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Extra Pays (or extra emoluments) are lump sum payments made to an employee and include bonuses, commissions, backpay, retiring or redundancy payments.
The IRD specifies a very complicated formula for the taxing of these lump sum payments. Ace Payroll automates the tax calculation according to this formula.
Select the type of extra pay then click Next.
Bi-monthly pay period date calculation
Change employee pay frequencies
Change a pay rate mid-pay period
Pay a contractor
Pay an extra pay
Processing payroll for multiple companies
Record hours worked
Set cash rounding for coin splits
Set direct credit criteria
Set pay rates
Total remuneration salary packages
Using multiple pay frequencies
Paying leave and holidays
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