Sorting out staff payroll can be time consuming and stressful, taking up time that could be more usefully spent on core business. So, the team at Thankyou Payroll have developed a free payroll intermediary service for organisations and small businesses with less than 50 employees in New Zealand.
Thankyou Payroll use a government subsidy to pay their staff, who sort out taxes, student loans, leave etc. every week, leaving charities free to concentrate on providing services and creating social change. The plan is to funnel the profits made into a philanthropic trust that will provide small grants to non-profit organisations around the country. The team hope this will be up-and-running by mid 2014.
It’s a win-win-win system: charities get a free payroll service so staff can spend more time on core business; the government gets tax data in an easier-to-use online format; and Thank you Payroll get to create a new small grant making body for New Zealand.