Onehunga High School

PAYROLL AND PAYE

Description

An overview of key Employment Act compliance duties and benefits Employer:

• Understand mandatory obligations of an employer

• Keep employee records

• Maintain deductions

• Understand and prepare Employer Monthly Schedule (IR 348 & IR 345) Need to meet Kiwisaver requirements Need to meet Fringe-Benefit-Tax requirements Pay and file returns on time, to avoid penalties

• Understand obligations of a self-employed • Your duty to keep records, make deductions and file IR3 on time

• Share the five things to do when setting up as a contracter.