Prepare for Finalising Single Touch Payroll

Prepare now for finalising STP payroll data by 14 July. It’s time to make a finalisation declaration for Single Touch Payroll. There is no need to issue payment summaries to employees you have reported through STP. Employers must complete the finalisation declaration by 14 July for employees. Employers with a mixture of employees and closely […]

Super Guarantee Rate Rises in July to 11%

The super guarantee rate will rise in July this year to 11%. Have you calculated the extra cost to your business? This rate increase may also affect salary packages. Talk to us now to start preparing for the changes, so you don’t get caught out. In July 2023, the superannuation guarantee statutory rate will rise […]

Keeping your cashflow strong in tough times

Weathering the storm? Small businesses are particularly vulnerable in tough economic times. Small businesses are particularly vulnerable in tough economic times. When sales are slow, there are still overheads and salaries that need to be sorted. Pre-planning and being proactive can help you weather tighter economic periods and allow you to continue to thrive. Make […]

Paid Family and Domestic Violence Leave – New Entitlement Rules

As of 1st Feb, Paid Family and Domestic Violence Leave is a paid leave entitlement for employees of larger employers, and from 1 Aug 23 for employees of small employers. Talk to us to plan for changes to payroll provisions and costs. Employees of non-small business employers can now access 10 days of paid family […]

When Can You Deduct Money from an Employee’s Wages?

Employers, did you know that there are only a few situations where you can lawfully deduct money from an employee’s wages? There are only a few situations where you can lawfully deduct money from an employee’s wages. Make sure you check what’s allowed before deducting so that it’s following the Fair Work Act. Even if […]

Pay and payroll mistakes that can cost your business

Many businesses get pay wrong without being aware of it. But pay or payroll errors are a major financial and legal risk. Thus, you need to know where you could be going wrong and ways to stay compliant. This article covers the most common pay mistakes. This article was originally published by Nick Stanley from […]