News

Stay up to date with all things Xero, accounting & bookkeeping advice, and business guides and tips.

VacancyJargonGovernmentCouncilsGrantsFundsOffice partiesClient giftsStaff giftsStaff expensesEntertainmentJeannie davisMackyla worsellMarisRunning costsVehicleMotor vehicleLog bookMeet the teamStaffPetrol refundOff roadPetrolFuelExcise TaxAccounts Receivable SpecialistSelf-employedBusinessesSmall-Business Cashflow (Loan) schemeLeave Support SchemeShort-term Absence PaymentResurgence Support PaymentsCovid Protection FrameworkFinancial supportRed lightProtection FrameworkLossesGainsMortgageInterestLegislationResidential rentalRentalResurgence SupportResponse PlanFrameworkCovid-19Audit ShieldAnnual returnsRSPWage subsidyUpdateAR specialistDebtor managementBusiness HeadspaceDebtor DaddyIndustry specialistsICNZB Annual AwardsBookkeeperAnnual ICNZB conferenceBookkeeping Business of the YearBookkeeper of the YearLeaderTeam-buildingTeam workEmployment incomeBeneficiary incomeSuperannuation taxFBTPropertySharesTrustsTax obligationsIndividualsTax rateBusiness assetsDepreciationStarting out minimum wageWagesTraining minimum wageAdult minimum wageConProPlantMachineryEquipmentLeaseBuyTenantsPeriodic tenancyNotice periodsTenancyRentTenancy lawOfferingEmpathyChanges10 StepsBetter BusinessMerry ChristmasPivotTop tipsDiversifyOnline MeetingVideoFace-to-faceAgendaTechOnlineMeetingDowntimeAllocateManage timeListsDelegateScheduleProductivityTime ManagementTimeErrorsIRDSupportXAPMental HealthBusiness performanceEquityReportsStatement of Financial PositionDirect CostsReportP&LProfit & Loss StatementBusiness supportMackylaTrusted advisorBusiness advisorGST ReturnFilingHybrid basisInvoice basisPayments basisTurnoverRegisterGSTCelebrateVisualiseBusiness successSmall stepsSuccessfulBookkeeper in a Small Practice AwardNorthlandBookkeepersAwardsCertified BookkeepersICNZBNorthland BookkeepersGoodsSellingBusiness useOfficeRecordsHome OfficeImportanceTeachingSavingMoneyKidsPayment termsBalance sheetDebtCredit controlFreelancingControlCost managementBudgetPlanOutflowInflowCash flow forecastForecastCash flowInvoicing sytemsDebtor softwarePayment servicesPrompt paymentDebtorsIntegrationTrackingQuotingAccurateProcessesJob CostingGrow your businessReturn on investmentAccountantProfit vs CashFinancingMarginsInvoicingSalesProfitEmployment AgreementsACCDomestic violence leaveMinimum wage increaseERA Act 2018ACC LeviesSkillsIndependentEmployeeContractor vs EmployeeHiringContractorsServicesProductsNeedsCustomersTarget marketMarket researchEligibleExpenditureTax incentiveDevelopmentResearchR&DRecord keepingIncomeCashDeductionsTaxGetting startedContractingGoal-settingFinancesLifestylePerformanceVisionGoalsGrowthLiquidity ratiosLiabilitiesAssetsQuick ratiosProfitability ratiosSolvency ratiosRatiosBusiness healthMyIRPay runInland RevenuePAYEEmployeesPayday filingXero payday filingTax invoiceGetting paidContractorFocusConfidentClientsB2BBusiness to businessAcknowledgementAccountabilityActionAcceptanceAwarenessChangePayrollSoftwareSimplifyStreamlining processesCreativeAccounting tipsBusiness taxesLimited companyFinancialLegalBusiness complianceRegulatory requirementsFoundationsComplianceXero integratedPayment methodsCultureTeamSystemsFlexibilityCommunicationTechnologyRemote WorkEntrepreneurialSuccessValueMentorSmall businessInvestmentSuperannuationRetirementContributionsSelf employedSuperSafe onlineHackersCyber-crimeSecureAnti-virusSecurityInternetCloud platformBookkeepingAccounting systemFinanceCloud accountingCloudBusinessAccounting Income MethodProvisional taxAIMDataTasksSpreadsheetsAccountingAccounting SoftwareXero SoftwareExcelReviewSuppliersPaymentsInvoiceOverheadsExpensesPlanningWork-life balanceClaimCharitable organisationsTax returnTax deductionTax creditCharityDonationsBusiness.govt.nzLaw round upLandlordsEmployersBusiness ownersLaw changesCard paymentsOnline paymentsDirect debit paymentsOnline payment servicesAged debtCashflowXero payment servicesAccounting tools menuBusiness menuAccountants and bookkeepersNavigation MenuXero updateHolidaysClosure datesChristmas breakChristmasMy Two Cents AccountingXero AdvisorMy Two CentsXero NavigationXero
TAGS

The minimum wage increases on April 1st 2021

From April 1 2021, the adult mimimum wage will increase from the current rate of $18.90 per hour to $20 per hour.

There are 3 types of minimum wage — adult, starting-out and training.

The adult minimum wage - applies to employees aged 16 years or older.

The starting out minimum wage - applies to workers who are:

  • 16 and 17 years old and have been with their current employer for less than 6 months
  • 18 and 19 years old:
    • have been paid a benefit for 6 months or more
    • haven’t worked for 1 employer for longer than 6 months since being on a benefit, and 
    • have been with their current employer for less than 6 months
  • 16 to 19-year-olds whose employment agreement requires them to do at least 40 credits a year of industry training.
The training minimum wage - applies to workers who:
  • are 20 years or older
  • under their employment agreement, have to do at least 60 credits a year of industry training.

The training and starting-out minimum wages will also both increase. The new rate from April 1 will be $16.00 per hour, remaining at 80% of the adult minimum wage. This is a rise from the current minimum rate of $15.12 per hour.

Talk to us about how this will impact your business.