Useful industry news and articles from the team at Alltech Payroll.
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- 15 August 2019
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 … Read more
- 8 August 2019
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 … Read more
- 30 May 2019
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) … Read more
- 23 May 2019
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 … Read more
- 10 May 2019
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 … Read more
- 11 April 2019
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 … Read more