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Useful industry news and articles from the team at Alltech Payroll.
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- 18 February 2016
If you’ve been asked to work a trial shift, you should ask about pay. Anything more than a brief demonstration of skills? Chances are it should be paid. https://www.fairwork.gov.au/pay/unpaid-work/unpaid-trials
- 21 January 2016
Unfortunately, 2016 got off to a scary start for some of us, with bushfires raging in Victoria, South Australia and Western Australia. The Fair Work Ombudsman has a fact sheet to assist businesses understand their employees’ entitlements during a natural disaster. It also provides information about employees who need time off work as they are … Read more
- 19 November 2015
Taxing a bonus can be quite confusing. There are several methods to tax a bonus. There is Method A and Method B (i) and (ii). Let’s look at Method A Method A is a simpler calculation and the most commonly used method. Bonuses are taxed at “marginal rates.” Marginal rates does not refer to the … Read more
- 30 October 2015
The superannuation Maximum Contribution Base is the upper earnings limit for each quarter that an employer is obliged to pay superannuation contributions. The Maximum Contributions Base for 2015/16 financial year is $50,810 per quarter —(this figure is indexed each year and provided by the ATO). An employer is obliged to pay superannuation contributions on ordinary time … Read more
- 15 October 2015
Outstanding payments for time worked up to termination: All outstanding payments must be paid to an employee upon termination. Payments may include any outstanding ordinary time hours, overtime, allowances, leave taken, bonuses, shift loadings, etc, that would have been payable and treated as normal pay and taxed using the appropriate tax tables. Other payments can … Read more
- 12 October 2015
There are just over 11 weeks until Christmas – and while that sounds scary, it is a timely reminder to start preparing for any closures that will happen at your workplace over the Christmas/New Year period. If you are planning an annual Shut Down, information on the Fair Work Ombudsman’s website provides guidance on what … Read more