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Employer deductions IR 345 June 2014 Please see notes on the back to help you complete this form and the EMS schedule. Name and address For more information: website www.ird.govt.nz telephone 0800
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What is employer deductions?
Employer deductions are amounts taken out of an employee's paycheck to cover items such as taxes, benefits, and contributions to retirement plans.
Who is required to file employer deductions?
Employers are required to file and report employer deductions for all employees.
How to fill out employer deductions?
Employer deductions can be filled out by using payroll software or manually on tax forms provided by the government.
What is the purpose of employer deductions?
The purpose of employer deductions is to ensure that employees have the necessary funds withheld from their paychecks to cover taxes and other obligations.
What information must be reported on employer deductions?
Employer deductions must include details of taxes withheld, benefit contributions, retirement plan contributions, and any other deductions taken from an employee's pay.
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