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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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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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We know that this time of year can be hectic for everyone involved in Payroll, so our trainers have put together this handy checklist to help you get through this busy period without missing any vital steps. Procedure Tick if completed 1) Check employee details a) Name / Address / TFN / Date of Birth […]
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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
Read MoreCompany directors have a legal responsibility to ensure that their company meets its pay as you go (PAYG) withholding and superannuation guarantee charge (SGC) obligations. The director of a company that fails to meet a PAYG withholding or SGC liability by the due date automatically becomes personally liable for a penalty equal to the unpaid amount. […]
Read MoreShutting down your business over Christmas Before you decide to shut down your business, you need to check that there is a term in your award or agreement that allows you to require your employees to take paid annual leave. If your award or agreement doesn’t let you require your employees to take paid leave, […]
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