effective way of backing up data files to the Ace Payroll secure data centre.
Why has my employee's take home pay gone down after 1st April 2010?
The ACC Earner Premium rate increases from $1.70 to $2.00 per hundred dollars of gross earnings for pay periods ending on or after 1st April 2010.
This means every employee pays 30 cents more in ACC Earner Premium for every $100
of gross earnings.
If an employee earns $600 a week gross their take home pay drops by $1.80 a week.
What is the best way to direct credit all an employee's nett pay?
To direct credit all an employee's pay to a bank account set the criteria of the last or only account to
BALANCE rather than entering the amount of the nett pay.
This way the direct credit is automatically updated if the nett pay changes through tax changes or pay rate adjustments.
Changes on 1st April 2010
Taxing of holiday pay