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We’re paying back time with new changes in Xero Payroll

Xero

If you’re running a small business that employs staff, you know the administrative ‘to-do’ list can be quite lengthy. Onboarding, managing timesheets, setting wages, processing payroll, preparing for end of financial year … it can all take up valuable time. In a few steps, you’ll be set up in Xero Payroll and ready to go.

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Four steps to a seamless payroll year end with Xero Payroll

Xero

As the summer days become a memory, it signals the onset of a crucial period for payroll professionals in New Zealand. With the approaching new tax year on 1 April 2024, regulatory changes are set to impact payroll calculations across the country. You can check this by running the Account Transactions report in Xero.

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Get set up for the new tax year with Xero Payroll

Xero

The end of the financial year is around the corner, so it’s time to review the latest changes and start getting ready to complete your payroll year end. Latest changes Payroll is always evolving, but there were a few little surprises this year. Once passed through Parliament, all new pay runs processed in FY25 will apply the new rate.

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How we’re improving employee and off payroll workers profiles in UK Payroll

Xero

If you’ve set up an off-payroll worker in UK Payroll, you might have noticed that it looks different from employee setup. We’ve moved the setup menu to the left hand side – similar to the off payroll workers’ setup. Time off — the feature in Xero Payroll is being renamed ‘Leave’ to align with the employee experience in Xero Me.

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Get set up for the new tax year with Xero Payroll

Xero

We know it can be hard to run a small business, even without all the global and economic uncertainties. That’s why we have prepared some resources to guide you through a frictionless payroll year end, and be ready for the start of the 2023/24 tax year. This will ensure that all the information submitted to HMRC is correct.

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Five steps to a seamless payroll year end

Xero

For those working in payroll, that can only mean one thing: year end is approaching. There are four key changes in New Zealand payroll calculations for the new financial year: Adult minimum wage will increase to $22.70 Step one: Post the last pay run Make sure all your pay runs for the financial year have been posted.

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Using Your R&D Tax Credit Against Payroll Taxes

Shay CPA

For most companies, payroll makes up a huge category in the latter. It’s a key component in keeping things running, of course. It’s the R&D credit that the IRS will let you apply toward payroll taxes. Reducing your payroll tax liability The IRS has long offered a tax credit for increasing research activities.