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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 […]
Are you aware of the Casual Conversion Clause and how it may affect your business? What is the causal conversion clause? The new casual conversion clause, which came into effect on 1 October 2018, addresses the obligations of employers who have casual staff working on a regular and systematic basis. This clause affects over 80 […]
The national minimum wage increased by 3% from 1 July 2019 to $19.49 an hour which, according to the Fair Work Commission, will affect over 2 million workers. Who does it apply to? It applies to: all modern awards for employees on minimum wage; and the national minimum wage for award free employees. This […]
Payroll has become such an important function that businesses want employees with specialised skills, knowledge and qualifications. From bookkeeping to HR and office administration, understanding the responsibilities and legal obligations in processing employee payroll is essential for any business. Step 1. Complete a payroll qualification Study the FNS50417 Diploma in Payroll […]
With the increasing casualisation of the workforce in Australia, there is a large and accessible pool of eager workers. Many students and those re-entering the workforce are looking to fill a gap in their employment or gain valuable experience. If you want to attract strong candidates to roles in the future, gaining a good reputation […]
Last month it was legislated that Single Touch Payroll (STP) will be extended to employers with 19 or fewer employees, starting from 1 July 2019. This means that no longer will any business be reporting their payroll activity once a year to the ATO, instead every business in Australia will need to send a report […]