PAYROLL
ADVICE
HIRING STAFF CAN BE BOTH THE MOST EXCITING AND MOST DAUNTING TIME FOR ANY SMALL BUSINESS.
ENSURE YOU HAVE THE FACTS AND TOOLS WITH PILBARA ITP
BUSINESS RESOURCES
COMPLIANCE
ADVICE
BUSINESS
ADVICE
STAFF
ADVICE
SOFTWARE
ADVICE
BUSINESS
FORMS
STRUCTURE
ADVICE
FAIR WORK
ADVICE
PAYROLL
OBLIGATIONS
WHAT ARE EMPLOYER OBLIGATIONS
EMPLOYING STAFF HAS A NUMBER OF LEGAL REQUIREMENTS.
WHERE TO START
IF YOU RUN A BUSINESS AND INTEND TO EMPLOY STAFF THE FOLLOWING AREAS ARE IMPORTANT TO INFORM YOURSELF ON
ENSURE YOU HAVE ADEQUATE BUSINESS INSURANCE ALONG WITH SPECIFIC EMPLOYEE COVER LIKE - WORKERS COMPENSATION & LIABILITY INSURANCES
ENSURE YOU HAVE READ YOU INDUSTRIAL AWARD AND UNDERSTAND NOT ONLY THE REMUNERATION SECTION & PAY GUIDE BUT ALSO THE WORKING CONDITIONS SECTIONS
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PAY GUIDE
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ENTITLEMENTS
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PENALTIES
EMPLOYEES ARE ENTITLED TO RECEIVE A 9.5% SUPERANNUATION CONTRIBUTIONS FROM THEIR EMPLOYER
EMPLOYER ARE REQUIRED TO KEEP CLEAR, COMPLETE PAYROLL RECORDS IN A READILY ACCESSIBLE FORMAT
PAYROLL PROCESSING
PAYROLL IS MORE THAN JUST PROCESSING A PAYMENT - IT IS ABOUT CALCULATING ALL THE EXTRA ENTITLEMENTS FOR EMPLOYEES AND RESPONSIBILITIES FOR EMPLOYERS
ENSURE YOU ARE ON TOP OF STAFF LEAVE AND ENTITLEMENTS WITH EASY ONLINE LEAVE FORMS AND REAL-TIME LEAVE ENTITLEMENTS RECORDS
REPORT PAYDAY REPORTS VIA STP DIRECTLY TO THE ATO WITH A CLICK OF A BUTTON
REVIEW AND LODGE IAS & BAS WITHIN SOFTWARE
COLLECT EMPLOYEE TIME INFORMATION VIA ONLINE APPLICATIONS RATHER THAN ONEROUS PAPER BASED SYSTEMS OR SYNC VIA THIRD PARTY JOB MANAGEMENT APPS
PAY SUPER WITH EASE USING SUPER-STREAM AND DIRECT DEBIT SUPER OPTIONS - NO MORE MANUAL SUPER PAYMENTS FOR SMALL BUSINESSES
PAYROLL
TECHNOLOGY
XERO PAYROLL
BENEFITS
PAYG - TAXES FROM EMPLOYEES PAY
EACH PAY YOU NEED TO WITHHOLD TAXES IN LINE WITH THE ATO ISSUED TAX TABLES.
AT THE END OF YOUR REPORTING PERIOD YOU PAY THESE TAXES TO THE ATO AND LODGE A BUSINESS ACTIVITY STATEMENT TO REPORT TOTAL WAGES AND TAXES WITHHELD.
SINGLE TOUCH PAYROLL ( STP )
AFTER EACH PAY EVENT YOU ARE REQUIRED TO SEND THE FULL PAYROLL DATA TO THE ATO ONLINE VIA SINGLE TOUCH PAYROLL REPORTING TEMPLATES.
THIS REPORT OUTLINES THE TOTAL PAYROLL COSTS ALONG WITH TAXES AND SUPERANNUATION PAYMENTS REQUIRED BY THE EMPLOYER.
SUPERANNUATION ( SGC )
EACH PAY YOU ARE REQUIRED TO SET ASIDE 9.5% OF EMPLOYEE EARNINGS TOWARD SUPER CONTRIBUTIONS.
THESE PAYMENTS ARE THEN REQUIRED TO BE PAID NO LESS THAN QUARTERLY TO EMPLOYEE FUNDS.
PAYSLIPS
YOU ARE REQUIRED BY LAW TO ISSUE EMPLOYEES WITH A PAYSLIP OUTLINING THEIR PAYROLL CALCULATIONS AND ENTITLEMENTS.