News

For a 10th year, Alltech has partnered up with the Cronulla Sharks as a Corporate Partner. This year we are lucky enough to be sponsoring the Co-Captain, Cameron McInnes. Alltech looks forward to a successful year working with the Cronulla Sharks, Up Up.

A shutdown is when a business temporarily closes during slow periods of the year, such as Christmas and New Year. It is also called a “close down”.  If the business requires employees to attend work during the shutdown period, they should be paid as normal.  Employees do not have to attend work on any days during … Read more

In the dynamic world of business, payroll managers play a crucial role, though their contributions are often unsung. As a payroll manager, showcasing the value of your role is not just about executing tasks efficiently, it’s about demonstrating how your work positively impacts the broader business objectives. Here are some effective strategies to highlight the … Read more

The ATO will soon expand how they use Single Touch Payroll (STP) information they have received from employers. They will do this by reviewing it alongside information reported to them by super funds, which tells them when an employer has paid their employee’s super guarantee. While they already hold this information, they are improving how … Read more

The ATO has released new HECS-HELP tax tables that apply from 1 July 2023. There are no changes to the normal PAYG tax tables for the 2023–24 income year. The only change is to study and training support loans. Study and Training Support Loan changes to apply from 1 July 2023: With the annual indexing of … Read more

The fringe benefits tax (FBT) year ends this week on 31 March 2023. Employers must assess their fringe benefits tax (FBT) liability for the 2023 FBT year (1 April 2022 to 31 March 2023) to determine whether they have a lodgement and payment obligation. If the employer: For more information on Notice of non-lodgement visit: Fringe benefits tax … Read more