Thankyou Payroll provides free online payroll and PAYE filing services for small businesses and registered charities in New Zealand (and for a small cost to bigger businesses!)

Thankyou Payroll (TYP) takes the pain out of payroll for many businesses and organisations, with a generosity model at its core. They offer an easy and attractive interface that does all the necessary payroll calculations for you, pays all your employees, issues payslips, and calculates leave.  They even file and transfer all the payroll related data and money to IRD for you so you don’t need to worry about anything. If you’re a registered charity or a small business, they even do it for FREE for you!

Generosity is at the heart of what Thankyou Payroll does. They donate a portion of revenue for every pay a client runs to the Thankyou Charitable Trust, a grant giving organisation that funds community projects and services. TYP also offers their clients a ‘regular giving’ model, where clients can choose to give a monthly charitable donation and TYP will waive any fast-service fees used.  TYP is carbon-neutral certified and is setting an example for other businesses to get on board, demonstrating that any business can adopt a triple bottom line approach: social, environmental and financial. Thankyou Payroll is disrupting a traditional tax and payroll sector!

What problem are they trying to solve?
Thankyou Payroll knows payroll can be complex, and also critical for most businesses. There are many businesses and organisations that don’t have in-house skills to run it confidently. They also want to save you time, money, and stress. To support businesses to grow, they offer a free service to small businesses (3 or fewer employees) and registered charities, that often can’t afford such services.

  Christina Bellis CEO of Thankyou Payroll  Photo: Pat Sheppherd

Christina Bellis CEO of Thankyou Payroll
Photo: Pat Sheppherd

What impact is Thankyou Payroll making?
Thankyou Payroll’s has direct and indirect beneficiaries. They free up time, focus and resources for businesses and organisations, helping them to concentrate on the work they do and their core impact activities.  

Their social impact can also measured through grants the Charitable Trust gives. Community groups attend a potluck dinner to tell their story and impact and share their work with others. This helps to foster community connections. TYP has given over $200K directly to registered charities, and saved registered charities over $800K in-kind through providing free payroll services.

Thankyou Payroll’s environmental impact is measured through their carbon neutrality, and they have been certified by Ekos. Last financial year they invested 21.14 rCO2e verified emission reduction units sourced from the Rarakau Forest Conservation Project in western Southland. The forest is 738ha of Māori owned tall indigenous rainforest. They aim to be an exemplar for environmental accountability and help other businesses and organisations join the pathway to carbon neutrality.

What is Thankyou Payroll’s business model?
Thankyou Payroll has a tiered monthly subscription model based on the number of employees.  It offers its service for free to small businesses (3 or fewer employees) and registered charities. They also have optional fees for faster payroll processing.  Thankyou Payroll also raised money through an equity crowdfunding campaign in 2017 to meet upcoming legislative changes.

Where to from here?
Thankyou Payroll is working on becoming carbon negative. They are also working to increase the uptake of payroll giving through their payroll system. Payroll Giving offers employees the option to donate a portion of their salary every payday to a registered charity in NZ and receive an immediate tax rebate. They are also releasing the next iteration of their employee app (where employees have all their payroll details in a smart app on their phone) and are refreshing their user interface.

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Enterprise Details
Name
Thankyou Payroll

Founder(s)
Hugh Evans & Kate Stevens

Date of Creation
2009

Location
National (with offices in Wellington and Dunedin)

Number of Employees
20

Legal Structure

Limited Liability Company


Industry

Software as a Service

Payroll intermediary

Financial


Impact

Community and regional development

Addressing financial exclusion

Reducing waste

Environmental Sustainability



Beneficiaries

Registered Charities

Small businesses

Medium Businesses

Not-for-Profit and community organisations

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