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Useful industry news and articles from the team at Alltech Payroll.
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- 14 November 2019
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 … Read more
- 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
- 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
- 21 February 2019
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 … Read more