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31 Results For Esct Deductions

Esct Deductions

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Filing to the IRD in Payroll

…Contribution Tax (ESCT) correctly. This includes: Setting up the Payroll Options to allow ir-Filing Creating the CSV Files for electronically filing to the IRD Uploading the CSV files to the IRD Filing the IR348 Employer Monthly Schedule manually Filing the IR345 Employer Deductions form manually IMPORTANT…

Opting out an employee from KiwiSaver before their first pay

…contributions * Opting out of KiwiSaver after 8 weeks * ESCT calculating on KiwiSaver Employer contributions for employee's under 18 or over 65 * Adding a permanent employee into the KiwiSaver Scheme in Payroll * Adjusting KiwiSaver deduction rates in Payroll Share * Delicious * Digg * Facebook * Reddit…

Employer Superannuation Contributions Tax (ESCT) calculations

…from 1 April 2014 * Filing to the IRD in Payroll * KiwiSaver changes from 1 April 2013 * ESCT calculating on KiwiSaver Employer contributions for employee's under 18 or over 65 * Adjusting KiwiSaver deduction rates in Payroll Share * Delicious * Digg * Facebook * Reddit * StumbleUpon * Twitter Print…

Payroll non-compliance can cost thousands | MYOB Blog

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.

KiwiSaver for casual or temporary employees

…longer than 28 days they become subject to automatic enrolment. * If temporary or casual employees are already KiwiSaver members then KiwiSaver deductions should be made from their first pay. In Payroll, a casual employee with no normal hours/days is not automatically enrolled into KiwiSaver. This is…

Opting an employee out of KiwiSaver after their first pay and refunding their contributions

…As shown in the above screenshot, by reversing the KiwiSaver deduction in the 'current pay' the KiwiSaver is added back on to the pay after PAYE is deducted. Processing in 'Separate Pay' screenshot Note: Reversing the KiwiSaver deduction as a 'separate pay' would correctly create a negative pay (as…

ESCT calculating on KiwiSaver Employer contributions for employee's under 18 or over 65

….com Email *Required Your Feedback *Required Support notes others found helpful * Employer Superannuation Contributions Tax (ESCT) calculations * Adjusting KiwiSaver deduction rates in Payroll * Continuing to make employer KiwiSaver contributions in Payroll when an employee has applied for a KiwiSaver…

Adjusting KiwiSaver deduction rates in Payroll

…Compulsory Deductions tab and alter the rate as required. See our example below. From 1 April 2012 the ESCT (Employer Superannuation Contributions Tax) exemption no longer applies. Prior to this, ESCT was only calculated on employer KiwiSaver contributions over 2% of the employee's gross wage. Now ESCT needs…

Preparation avoids payroll panic | MYOB Blog

1st April might be a day for some people to pull pranks, but in the world of payroll, it's often a serious and fraught day. This year is no exception, with an increase in the minimum wage and new tax changes for payroll staff to incorporate in their employer monthly schedule (EMS), as well as year-end reconciliations.

KiwiSaver changes from 1 April 2013

…Feedback *Required Support notes others found helpful * Payroll 2014 - new compliance changes from 1 April 2014 * Adjusting KiwiSaver deduction rates in Payroll * ESCT calculating on KiwiSaver Employer contributions for employee's under 18 or over 65 * Continuing to make employer KiwiSaver contributions…

How-to guide: payroll changes | MYOB Blog

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.

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