Craig Gower
Advisory & Information Technology Partner, Information Technology National Leader
Payroll solutions for greater efficiency and security
New Zealand’s payroll requirements are increasingly complex, and business must be constantly alert to changes in regulations and obligations to not only ensure employees are paid correctly, but also to stay compliant.
For business leaders, staying on top of taxation rules and legislation changes can take time and people away from the core tasks involved in running the business. Coupled with the potential repercussions of mishandling payroll, many businesses find it both efficient and effective to seek outsourced payroll support. At BDO, we can manage all your audit and assurance, tax, and advisory services under one roof, with one client contact, saving you time and effort.
BDO’s payroll solutions are suitable for:
New Zealand companies who do not have in-house payroll capacity.
Existing BDO customers looking to benefit from keeping all services under one roof.
International businesses with a subsidiary, branch or IR56 employee in New Zealand.
How BDO can help:
Our specialist Payroll Solutions team understands the unique complexities of adhering to New Zealand’s payroll regulation and can help you navigate the employment tax landscape and manage risks.
Services we offer include:
Payroll systems review: Reviewing payroll processes, systems, risks, and governance structures to ensure your payroll process is designed efficiently and running effectively to minimise payroll risks.
Payroll health checks: Understanding your payroll function and assessing areas of risk to your business. Examining systems to ensure they are compliant with relevant legislation. Conducting transaction tests on employee pay to ensure accuracy and identify any anomalies based on time, attendance, and employee data. Creating a payroll improvement plan to correct errors and improve the payroll function.
Payroll compliance review: Assisting in detailed pay review for a sample of employees to start with and potentially conducting a full pay review for all employees, identify discrepancies and non-compliance and advise remedial process.
Payroll processing: Including gross to net calculations, sickness and holiday processing, payslip production and access, tax liability calculations, and statutory filings and reporting.
Our team is made up of payroll Specialists that hold expertise in the NZ Holidays Act 2003 and NZ employment and are supported by our broader teams across tax, risk, accounting and information services.
Managing security and data privacy risks
We use the secure BDO Global Portal for all client data, providing an effective extra layer of security around privacy and confidentiality. The Global Portal is linked to BDO portals around the world, giving multinational clients consistency and centralisation when accessing payroll services in multiple countries.
Managing compliance risk
As an employer in New Zealand, it’s crucial that you adhere to the regulations in place around payroll. Our services ensure your payroll is not only accurate, but you avoid the repercussions from paying staff incorrectly.
Common questions we can assist with include:
Has our business correctly paid our staff?
Is our payroll system and process working correctly?
What should we do about a payroll discrepancy?
Have we satisfied our statutory tax and KiwiSaver obligations?
Can we get support on more complex payroll issues?
To discuss how we can assist with your New Zealand payroll needs, please contact our team below.
