Payroll Services

Handling the payroll could be one of the most complicated parts of running a business. It’s daunting and time-consuming if the right processes are not in place.

While processing payroll in-house can be time-consuming and expensive for many businesses, this is a prime function most businesses need to improve – on an ongoing basis.

Outsourcing your payroll to professionals gives you “peace of mind” that your payroll will be processed promptly, per New Zealand’s payroll legislation.

Outsourcing your payroll can lead to many positive aspects, including the following.

• Free up your time so you can better concentrate on actions that create greater profits to your business.
• Payment is made directly into employee bank accounts.
• Avoid IRD penalties for late or inaccurate filings and payments.
• The payroll software does not have to upgrade.
• Keep your payroll knowledge from leaving your business.

At Stagler Tax Accountants, we provide our clients with various accounting and payroll services that help them manage their day-to-day affairs with more time to spare. Listed below, we offer a brief overview of payroll accounting, which benefits every employer.

1. Employment Contracts
Before a new employee can begin working for a company, employers should sign an employment contract to formalise their employment relationship.

2. Tax Code Declaration
Employees must complete tax code declaration (IR330) forms before receiving their first wage.

3. KiwiSaver Registration
All citizens or permanent residents of New Zealand will automatically enrol in the KiwiSaver scheme when they begin a new job.

4. Working Time Bookkeeping
Employers must allow their employees to document their work time, irrespective of the level of control required. A payroll system can help a company in a way that will promote productivity and encourage the efficiency of the staff.

5. Holiday Pay
Employees are eligible for a paid holiday once they start their employment. Usually, this sum is paid in the final payment they receive.

6. Several types of paid leave include Sick Leave, Annual Leave, and Bereavement Leave.
Your payroll system should also keep track of the number of days an employee has used throughout the year for their leave, including the total leave allowance available to them and the carry-over holiday time from their previous year. Employers should be aware of and record all leave taken by employees, including sick leave, annual leave, bereavement leave, and so on.

An efficient payroll process will allow you to manage your staff with greater ease and effectiveness, thus enhancing productivity and giving you more time to focus on your organization’s expansion. Payroll management also helps create a favourable overall work environment by ensuring that your employees are paid on time and correctly. It boosts employee satisfaction and willingness to work.

As a business proprietor, you must ensure that all information necessary for payroll administration is completed for new employees, and it is your responsibility to keep all relative records for each employee. Tracking and recording payroll accounting can require a lot of time and effort for many companies. If you are a business owner who needs more time to gain new knowledge on payroll administration, or if you are an experienced business owner in need of efficient, time-saving solutions, you can count on Stagler Tax Accountants!

For companies searching for the best payroll service strategies to increase their business’s efficiency, our accomplished team of accountants is here to furnish you with this. As an established accounting firm in Auckland, we supply outstanding payroll services for New Zealand businesses. Our clients can expect the highest quality services when working with our company.

Our firm is happy to take care of payroll management for you. We can efficiently process your weekly payroll, prepare your Payslips, submit tax returns (the IRD), and handle your sick leave, annual leave, and other similar issues.

Get in touch with our team today to arrange for personal assistance in choosing the correct payroll accounting solutions for your business. Get in touch with us to go over the particulars of your business, and we’ll put together an accounting reconciliation that satisfies your needs.