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Part of their Making Tax Simpler initiative, payday filing (sometimes referred to as payday reporting) means submitting PAYE returns to IRD after each pay rather than once a month. This is done automatically via a direct integration between your payroll system and IRD.
The due date for paying PAYE and other deductions to IRD doesn’t change.
Payday filing is currently optional, but IRD is making it mandatory from 1 April 2019.
All but the smallest employers must be set up on payday filing before 1 April 2019.
Everyone should review their current payroll systems and processes to ensure they can transition to payday filing.
Having more timely information means IRD can work out tax and entitlements more accurately, providing more confidence to companies and employees that they are paying and receiving the correct amounts throughout the year.
To achieve this without an increase in compliance costs, IRD is enabling payroll software providers to file your returns on your behalf via a direct integration.
Filing becomes part of your normal payroll process, so you don’t need to remember to send returns in at the end of the month.
FlexiTime has developed a direct connection to IRD’s new system so we can submit tax returns electronically. This means that PAYE filing, always a manual task up until now, can finally be automated.
Simply connect to IRD from FlexiTime and your payroll filing will be done automatically once you finalise each pay.
Trusted by thousands of NZ companies, FlexiTime is fully compliant with payroll and holiday laws and automatically works out pay, taxes, holiday and leave.
It’s easy to capture employee hours straight into payroll with our employee mobile app or by clocking staff in and out with our photo time clock app.
Employees can see their leave balances and request leave online. Managers can approve or decline the request from an email. It couldn’t be easier.
Our powerful Xero integration lets you send payroll data straight to your accounts with advanced cost tracking options and fast reconciliation.