Single Touch Payroll Phase 2 is on its way and this article covers off everything you need to know and what you need to do to get your business up and running. STP Phase 2 expands on the mandatory reporting requirements to the ATO, providing specific additional employee details to the ATO and other government …
The new financial year has arrived. Let’s take a quick look at some of the important dates and updates from 1 July 2022. 1 July 2022 Changes to Superannuation The Superannuation Guarantee rate is increasing to 10.5%. This rate applies for any payments that fall on or after 1 July, even if it was earnt …
The national minimum wage will increase to $812.60 per week, or $21.38 per hour, after a decision by the Fair Work Commission exceeds the government’s suggested 5.1% increase. The Commission decided to increase modern award minimum wages by 4.6% subject to a minimum increase for adult award classifications of $40 per week (full-time). The increase …
Fair Work Commission announces 5.2% national minimum wage increase Read More »
With the annual Easter holiday period this weekend, it brings with it a range of public holidays and trading restrictions across Australia. Each Australian state and territory have different laws that govern public holidays and trading over Easter, so it’s important be informed about the rules and regulations where you do business. This article details the …
Easter 2022: understanding all the retail trading rules Read More »
As the majority of Australia has switched to a policy of ‘letting COVID rip’, more employees are now isolating with COVID as a patient or close contact than ever before. Consequently, more employees are relying on their annual or sick leave entitlements to ensure they’re getting paid while in isolation. This article summarises the most …
Everything you need to know about employee leave when isolating because of COVID Read More »
If your business has employees, then paying superannuation on time is undoubtedly a topic you know much about. The government’s superannuation guarantee requires employers to pay a superannuation contribution equal to 10% (2021/2022) of an employee’s ordinary time earnings if an employee is paid $450 or more before tax in a month. If you use …
Whether you’re hiring your first employee or your fortieth, compliance matters. But how do you ensure you’re compliant with all payroll laws and follow industry-wide best practices? This guide will help you make the right choices. Compliance is a legal requirement Before your new employee even arrives for their first day, there’s a lot to …
Payroll is a workplace function that usually occurs in the background and simply just “happens.” Any business who adopts these top tips for best practice payroll compliance, should find that payroll is invisible to the rest of the business. It does however remain one of the most preventable areas of risk for many businesses. With …
An employment contract is an agreement between an employer and employee that sets out the terms and conditions of employment. It is not necessary to specifically agree on a contract for one to exist. The fact that an employee starts work for an employer brings with it certain fundamental implied terms, such as the right …
The importance of employment contracts, workplace policies and procedures Read More »
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