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Are You Payroll Ready for Christmas & New Year?

In a little over 3 weeks the silly season will be here!  If you have not already started planning for your payroll over this period now is a good time to start.   

To help you we have put together some of our top tips and some handy guides to help make sure your payroll runs smoothly and your employees get paid correctly and processed on time. 

Our top tips: 

  1. If you are closing down over the holidays make sure you have given your employees at least 14 days' notice in writing.  Make sure you set up separate payruns for each period instead of doing a bulk payrun to cover all the periods.  We recommend uploading your payruns to the bank and scheduling the payment date to help with cashflow and to make sure your employees get paid on time. 
  2. Payments for public holidays can be confusing but as an employer it is important that you understand your obligations and that your employees are paid for any public holiday's they are entitled to.  We have attached some hand flow charts to help make things easy. 
  3. Christmas time is a common time for businesses to be paying out a bonus.  It is really important the correct tax is deducted and the bonus goes through the payroll system.   
  4. Check if your payroll will still be able to be processed on your regular pay day, banks are closed over the public holidays so you may need to bring your pay day forward. 

Please see links below to handy guides on public holidays and paying bonuses. 

Bonuses and Tax 

Employment NZ Public Holiday Flowchart

Mondayisation of public holidays flowchart

If you need any assistance, make sure you get in touch with one of the team.