Payday filing pain to auto payday filing gain

What is payday filing?

Payday filing is a simpler way to report your payroll information directly from your payroll software.

All employers will be required to report to the IR on the day they pay staff. Businesses who make over $50,000 PAYE/ESCT deductions a year, will be required to file electronically and those that pay less than this can choose to file electronically or on paper. Payday filing is currently voluntary and becomes mandatory from 1 April 2019.

Employers will no longer be required to file an Employer Monthly Schedule on the 20th of the month. 

Get your time back

Why are changes being made?

The aim is to reduce the compliance burden for businesses. The vision is for PAYE reporting to become part of the pay run process within payroll software, meaning the technology could automatically generate the report and file directly with Inland Revenue.

This will streamline the process by:

  • Reducing the number of payroll processes (removing the Employer Monthly Schedule) 
  • Decreasing the number of deduction errors 
  • Lessening the chance of incurring fines for missing a file date
  • Cutting time spent on payroll compliance

Obtaining PAYE information on a payday basis will enable Inland Revenue to identify problems more quickly, such as when an employee is using two M tax codes. This will improve the accuracy of deductions and reduce the likelihood that employees will miss out on entitlements or incur debt.

One-click payments, IR reporting, Payday Filing and easy KiwiSaver

The way you report PAYE information is changing

From 1 April 2019, all employers are required to report payday information to the Inland Revenue on the day you pay staff.

Find out what your business needs to do

FEATURES & BENEFITS

Get your time back with online payroll and accounting software

Online payroll has never been easier

Payday filing is automatically sent directly to IR when you complete the pay run.

Simply set the date, select your employees and complete the pay run - that’s it!

Activate PayAgent for peace of mind that your payroll calculations are correct, staff wages and PAYE payments are made, and your IRD reports are automatically lodged on time. It also takes care of KiwiSaver and Student Loan payments. Plus, you can clearly track all leave entitlements and meet recording keeping obligations with one-click annual leave and sick leave reports.

Connect with your staff via the MYOB YourPay app, and you can capture timesheets, feed the hours directly into your payrun, and automatically send payslips they can access securely on the go.

* Source: Customer survey via MYOB Client Insights Panel, June 2014.

Tax and compliance made easy

Be up-to-date with any change to Government legislation.

Payday filing in Essentials is automated so when you complete the pay run you’re also submitting your Employment Information return (EI) to Inland Revenue.

Easily track, calculate and meet your compliance obligations such as GST, employee tax (PAYE) and KiwiSaver.

Complete and lodge your GST return within MYOB Essentials and submit directly to Inland Revenue for a fast, easy and more accurate GST return.

Efficiently manage complex payroll, and automatic updates keep your online accounting software completely up-to-date with any change to Government legislation.

You don’t need to be an accountant to use it, anyone can do it

It’s quick and easy to set up

And if you link your bank account, you won’t need to manually enter data as your bank transactions are reconciled for you.

Fast and easy way to manage your cash flow

A clear picture of cash flow

See how much cash you have, your outstanding invoices and your tax liabilities in real time, so you have a clear picture of what needs your attention.

The smart way to manage bills

Making accounting easier than ever

Get a more accurate view of your cash flow and make your tax obligations easier by storing your bills and supplier invoices securely in your accounts.

Collaboration in the cloud

Work together with your bookkeeper without having to be in the same place

It makes meeting your monthly and quarterly compliance obligations easier.

MYOB Essentials is updated automatically every time there’s a tax change to keep you up to date with the tax office.

Invoice on the go

Stay on top of your cash flow.

Send invoices and manage your contacts on the go knowing your accounts are being updated across all your devices at the same time.

With real-time invoice tracking MYOB Invoices helps you take more control of your sales process and better manage your cash flow, all from the palm of your hand.

Download the free MYOB Invoices app on your iOS and Android smartphone.

download from the Apple App Store  Android App on Google Play

PRODUCTS

Which MYOB Essentials is right for your business?

ESSENTIALS PAYROLL

from
$ 30
.00
/mo
+GST

Perfect for small employers

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  • Perfect for small businesses
  • Process payroll in 3 easy steps
  • Automated payday filing
  • Automate wage and PAYE payments as well as payday filing with PayAgent
  • Timesheet app with online timesheets and payslips with YourPay
  • Expert payroll support when and how you need it
  • Easily upgrade to accounting and payroll
MOST POPULAR PRODUCT

ESSENTIALS ACCOUNTING

$ 40
.00
/mo
+GST

Great for small businesses and sole traders

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  • Perfect for those just starting up
  • Great for people new to accounting
  • Keep on top of GST
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  • Payroll for one
  • MYOB BankFeeds*
  • Unlimited invoices p/m

ESSENTIALS UNLIMITED PAYROLL

$ 60
.00
/mo
+GST

For those taking care of business, and payroll

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  • Perfect for those just starting up
  • Great for people new to accounting
  • Keep on top of GST
  • Works on both Mac & PC
  • Always up-to-date, and securely backed up online
  • Unlimited payroll
  • MYOB BankFeeds*
  • Unlimited invoices p/m
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*Subject to Fair Use Policy.