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Four main internal controls to prevent fraud

Friday, October 14th, 2011
All businesses, no matter what size,  need to review their internal controls to minimise their risk of fraud. There are four main areas to consider: Separation of duties Authorisation to approve payment Security of assets (e.g. stock) Review and reconciliation So here are some best practice tips ... Read more

Holiday pay for businesses closed over Christmas

Thursday, December 9th, 2010
Special annual leave and holiday pay rules apply when part or all of your business closes over the Christmas New Year period. As an employer you may have a customary annual business closedown once a year and require your employees to take annual leave during  the closedown. You must provide ... Read more

Working out annual leave and holiday pay

Thursday, December 9th, 2010
Many Kiwi employees want to take annual leave over the Christmas New Year holiday period. Here’s how to work out what and when to pay them. Under the Holidays Act 2003, your employees are entitled to four weeks’ annual holidays after the first year of employment. The leave can be taken at ... Read more

Christmas and New Year public holiday entitlements

Thursday, December 9th, 2010
Work out whether an employee is entitled to a paid public holiday before you process Christmas or New Year payrolls. The general rule for public holidays is that they are taken on the day they fall. There are four public holidays that are treated differently. These are Christmas Day, Boxing Day, ... Read more

IRD Credit Card payments now available

Thursday, November 4th, 2010
Did you know that the IRD have been accepting credit card payments online since July? You can now make all online payments to IRD with a Visa or MasterCard credit or debit card – your income tax, GST, PAYE, etc. Westpac New Zealand Ltd provide the services and charge a convenience fee of ... Read more

Employ staff or provide fringe benefits?

Tuesday, September 7th, 2010
On 1 October 2010 personal income tax rates are changing. Use this checklist to make sure you’re ready for the change: You use a payroll software package, and no longer rely on manual wagebooks or excel spreadsheets for payroll processing Your payroll software has been updated with the new PAYE ... Read more