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Six-figure penalty for incorrect payroll 1

Six-figure penalty for incorrect payroll

January 25, 2017

A recent court case saw $143,000 in penalties handed down to the operator of two food outlets in Brisbane. The company, its director, and the company’s former payroll manager all received fines after underpaying two workers and ignoring previous warnings to rectify the issue. The Fair Work Ombudsman launched legal action against the company following […]

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Fair Work minimum wage and pay guides (Awards)

June 1, 2016

From 1 July 2016 minimum wage will be $672.70 Pay Guides (Awards) can be found here – https://www.fairwork.gov.au/pay/minimum-wages/pay-guides Full details https://www.fwc.gov.au/sites/wagereview2016/decisions/2016FWCFB3506.pdf    

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2016 budget update

2016 Budget: tax impacts on small business

May 6, 2016

This is article is by Stephen Clifton providing short, sharp commentaries and education on financial matters. No more than 195 words, less than a minute read! ————- Small business tax related aspects of the 2016 budget and other current tax breaks Here’s my short 195 word comments on just a few of the personal and […]

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Salary-sacrificed electric bicycles (e-bikes) may be FBT exempt 3

Salary-sacrificed electric bicycles (e-bikes) may be FBT exempt

April 5, 2016

A recently released class ruling issued by the ATO has confirmed that the employees use of an e-bike can be FBT exempt in certain circumstances. The arrangement involves a Novated Lease agreement where the bike company leases the bike to the employer for the term of the agreement. All costs of the lease are paid […]

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Payroll pitfalls to watch for in salary sacrifice superannuation 4

Payroll pitfalls to watch for in salary sacrifice superannuation

February 9, 2016

Home » Payroll pitfalls to watch for in salary sacrifice superannuation Salary Sacrifice Superannuation via Payroll in Accounting Software Xero, MYOB, Reckon – The pitfalls to watch out for. Reportable Superannuation on Payment Summaries – Make sure if the employee is influencing the salary sacrifice superannuation that this show as RESC on the payment summary […]

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Fair Work minimum wage case review 5

Fair Work minimum wage case review

June 3, 2015

Fair Work Minimum wage case review on 2 June has increased modern award  minimum  wages  by 2.5 percent effective 1 July 2015. More details on this determination at fairwork https://www.fwc.gov.au/documents/sites/wagereview2015/decisions/2015_FWCFB_3720.pdf

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