As of April 1, the adult minimum wage has increased to $22.70 per hour. The starting-out and training minimum wage rates have also been raised to $18.16 per hour.
Employers who pay their employees on a daily, weekly, fortnightly basis, or through an annual salary must ensure that their employees are paid at least the minimum wage corresponding to their payment basis. Any additional time worked should be compensated at a rate of at least $22.70 per hour.
It is essential to keep accurate records of hours worked, wages paid, as well as holiday and sick leave entitlements. These records should provide enough detail to demonstrate compliance with minimum wage requirements. If you have agreements in place with employees regarding accommodations or other benefits, ensure that these agreements are properly documented. Your wage records should reflect the wages payable before any deductions are made for the agreed value of accommodation, goods, or services.
Managing cashflow is an ongoing concern for businesses, and the recent changes may serve as a reminder to review your cashflow plan and cost controls. When facing additional pressures on cashflow, it can be beneficial to reassess your costs. This involves more than simply monitoring expenses. It entails examining all aspects of your business operations to determine if any systems (or the lack thereof) are resulting in unnecessary expenses.
We are here to assist you
If you require guidance or support in navigating these changes, please don’t hesitate to reach out to us. We are available to provide the help you need.
Your Outside Team
Need a bit of assistance with your
business? Contact an Outside Accounting team member today and learn more about
our fixed fees. You won’t regret it.
Aside from business consultation, we
are business accountants Wellington
who offer accounting, bookkeeping, payroll services designed to
help you achieve greater financial success.
You can click here to speak to a business, accounting and bookkeeping firm. We will give you a
call to know more about your needs. We will explain to you how we can improve
your business.
Address: Level 2, 182 Vivian Street,
Te Aro, Wellington 6011, New Zealand
Mail: PO Box 24-457, Wellington 6142
Phone: 04 889 2975
If you run a business in Wellington, it’s time to double-check that your payroll systems are up to date. As of 1 April 2025, the minimum wage in New Zealand has increased, and failing to adjust your systems could lead to non-compliance and financial penalties.
On 1 April 2025, the New Zealand minimum wage increased, and it’s crucial for Wellington business owners to ensure their payroll systems and employee records are up to date. Failing to comply can result in costly penalties and damage to your reputation — not to mention disgruntled staff.
Creating and maintaining a solid business budget is one of the most effective ways to manage your finances and drive business growth. For businesses in Wellington, budgeting isn’t just about predicting income and expenses — it’s a vital strategic tool that gives you control, clarity, and confidence.
From 1 April 2025, New Zealand’s minimum wage will increase, impacting businesses across the country. As an employer, it’s essential to understand how these changes affect your payroll, budgeting, and overall business operations. Here’s what you need to know to stay compliant and prepared.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
You started your business to enjoy the freedom of being your own boss — yet somehow, you’re working longer hours and feeling overwhelmed with admin, meetings, and constant demands.
The good news? There are practical steps you can take to regain control of your time and create a healthier work-life balance.
With 31 March fast approaching, now’s the perfect time to prepare for the end of the financial year. Acting early can save you time, reduce stress, and ensure your business is ready to thrive in 2025. If you’d like a checklist to guide you through the process, reach out — we’re here to help.
ALL POSTS
NEWSLETTER SUBSCRIPTION