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Home » 2020-21 Personal – ATO Payroll Process Requirement Updates for All Businesses. ATO Payroll process Updates After a shaky year due to the pandemic causing a full scale economic catastrophe globally, the Australian Government is slowly making the necessary adjustments to follow suit. These updates will reflect on processes applicable to tax cuts. Starting […]
Home » What are the advantages and disadvantages of salary packaging? If you are wondering what are the advantages and disadvantages of salary packaging – salary packaging is a voluntary choice for employees and employers. The decision to salary package ultimately rests with each individual employee and it also also up to the employer if […]
Home » What is Salary Sacrifice and Salary Packaging? Salary sacrifice benefits, also referred to as salary packaging is an arrangement between an employer and an employee. What is Salary Sacrifice Packaging and Salary Packaging? “Salary packaging” is the term used to refer to the process of structuring an employee’s total remuneration in such a […]
Home » JobKeeper Update: Bookkeepers, don’t miss your monthly declarations. As part of your monthly payroll processes, don’t forget to submit the JobKeeper Declaration. Missing the Declaration could mean missing out on receiving the payments. June due date looming To claim for the JobKeeper payments for your employees, your business must make a monthly declaration […]
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 […]
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 […]