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
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 […]
Recently issued draft legislation has focused on introducing new measures to manage the growing cash economy (i.e., the ‘black economy’) in light of the Black Economy Taskforce recommendations and recent Federal Budget announcements. Two of these key recommendations are outlined below. Removing tax deductions for PAYG failure The Government is currently considering removing tax deductions […]
Single Touch Payroll (STP) officially commenced for larger employers on 1 July 2018, and the ATO has provided some further guidance for affected entities. The ATO is writing to employers who started reporting through STP before 1 July 2018, providing them with information about how their employees’ payment summary for 2017/18 may change with STP, […]
Single Touch Payroll (or ‘STP’) is mandatory for ‘substantial employers’ (being those with 20 or more employees) from 1 July 2018. All employers are required to count the number of employees on their payroll on 1 April 2018 to find out if they are a substantial employer (note that this can be done after 1 […]
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