NZ members urged to be ready for Payday filing
All New Zealand employers will need to file PAYE information each payday from April 2019. Over 400 employers have already started getting organised so do you know what you need to do to get ready?
Through September and October, Inland Revenue will hold more than 300 free seminars for employers explaining the process and what is required for payday filing across the country. The seminars are designed to support all employers – both large and small. In around 90 minutes, each seminar will cover what payday filing is, how it works, and what you should do to get ready. And there will be plenty of time to ask more specific questions. This is a big change for some employers so it is important to understand what it means for you and your business.
The more accurate and timely information Inland Revenue received through payday filings will give New Zealand families more certainty about what support they are entitled to and what their payment obligations are.
Over time, payday filing will help integrate tax into standard business processes, particularly for businesses that use payroll software. Make sure you talk to your software provider to find out when they’ll be offering payday filing-compatible software.
So to make sure you are ready and if you’ve got questions – register today for a free payday filing seminar with Inland Revenue.