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Useful industry news and articles from the team at Alltech Payroll.
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- 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
- 10 March 2022
Many workplaces are currently affected by the flooding across Queensland and northern New South Wales. There are several paid and unpaid leave entitlements employees may be able to access if they are affected by the floods or to assist with emergency management activities. These include: Taking annual leave Annual leave can be taken at any time … Read more
- 10 February 2022
If you provide your employees with incentives or rewards for getting their COVID-19 vaccination or booster dose, there may be tax and super consequences in doing so. The consequences differ depending on whether a cash payment, paid leave or non-cash benefit is provided. If you provide non-cash benefits to your employees, you may have to pay … Read more