The ATO has released new tax tables that apply from 1 July 2024. Amendments to income tax rates, commonly referred to as the Stage 3 Tax Cuts, made by the Treasury Laws Amendment (Cost of Living Tax Cuts) Act 2024 will apply to the 2024–25 financial year. There have been updates to all 15 withholding … Read more

Employers should be aware that there are differing legislative requirements for when payments on termination are to be paid to the employee and factor this into their business practices to ensure compliance.  Most modern awards contain a ‘payment of wages on termination’ clause, which outlines the employer’s obligation to pay outstanding wages and entitlements when … Read more

QUESTION I have a Director who has advises he wishes to cease receiving SGC payments as he has another role and both SGC amounts will push him over the Personal Super Concessional Contributions cap. Can you confirm the options we have to ensure we are still fulfilling our obligation. Is paying the SGC amount back … Read more

For a 10th year, Alltech has partnered up with the Cronulla Sharks as a Corporate Partner. This year we are lucky enough to be sponsoring the Co-Captain, Cameron McInnes. Alltech looks forward to a successful year working with the Cronulla Sharks, Up Up.

A shutdown is when a business temporarily closes during slow periods of the year, such as Christmas and New Year. It is also called a “close down”.  If the business requires employees to attend work during the shutdown period, they should be paid as normal.  Employees do not have to attend work on any days during … Read more

In the dynamic world of business, payroll managers play a crucial role, though their contributions are often unsung. As a payroll manager, showcasing the value of your role is not just about executing tasks efficiently, it’s about demonstrating how your work positively impacts the broader business objectives. Here are some effective strategies to highlight the … Read more