Variable Pay for Employees Variable pay is a way to allow employees to share in your organisation’s success, and it’s one of the most common questions we are asked about. It’s sometimes referred to as incentive pay, performance pay, or simply bonuses. Employers are looking for ways to build employee engagement and wonder if variable …
The rules around employee allowances changed from 1 April, 2015. The category of employee allowances relates to payments that are made to an employee in addition to their wage or salary. Common allowances include clothing, food and accommodation. The IRD moved to clarify the area around employee allowances largely as a result of so many …
As a company owner, should you pay yourself a salary or drawings? That’s a very common question we’re asked and like most tax questions, the answer is not cut and dried. There are pros and cons to both approaches. We take a look at them in detail below. Salaries (PAYE) If you take a salary, …
