The end of the tax year can get hectic with all the changes happening. But Payroll in Xero makes your year-end tasks painless and simple. We provide the tools and education to make your compliance and updates a breeze, leaving you with more time to focus on doing the things you want to do.
Upcoming changes you need to be aware of:
- The minimum wage is increasing by $1.20 to $18.90 on 1 April 2020. The starting-out and training minimum wage rates will increase from $14.16 to $15.12 per hour. If these changes affect your employees, update their wages and salary details.
- The annual ACC earner levy threshold is going up to $130,911 and the Student Loan threshold is increasing to $385 a week.Xero takes care of both of these updates automatically for you.
- Domestic Violence Leave is now referred to as Family Violence Leave.