Welcome to KeyPay
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- Last Updated: Wednesday, 24 April 2024 13:58
KeyPay
Payroll Software for Business
KeyPay was developed in New Zealand primarily for SMEs (small medium enterprises) employing staff in New Zealand, although, it has in numerous cases more than adequately met the needs of much larger payrolls, with several hundred employees. Simplicity, ease of use and compliance of New Zealand regulations have been at the forefront of any considerations in it's development. This, backed up with our desire to provide our clients with a superior level of service and support, has been our driving force since we first entered this industry in 1985.
KeyPay software has provided practical payroll solutions to employers of 1 to several hundred staff. Client organisations which have utilised KeyPay software represent a wide range of industry and commerce, including manufacturing, retail, marketing, construction, telecommunications, tourism, hospitality, leisure, sport, health, agriculture and horticulture.
KeyPay is easily configured and customised to suit the individual needs of each client company. Whilst KeyPay is full of features and options, these can be selectively switched on or off making only those relevant to each client organisation visible to the user. This makes it simple and very fast to process each pay without any compromise in flexibility. With our latest Ver 6 many employees can be paid with just 2 keystrokes.
KeyPay is developed to strictly meet NZ taxation and NZ Holidays Act requirements. While the Act is complicated, we believe that KeyPay is as compliant as possible, given that some areas are subject to interpretation and the decisions made by humans who sometimes make the occasional mistake. We are determined that KeyPay should always minimise these with warnings and confirmation. Considerable effort went into its design to ensure it does the right thing with regard to the law. For example, average leave rates are continuously updated, with the greater of it and ordinary rate always available and applied to leave payments.
KeyPay Version 6.3.0
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- Last Updated: Friday, 05 April 2024 13:17
Version 6.3
Ver 6.3.0 is now available.
Includes the tax tables for April 2024. Final IRD spec confirms no further changes.
View KeyPay 6 latest build changes
PAYE Calculator
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- Last Updated: Friday, 19 January 2024 11:34
Tax Calculator 4.25
New version for Tax years 2023 to June 2024 now available for free under Downloads Calculators.
It is expected the Government will update tax thresholds from 1st July 2024. A new version will be available here when IRD provide the official specification.
Version 4 adds scaling for YTD earnings to the Year period.
It has been built with a newer version of the compiler which supports Windows DPI scaling correctly.
IR Updates 2024
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- Last Updated: Friday, 05 April 2024 13:21
Changes from April 2024
Minimum Wage Rates
Adult wage raised to $23.15 p.h.
Training wage raised to $18.52 p.h.
A.C.C Earners Levy
Max earnings threshold raised to $142,283
Levy rate increases to $1.60 (inc) per $100.0
Student Loans
Earnings threshold increases to $464 per week ($24,128 P.A)
KiwiSaver
No Changes
Pay-Day Filing
EMS 348 filing removed.
Tax Changes
From 30th June 2024 it is expected that the earnings thresholds will be updated.
Annualised calculation for Extra Pay confirmed to remain at last four weeks earnings.
RansomWare
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- Last Updated: Sunday, 14 January 2024 17:47
Ransomware in 2024
It was still the biggest internet threat to users and continues to approximately double every year.
Recent reports are showing a preference for targeting larger businesses and organisations rather than individual users, probably because they are easier to manage and owners place a much higher value on their data so the rewards are much greater. Also the cost of downtime and effort to recover from backup can be more than just paying up for a quick fix.
The current trend is to not just encrypt ones data, but to download it and threaten to publish the information for anyone to view.
A major incident in 2023 was the Australian consumer finance firm Latitude Group Holdings Ltd where hackers stole nearly 8 million Australian and New Zealand drivers licence numbers in one of the country's biggest confirmed data breaches, requiring them to be re-issued.
A worrying development is that non programmers have been using Chat GP to develop code for this and other malware purposes. While any use of Chat GP for illegal use is prohibited, and mostly blocked, there are ways around this.
It has been estimated that victims of ransomware paid over 1 Billion US dollars in 2016 to recover their data and in future it's expected to be much greater. Are you prepared?
Checkout our page about it and how to avoid becoming a victim and if the worst happens to recover without paying up!