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Changes From 1st April 2012
 | Our March 2012 Upgrade is now shipping. View the PDF Newsletter online (1.95MB) |
Legislative Changes
- ESCT tax changes related to KiwiSaver take effect on 1st April 2012. See What Is ESCT?
- ACC Earner Premium reduces from 2.04% to 1.7% on 1st April 2012.
- Two new student loan tax codes SB SL & ML SL from 1st April 2012.
- Two new student loan categories SLCIR & SLBOR from 1st April 2012. See Student Loan Voluntary Repayments SLBOR
- ACC maximum annual earner premium per employee decreases from $2,278.04 to $1,934.05
See Also
ESCT Calculation
ESCT Tax Rates
Automatic Payment Reminder
The take home pay of every employee increases due to the tax cuts.
Most clients use the Direct Credit facilities in Ace Payroll in which case do nothing. The new take home pay automatically flows through to the relevant bank accounts.
Some clients use Automatic Payments for salaried staff in which case the amount changes for payments after 1st April.
After filing the last March pay, from Calculate Pays check the new take home pay for these staff.
Contact your bank or use internet banking to update the Automatic Payment amounts.
Remember, if paying by Direct Credit do nothing.
Timing of Upgrade Installation
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 | What is the best way to direct credit all an employee's nett pay? |
To direct credit all an employee's pay to a bank account set the criteria of the last or only account to BALANCE rather than entering the amount of the nett pay.
This way the direct credit is automatically updated if the nett pay changes through tax changes or pay rate adjustments.
For more information see our documentation on Direct Credit Criteria.
More On Tax Codes and Rates
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Tax Calculation Bills & Refunds Tax bills & refunds, tax calculation checklist, monthly printed tax table discrepancies more.. |
| Tax Code Entry Entry of tax codes, percentage tax deductions, student loan special tax codes, withholding tax at zero percent etc more.. |
Taxation of Holiday Pay This article shows how easy it is to tax holiday pay according to IRD requirements more.. |
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Tax Code Entry
Entry of tax codes, percentage tax deductions, student loan special tax codes, withholding tax at zero percent etc more.. |
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Ace Payroll FAQ Contents All the most common Ace Payroll questions grouped by categories in a short table of key words more.. | Ace Payroll Frequently Asked Questions All the most common questions we are asked at Ace Payroll listed in a question format and grouped by category more.. |
More on Installation and Registration
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Using The F1 Help Manual The F1 Help Manual contains hundreds of pages of written documentation, all carefully grouped, linked and indexed more.. |
| Recent Software Changes Recent changes to the Ace Payroll software described in an easily readable manner more.. |
Timing of Upgrade Installation
Install your upgrade as soon as possible. There is no need to wait until the new financial year more.. | System Information The system information utility provides information about your computer's environment that our help desk has found to be useful more.. |
| Transferring Ace Payroll To Another Computer How to transfer Ace Payroll from an old computer to a new one more.. | Version & Serial Numbers Press the F5 key at any time, from anywhere in the program, to find out the currently installed serial number and version more.. |
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Function Keys in Ace Payroll The function keys in Ace Payroll can be used from anywhere in the program, at any time more.. |
Password Entry There is a facility within the program to set a password. If set, a dialog is shown at program startup and requires the correct password to continue more.. |
| Networking Ace Payroll The standard version of Ace Payroll is easily networked - there is no additional software needed, nor additional licenses to buy more.. |
Ace Payroll & Windows 7 We have extensively tested Ace Payroll in a Windows 7 environment and there are no problems or special considerations more.. |
| Ace Payroll & Linux These notes clarify running Ace Payroll under Linux, both on the desktop, and when using a Linux server more.. |
Ace Payroll FAQ Contents All the most common Ace Payroll questions grouped by categories in a short table of key words more.. |
