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

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 COMPLIANCE
ADVICE
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BUSINESS
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STAFF
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SOFTWARE
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BUSINESS
FORMS
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STRUCTURE
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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

  • PAY GUIDE

  • ENTITLEMENTS

  • 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

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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. 

PAYROLL

COMPLIANCE

Pilbara Accounting & Taxation Services Pty Ltd    |    ITP Accountants North West   

ABN: 71 161 102 950    |    Tax Agent Number : 24627922

Terms & Conditons of Engagement of Service