Minimum Wage Increase set for 2025
The Workplace Relations and Safety Minister has announced that the adult minimum wage will be rising to $23.50 per hour from 1 April 2025. This is an increase of 35 cents per hour from the current hourly rate of $23.15. The training and starting-out minimum wages will also both increase to $18.80 per hour,…
Christmas 2024 payroll processing dates
December pay runs The 18 December fortnightly and 20 December monthly pay runs will be processed on the normal schedule. Please provide all information for these pays by Friday 13 December. Schedule change for the new year fortnightly pay run Due to the Christmas season and public holidays, the first fortnightly pay run in…
Updated Tier 3 reporting standards released
The External Reporting Board (XRB) has issued new reporting standards for Public benefit entities (PBEs) currently reporting under Tier 3 Public Benefit Entity Simple Format Reporting – Accrual. This Standard is required to be applied for accounting periods that begin on or after 1 April 2024. Earlier application is permitted for accounting periods that…
2025 Mileage Reimbursement Rates
The rates set out below apply for the 2024-2025 income year for business motor vehicle expenditure claims. The Tier 1 and Tier 2 rates reflect an overall…
Living Wage Increase 1 September 2025
The $1.15 increase aligns with a 4.2% rise in New Zealand’s average hourly wage. From 1 September 2025, employees and contracted workers of accredited Living Wage Employers…
Minimum Wage, ACC Levies and ESCT Changes 1 April 2025
The adult minimum wage will be rising to $23.50 per hour from 1 April 2025. This is an increase of 35 cents per hour from the current…
Holidays Act Reform Update
Workplace Relations and Safety Minister Brooke van Velden says she has directed her officials to change the proposed direction of Holidays Act reform. “The Government recently conducted…
New Xero Plans
Xero has announced a new line-up of plans for New Zealand customers, as well as changes to pricing for current Xero business plan subscriptions in New Zealand.…
2024 Mileage reimbursement rates
The rates are $1.04 for petrol, diesel, hybrid and electric vehicles for up to 14,000 km. After 14,000 km, the rates are $0.35 for diesel and petrol…
Living wage increase 1 September 2024
The $1.80 increase aligns with a 6.9% increase in New Zealand’s average hourly wage. From 1 September 2024, staff and regular contractors of accredited Living Wage Employers…
New thresholds for reporting Tiers
The External Reporting Board (XRB) has recently announced changes to the threshold size of some reporting Tiers. The new thresholds are set out in the table below: