News
Useful industry news and articles from the team at Alltech Payroll.
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- 15 June 2017
The Fair Work Commission has announced a 3.3% increase to the National minimum wage and the Modern Awards minimum wage. The new minimum wage is set at $694.90 per week which equates to $18.29 per hour The increase will apply from the first full pay period starting on or after 1 July 2017. Fair Work … Read more
- 1 June 2017
Single Touch Payroll is a government initiative to streamline business reporting obligations. Follow the below link to see what this means for your business and employees. https://www.ato.gov.au/about-ato/about-us/in-detail/strategic-direction/streamlined-reporting-with-single-touch-payroll/?=redirected
- 25 May 2017
It’s always frustrating for an employer when they realise they have overpaid an employee.It seems simple to expect the employee to simply return the money or take it from the next pay.However things are never as simple as they seem, particularly if the overpayment occurred in a previous financial year. There are several options available … Read more
- 20 April 2017
Q. If an employee is ordinarily rostered to work on a day that a public holiday falls and they are not required to work, what rate of pay is the employee to be paid at? Public holidays are paid at the base rate of pay for the ordinary hours that they would have worked. The … Read more
- 24 March 2017
One of the most important tasks for all businesses is the preparation of payroll and payment of wages. This process is complicated by additional components such as bonuses, allowances, deductions, and employer superannuation contributions. It is not surprising that countless companies are not compliant with Federal and State Legislation. Many companies handle their own payroll … Read more
- 16 February 2017
5 Top Termination Questions Q: What rate of pay do I apply to a termination payment? A: Different components of a termination pay will be treated differently. Annual Leave: this is paid at the same rate that the employee would have received had they taken the annual leave. If the employee receives an allowance (such … Read more