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Useful industry news and articles from the team at Alltech Payroll.
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- 20 October 2016
What notice and evidence is required for leave taken in regard to jury duty? Employees must advise their employers of the period or expected period of leave as soon as possible. If an employee requests leave they need to provide evidence showing they attended jury selection or jury duty. How do we treat payment for … Read more
- 17 March 2016
With Easter around the corner, it is a good time to go over the frequently asked questions that come up around public holidays. Which public holidays are applicable over the Easter Period? Check your award or enterprise agreement in the first instance. If not specified, you can refer to the Fair Work Ombudsman site or … 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
- 11 December 2014
Q/ An employee is using their Annual Leave in conjunction with their unpaid parental leave. What should I do about public holidays? A/ If the public holiday falls during the period covered by the paid annual leave time, then the leave period is extended by the public holiday as usual (That is, it is only … Read more