Useful industry news and articles from the team at Alltech Payroll.

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Useful information in regards to managing staff. http://www.fairwork.gov.au/about-us/policies-and-guides/best-practice-guides/managing-underperformance

Good Friday  April 3, 2015 All States and Territories and New Zealand Easter Saturday April 4, 2015  Not TAS, WA or NZ Easter Sunday April 5, 2015 NSW and VIC only Easter Monday April 6, 2015 All States and Territories and New Zealand Easter Tuesday April 7, 2015 TAS – not a State-wide holiday. For … Read more

The ATO has reported that there is currently $5.8 billion of unclaimed superannuation.  Your staff will be most appreciative if you are able to help them find out whether some of this money actually belongs to them.  For those interested in finding out more and forwarding on to staff, here is the link: https://superseeker.super.ato.gov.au/SuperSeekerWeb/default.aspx?pid=71

At times staff may want to have additional PAYG tax withheld from their pay. The current requirement is that the employee must complete an Upwards Variation, which is a specific ATO form and also forms part of the Withholding Declaration. From 1 February 2015 the requirement for staff to complete this form will be abolished. … Read more

Q/ An employee is using their Annual Leave in conjunction with their unpaid parental leave. What should I do about public holidays? A/ If the public holiday falls during the period covered by the paid annual leave time, then the leave period is extended by the public holiday as usual (That is, it is only … Read more

How is it taxed? Where does it go on a payment summary? Is it superable? It is taxed using the ATO’s tax table for Backpay, bonuses, commissions and similar payments. You will use either Method A or B. The method for marginal rates tax is shown below: 1. Use the Tax Tables to work out … Read more