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 […]
Applied Education is very excited that the Diploma of Payroll has been released as a Nationally Recognised Qualification for 2018. We are currently preparing the course materials and will have this course available soon. We will also offer a pathway for past and existing students who will be able to obtain this formal qualification with […]
An article published by BDO Australia discusses the importance of reviewing payroll provider services with a particular focus on tax obligations. The article states that where a business employs staff, that business has the obligation to ensure the tax withheld from employees’ wages is remitted to the Australian Taxation Office (ATO). Under some arrangements payroll […]
Have you ever wondered why Xero is so popular with Accountants & Bookkeepers? This short video runs through some of the main Xero features which can save you time and money. Keep an eye on our blog for other short videos coming soon!
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 […]
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
From 1 January 2014, employers need to make super contributions to a fund that offers a MySuper product for employees who haven’t selected a preferred fund. A ‘MySuper product’ is a new super account that will replace existing ‘default funds’ used for employees. A MySuper account has a simple set of product features, regardless of who […]
As of 22 February, 2013, the ATO is waiting on a further announcement by the Government to confirm requirements of the Super Reform measure that will change the way super contributions are reported on an employee’s payslip. In late June 2012 legislation was passed for this change, however details of the change and commencement date […]