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https://help.myob.com/wiki/x/7A70Ag
New Zealand only
The NZ Government has announced a wage subsidy for employers who have to lay off staff because of the COVID 19 virus.
Employers will need to pay 80% of their employee’s wages during this time. This will be made up of the $585 subsidy (for employees who work 20+ hours) or $350 (for employees who work less than 20 hours) which is a Gross amount and supplemented with the employee’s wages up to 80% of what they would normally earn. You will have to pay PAYE on this amount.
This is a taxable subsidy and is treated as a normal payment. This means other items, like Kiwisaver, Student Loan, and Child Support payments etc will still need to be paid. You'll still need to do your payday filing on theses pays too.
To pay this subsidy in MYOB Payroll, you'll need to set up a pay code for COVID-19.
- Go to the Maintenance command centre and click Maintain Pay Codes.
- Click New. The New Pay Code window appears.
- Enter COV??? in the Pay Code field.
- Choose the Taxable Allowances Pay Code Type.
- Enter COVID 19 in the Description.
- Click OK. In the message that appears, click ???
- Depending on the type of bonus select either:
- Gross Earnings for a bonus that is paid periodically, OR
- Taxable Allowance for a "one off" bonus.
- Click OK.
- Click the General tab.
- Select the Allow the rate to be modified option.
The code probably won't be based on any particular rate so it's recommended you choose to allow the rate to be modified so it is easy to use in the future.
- Go to the Prepare Pays command centre and click Enter Pays. The Enter Pays window is displayed.
- Double-click the applicable employee. The Enter Pay Details window is displayed.
- Add the newly created Bonus pay code to the employee's pay:
- Click Add Default as shown below.
- Select the BONUS pay code from the list.
- Click OK. The Set new Pay Default details window is displayed.
- Click OK.
- Enter the bonus amount against the Bonus pay code in the Rate column, and enter 1.00 in the Quantity field.
- Click OK.