Are you paying your staff correctly? Woolworths $200m plus remediation
Woolworths is the latest company facing a fallout from the underpayment of staff. In what is believed to be the largest remediation of its kind, [...]
The new rules for calculating the Super Guarantee for employees
From 1 July 2020, new rules will come into effect to ensure that an employee’s salary sacrifice contributions cannot be used to reduce the amount [...]
New pay rates from 1 July
New pay rates came into effect from 1 July 2019 with the minimum wage increasing by 3% from the first full pay period. The new [...]
Single touch payroll exemption for directors and family members
The ATO has provided a concession from single touch payroll for payments by small employers to closely held payees. Single touch payroll (STP) was extended [...]
Single Touch Payroll – 1 July is fast approaching, will you be compliant?
We are a Xero Single Touch Payroll (STP) ready practice. This means we have completed the training required to offer STP services to businesses and [...]
SBSCH end of financial year processing dates
Pay your super via a clearing house? Superannuation payments are only considered to be paid for taxation purposes once they have been received by the [...]
Recording payments to contractors
The taxable payments reporting system requires businesses in certain industries to record and report payments made to contractors to the ATO. From 1 July 2019, [...]
Live reporting through single touch payroll
Single touch payroll (STP) reporting has changed the way businesses report salary and wages, PAYG withholding and superannuation contribution information to the ATO. For the [...]
No tax deductions if you don’t meet your tax obligations
From 1 July 2019, if taxpayers do not meet their PAYG withholding and reporting obligations, they will not be able to claim a tax deduction for payments.
Employ staff? Single touch payroll applies to you!
From 1 July 2019, single touch payroll – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – [...]