Did you know that the Fair Work Act has particular requirements in terms of what information should be included on a pay slip? Do you know if your pay slips are compliant? Employers have an obligation to pay their staff on time, but many fail to provide pay slips on time. It is a requirement
The ATO has recently warned employers that it considers that annual leave loading should normally be part of ordinary time earning (‘OTE’) for superannuation guarantee (‘SG’) purposes, unless it is referable to a ‘lost opportunity to work overtime’. Therefore, if employers have self-assesed on the basis that their annual leave loading is not OTE, and […]
Single Touch Payroll is a way of sending tax and super information to the Australian Taxation Office (ATO) from your payroll or accounting software each time you pay your employees. What are the changes? Legislation to extend Single Touch Payroll to include employers with 19 or less employees from 1 July 2019 was passed by […]
Sign up for The Money Edge's Money Tips!
