Posts By: alltech

Increases to minimum wages

As you may have heard, the Fair Work Annual Wage Review 2019-20 decision was handed down on Friday 19 June 2020. The Commission awarded an increase of 1.75 per cent. The National Minimum Wage (NMW) will be $753.80 per week or $19.84 per hour. The hourly rate has been calculated by dividing the weekly rate by 38, on…

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‘It’s vital to remember that we are not born resilient’ After facing some of the worst natural disasters in its history, Australia is now affected by the global pandemic COVID-19, leaving many bosses and employees alike, emotionally exhausted and overwhelmed. While one in five Australians are already vulnerable to mental health issues, this risk is…

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As many employers may already know, over the past few years, penalty rates in the Restaurant, Hospitality, Pharmacy, Fast Food and Retail awards have been gradually changing. This week encounter another phase of changes to the Retail Industry Award. Specifically with casual penalty rates. We do not usually mention particular award changes for individual awards, but this is…

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As we know, the World Health Organization has declared the coronavirus outburst as a public health emergency of international concern. As a result, employers need to understand their obligations in considering how this may affect their employees. This may include the granting of different forms of leave, working from home or taking extra precautions in…

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The Annual Bonus

We are very close to Christmas and being the time for giving, some employers might be thinking of providing an annual bonus to employees. When employees are paid bonuses, it is assessable income to them and processed as such in payroll: • Deduct PAYG from the amount using a marginal rates calculation • Report it…

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Taking annual leave in advance

With Christmas around the corner, some employees may want to take annual leave in advance. In this article we look how you can protect yourself when agreeing to let an employee take annual leave in advance. When can an employee take annual leave in advance? Under the annual leave in advance clause now included in…

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The clocks have moved forward by 1 hour.  This is due to daylight saving, which started at 2am on Sunday 6th October 2019 in the Australian Capital Territory, New South Wales, South Australia, Tasmania and Victoria. Daylight saving doesn’t apply in Western Australia, the Northern Territory or Queensland. How does this impact payroll? Employees most likely…

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Superannuation Checklist

With Single Touch Payroll bringing increased focus on compliance, paying superannuation correctly is more important than ever. Here are some ideas to form your own superannuation checklist: Check that you are paying superannuation to all entitled workers. It is important to know that some contractors may be entitled to superannuation as well. Check you are paying…

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ATO PAYG variations

Occasionally, an employee can decrease the amount of tax withheld from their salary. The employee must apply and obtain an approved withholding variation from the ATO in order to have their tax decreased in payroll. This is also known as a ‘downward variation’. What process must the employee follow to vary their PAYG? In order…

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Changes are constant in the new era of payroll. The way payroll can on-board new starters has changed as well. Employers can continue their current processes such as offering paper forms, but here are the newer options: Employees can link the following forms into their MyGov account: ·         Tax file number declaration ·         Superannuation (super)…

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