STAYING AWARE OF NEW REGULATIONS

From April 1 2019 all employers will have to file their employment information every time they pay their staff, and Inland Revenue has organised more than 300 seminars across the country over the next two months to walk employers through the new requirements.

The sessions will help equip employers to be ready sooner rather than later, according to Inland Revenue community compliance manager Corey Sinclair.

“April might seem a long way away but adjusting to a new payroll system is not something you want to leave till the last minute,” he said. “Inland Revenue’s systems are ready and waiting to receive the payday information but employers that use software will need to check that it’s compatible first.”

Seminar attendees will find out how payday filing works behind the scenes and will learn how the changes could affect their workflows.

Users of software that is compatible with Inland Revenue’s systems will only notice a few small changes when filing but the seminars will also provide attendees with information on the three other ways to payday file through file upload, onscreen within myIR or on paper.

“Payday filing is a great opportunity to integrate tax into your regular business processes and takes away some of the extra steps. The access to more timely employment information will also allow Inland Revenue to provide more certainty around an employee’s social entitlements such as Working for Families Tax Credits.”

Book a seat at a seminar and find out more about payday filing at www.ird.govt.nz/payday