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Managing payroll for Easter and Good Friday 2014

By The Team | April 14, 2014

Whilst a lovely, long four day Easter weekend is a treat for most, those of us dealing with payroll have some extra considerations to take into account to make sure it is the relaxing break we all want. Friday (Good Friday) and Monday (Easter Monday) are both public holidays. The most important payroll consideration is that if you normally process payroll on Friday or Monday, you will need to do it early as payroll needs to be processed on a day when banks are open.

 

Easter payroll flowchart

 

We’ve made a handy flowchart that tells you everything you need to know about processing payroll over Easter. Click on the preview image below to see the full flowchart, or download it here.
 

Easter payroll flowchart 2014

 

Payroll changes from April 2014

 

There have been a number of payroll changes for the new financial year. Here are some of the key changes you should be aware of:

 

    • ·    PAYE is to be calculated on whole dollars for all tax codes except M(SL) & ME(SL).
    • ·    The maximum threshold for the ACC Earners Levy is increasing to $118,191.
    • ·    The ACC Earner Levy will now be calculated on 1.45% of pay instead of 1.7%

 

The previous three changes will automatically be updated in SmartPayroll – you don’t need to do a thing. These changes will be triggered by the period end date falling on or after 1st April 2014.

 

  • ·    Minimum Wage is changing from $13.75 per hour to $14.25 per hour. This change must be made manually in the employee payment screen.

 

We hope you have a fantastic break of Easter, made even smoother by ensuring payroll is all sorted early!