Upcoming Minimum Wage Increase
Come April 1st, 2020, the minimum wage rate will increase to $18.90 per hour.
Fortunately, by using a cloud-based payroll software all updates from the IRD will be automatically implemented into your payroll system. As the IRD has plans for more changes following the 1st of April, now is a particularly beneficial time for you and your business to change.
Another change you can expect from the IRD is a new payday filing obligation that will ask you to include detailed information on hours paid. Updates like these come often and are greatly important for businesses to maintain current awareness of. Yes, it can be a lot of work to manage, however, making use of cloud-based payroll software is certainly the most positive and cost-effective solution.
For more information on payroll software and choosing the right model to fit your business, please contact our team. No question is ever too small and we are always happy to help!