Payroll
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Home » Why is a Qualified Payroll Officer Important in 2020? Properly trained payroll staff who are able to process payroll and comply with the latest legislation, rates and rulings are critical for business compliance and success. Why are businesses are looking for specialised skills in payroll? With regular announcements of underpayment of staff in […]
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Home » Bookkeepers are you up to date on all ATO changes that came into effect last year? The ATO introduced a number of legislative changes last year that will impact many small business. Here is a quick summary of the areas that may affect your business or your clients. Payments to contractors The Taxable […]
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Home » Single Touch Payroll and Christmas Closure Are you shutting your business in December or January? Here is the latest announcement from the ATO on how a shutdown during the December and January holiday period affects STP. “We understand that many businesses close during December or January. If you are Single Touch Payroll (STP) […]
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Home » Single Touch Payroll non-compliance Single Touch Payroll is now in force for all businesses, and the ATO have started writing to non-compliant businesses. However if you or your clients have been contacted for non-compliance by the ATO, don’t panic yet. There may be some simple steps when sending or setting up files that […]
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From 1 July 2019, Single Touch Payroll was introduced for all businesses including those with 19 or fewer employees. However, to support small businesses the ATO had allowed a transition period of three months to start reporting or to apply for additional time. This transition period will end on 30 September 2019. […]
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Finally, it looks likely that a loophole that allows employers to count their employees salary sacrifice amount towards employer SG contributions, will be closed. Currently, employers can reduce their mandated SG contributions by counting an employee’s voluntary super contributions through Salary Sacrifice. The amendment to the law, which was first introduced in 2017 […]
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