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Useful industry news and articles from the team at Alltech Payroll.
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- 21 July 2022
Redundancy is a situation where an employee’s job is no longer required due to changes in business operations. Their redundancy calculation will depend on a variety of factors, such as the employee’s age, employee’s length of service, the size of the business and any specific rules which may apply under the relevant industrial instrument. So … Read more
- 7 July 2022
Important changes to how much superannuation you need to pay your employees are now in effect. These apply to salary and wages paid from 1 July 2022, even if some or all of the pay period relates to work done before 1 July. Here is a summary of the changes: Superannuation increases to 10.5% Employers should be … Read more
- 19 May 2022
Last week, the ATO made an announcement urging employers that have provided their employees with fringe benefits to consider their Fringe Benefits Tax (FBT) obligations including registering, reporting, lodging and paying FBT. The ATO expects many employers to have an FBT obligation for the first time due to benefits provided during COVID-19. A fringe benefit is a … Read more
- 28 April 2022
As a reminder, from 1 July 2022 employers will need to pay superannuation for employees who are under 18 years old if they work more than 30 hours for you in a week. This is due to the $450 per month threshold for super guarantee will be removed from 1 July 2022. The change is now law under the Treasury … Read more
- 7 April 2022
Sadly (for some), daylight saving time came to an end on Sunday 3 April 2022 in the Australian Capital Territory, New South Wales, South Australia, Tasmania and Victoria, with clocks going back 1 hour from 3 am to 2 am. When local daylight time is about to end: Sunday, 3 April 2022, 3:00:00 am clocks are turned backward 1 … Read more
- 31 March 2022
Recent flooding has substantially impacted businesses and individuals in New South Wales and Queensland. To assist employers and employees affected, the Fair Work Ombudsman’s natural disasters and emergencies factsheet includes information about: temporary business closures standing down employees the leave entitlements available to staff participating in disaster relief activities CLICK HERE to download a copy of … Read more