Don’t Forget Your End of Year Payroll Procedures

Before you process your first pay of 2014, please remember to carry out the End of Year Rollover which includes:

• Repairing and backing up your payroll data for 2013
• Clearing your Year to Date totals for 2013
• Clearing leave totals as appropriate

Make sure to contact your payroll software supplier to get instructions on how to do this using the software.

PayMaker users can follow the steps below:

• Process your last pay for 2013
• Repair your data files in case data files have been electronically corrupted in any way (Leaving your data in an unstable state can lead to data loss)
• Create a backup copy of your payroll data files. Make a separate copy that contains 2013 data.  
• Clear Year-To-Date totals for calendar year (and financial year if appropriate)
• Clear Leave Totals as appropriate

You must carry out the End of Year procedures in the correct order to ensure that 2013 records are accurate as per the FRCA’s requirements. Our trained staff can do this for you at your office (or remotely if you are outside Suva)

For PayMaker customers: Please email us at payroll@standss.com.fj or call us on 330 4554 to schedule your End of Year Service and Upgrade.

Standss is now on Facebook

Get the latest information on payroll changes that affect Fiji employers and employees on our Facebook page. Simply visit our Facebook page and LIKE it to get regular updates on your Facebook newsfeeds.

Looking for a Payroll software that is Tax Compliant? Contact us now: Ph: +(679) 330 4554 Fax: +(679) 330 4864 Email: payroll@standss.com.fj http://www.standss.com.fj

MAJOR changes to Payroll Processing for ALL EMPLOYERS

The Fiji Government has again made major changes to how payroll is to be processed from 2014. 

While the tax rates have not changed, the method of calculation has now changed significantly.

The new method of calculation was gazetted on Friday November 22nd 2013.

These changes are to further streamline the implementation of the PAYE as Final Tax which was introduced in 2013.

If you are a PayMaker user, you do not need to worry. PayMaker is currently being updated and will be fully compliant. We will provide you with more information as part of the End of Year Service.

This change is mandatory and all  payroll software vendors will be required to incorporate this new PAYE formula and have the software tested and certified by FRCA.

If your company is not using PayMaker, you need to ensure that your provider is implementing these changes so you are tax compliant in 2014. Employers who do not comply too the tax requirements can be charged large fines and penalties

Looking for a Payroll software that is Tax Compliant? Contact us now: Ph: +(679) 330 4554 Fax: +(679) 330 4864 Email: payroll@standss.com.fj http://www.standss.com.fj

Standss is now on Facebook  

Get the latest information on payroll changes that affect Fiji employers and employees on our Facebook page. Simply visit our Facebook page and LIKE it to get regular updates on your Facebook newsfeeds.