Review your payroll provider 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). […]
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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!
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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
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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
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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 pay slip. In late June 2012 legislation was passed for this change, however details of the change and commencement
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