Do you understand your ‘why’? Does your team understand it? How about your customers? Your ‘why’ is why your business exists for your customers (and it’s not to make a profit!). Your…
Employers should now know of the Single Touch Payroll Phase 2 reporting requirements. While some accounting and payroll software already meets the ATO’s reporting requirements, some software providers have deferrals in place…
High inflation is hitting businesses and households hard in 2022. Across the world, inflation is running high, thanks to factors like pandemic disruptions, monetary stimulus and supply-chain issues. You’ll see…
It’s nearly time to make a finalisation declaration for Single Touch Payroll. There is no need to issue payment summaries to employees you have reported through STP. Employers must complete…
The Fair Work Commission has this week handed down their decision in relation to minimum wage increases. From 1 July 2022, wages will increase as follows: Min wage for award-free…
In addition to planning for the expected statutory super rate rise to 10.5%, some employers need to prepare for a significant change from July 2022. Removal of the $450 Monthly…
Most small businesses in Australia employ people. One of the most common payroll errors is incorrect processing of termination payments when employees leave. With the introduction of Single Touch Payroll…
Are your staff asking to cash out annual leave? There are some important rules to remember before paying out annual leave. Firstly, you must review the employee’s modern award to…
As a business owner these days, you have access to a huge variety of different online, digital and social channels for sharing your marketing message. And that’s great news for…
Christmas is a great time to acknowledge and reward your employees and other associates by celebrating and giving gifts. But don’t get caught out by entertainment rules! Claiming entertainment and…