From 1 April 2019, electronic Payday Filing will be compulsory for all employers. For now though, it is optional for those who meet certain criteria.
Currently, employers file employee earnings and PAYE information each month, no matter how frequently employees are paid. For example, if you pay employees fortnightly, it’s filed with IRD the following month.
Under Payday Reporting and Filing, this information is filed with IRD on the day employees are paid.
What does this mean for Cashmanager RURAL?
As legislative requirements become increasingly complex we believe the simple wagebook in Cashmanager RURAL may not meet your employer obligations in the future.
For this reason, we don’t intend to move into the payroll space and believe this is best left to specialist providers. We have made the decision not to update the
wagebook to create returns for payday filing with IRD.
We will continue to supply the tools our clients need for planning and forecasting and look to partner with specialists for systems such as payroll.
Bear in mind, you have a year to prepare for this change. There are a number of easy-to-use and time-saving payroll providers that specialise in employer compliance and farming businesses.