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Payroll Update - Festive Season Shutdown


Festive Season Shutdown – Leave Management Plan

Have you worked out your team’s Leave Management Plan? If your business traditionally shuts down over the festive season you need to plan closing and opening days, check if anyone needs to work during the closedown, get your team sending in their leave requests, and start organising!
Check out People in Mind’s excellent article on ‘Planning Leave for the festive season’: https://www.peopleinmind.co.nz...


Public Holidays this festive time
•Christmas Day – Sunday 25 December or Christmas Day Observed – Tuesday 27 December 2022
•Boxing Day – Monday 26 December 2022
•New Year’s Day – Sunday 1 January or New Year’s Day Observed – Tuesday 3 January 2023
•Day after New Year’s Day – Monday 2 January 2023
For further dates, please check out: https://www.employment.govt.nz...


Public Holidays – What is an ‘otherwise working day’?

It’s important to be able to work out whether a day is an ‘otherwise working day’ for an employee to work out their entitlements. Where it is unclear, an employer and employee must reach an agreement based on several factors.
Check out these links: https://www.employment.govt.nz...
https://www.employment.govt.nz...


Alternative Days

An employee gets an Alternative Day for working on a public holiday that is an ‘otherwise working day’.
We recommend employees use the Alternative Day, where possible, soon after the Public Holiday worked.
Want to know more, check out: https://www.employment.govt.nz...

Wages & Salary payments to employees when they fall on a Public Holiday
If pay day falls on a public holiday, employees must be paid on the last working day BEFORE the public holiday. If your employee is happy to be paid after the Public Holidays this is acceptable but remember all discussions with employees should be made in ‘good faith’.


Tax on Lump Sum Payments – Extra Pays

Lump sum payments include annual or special bonuses, cashed-in annual leave, retiring or redundancy payments, back pay, lump sum holiday pay, plus more, need to be taxed on a Lump Sum Basis.
For assistance go to: https://www.ird.govt.nz/employ...


Paying Bonuses – Are they discretionary?

There is a lot of confusion around paying bonuses and implications on an employee’s leave rate. If the payment is not in an employee’s employment agreement the payment is a DISCRETIONARY PAYMENT. This will not be included in the gross earnings when calculating the value of annual leave.
This may apply to a Christmas bonus but check your employment agreement.
‘Discretionary payments’ are defined by MBIE on this page: https://www.employment.govt.nz...


Payroll team at Accounted4

Anne Bland Extension 831 Email - anne.b@accounted4.co.nz
Carolyn Lawrence Extension 837 Email -  carolyn.l@accounted4.co.nz
Kate Crookston Extension 825 Email - kate.c@accounted4.co.nz



 

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