Latest News

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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Fair Work have made a recent update to ‘What has to be on a pay slip?’ on their website. The site now includes the term ‘casual loading’. If this is not shown on the pay slip, a note can be included to state that the hourly rate incorporates the causal loading. Here is the list…

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Visits from the ATO

ATO Assistant Commissioner Peter Holt recently announced that in the 2019/20 financial year, the ATO will be visiting a further 10,000 small businesses across the country including up to 500 small businesses in Tasmania. They will also target businesses that advertise as ‘cash only’ and who’s operation contributes to the black economy. “Businesses that pay…

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Employees are spoilt this year as there is a small gap between public holidays during April. This means by taking three days of annual leave or ‘chucking three sickies’, employees can enjoy up to 10 days off work. Employers should plan ahead for those who wish to take annual leave during this time. But the…

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EOFY under STP

EOFY under STP This year will be the first “year end” under STP and things will be very different. Payment Summaries have a new name and location ·         Payment Summary information will now be available online at myGov. It will be called an ‘Income Statement’. ·         Once you start reporting under STP, you will no…

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Last week, Parliament passed legislation to extend Single Touch Payroll (STP) reporting to include all small employers (those with fewer than 20 employees) from 1 July 2019. Small employers can start reporting any time from the 1 July start date to 30 September 2019. There will be generous transition arrangements including deferrals and a quarterly reporting…

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