Managing your business

If your business is eligible for the second JobKeeper extension payments, here are some things you should know.

As we start a new year, business leaders are taking a deep breath and preparing for the journey ahead. Looking back on 2020, we are taking on board lessons learned and saying goodbye with cautious optimism about what is to come.
The past year saw an escalation of the adoption of digital technologies in the workplace. Due to Covid-19, trends that were foreseen to happen in years, happened all at once, with business owners using the latest innovations to help them adapt to new realities of work during a pandemic.

If you are still managing your day-to-day operations with a combination of pen and paper, spreadsheets or software that’s older than many of your employees, you’re not alone. At a time when it’s so important to keep your business costs as low as possible, clunky old systems and manual data entry may seem like a cheap solution, but chances are these methods are costing your business far more than you think.

For New Zealand businesses, many payroll-related issues ultimately lead back to the often-misinterpreted Holidays Act 2003, as well as to poor record-keeping practices. So, what’s an employer to do? Here’s how you can better understand the payroll landscape and ensure ongoing compliance.

The ATO has updated the tax tables to reflect the 2020–2021 income year personal tax cuts. Here’s what you should know.

JobKeeper 2.0 will be split into two extension periods. The payment rates will also differ depending on the eligible employee’s average hours worked, and will be split into Tier 1 and Tier 2 employees. Here’s what you should know.