What is Single Touch Payroll (STP) and how will it affect my business? According to the ATO, Single Touch Payroll is a reporting scheme that aims to introduce transparency in payroll reporting to ensure employers are meeting their obligations. This government...

Superannuation Guarantee will remain the same at 9.5% Maximum Superannuation Contributions Base for 2017/18 is $52,760 per quarter / $211,040 per year - this is indexed annually.  For any earnings above this limit, employers do not have to pay SG Contributions....

From 1 January 2017 new tax rules apply for working holiday makers on visa subclass 417 (Working Holiday) or 462 (Work and Holiday). You can check if your employees visa subclass is 417 or 462 using the Visa Entitlement Verification Online service (VEVO). The Change...

Superannuation Guarantee will remain at 9.5% Maximum Superannuation Contributions Base for 2016/17 is $51,620 per quarter / $206,420 per year - this is indexed annually.  For any earnings above this limit, employers do not have to pay SG Contributions. Concessional...

The Fair Work Commission has announced a 2.4% increase to minimum wages. The increase will apply from the first full pay period starting on or after 1 July 2016. The new national minimum wage will be $672.70 per week or $17.70 per hour - this is the rate that Parental...

Cuts to Concessional Contributions Caps The current concessional cap is $30,000 for aged 49 and below and $35,000 for 50 years and above.  From 1st July, 2017 the Government is proposing to decrease the concessional cap to $25,000 per year for all ages. The...

Applicable from the first full pay period in July, the minimum wage will increase by 2.5% to $656.90 per week, which equates to $17.29 per hour. This is the rate that Parental Leave Payments are based on. The minimum wages rates for any Modern Award will also increase...

E-Payoffice is Superstream Compliant if you are having your superannuation remitted by us via our Clearing House. See extract from the ATO website as follows, further information can be found at Superstream. What is SuperStream? SuperStream is a government reform...

The Superannuation Guarantee Employer Contributions will increase from 9.25% to 9.5% from 1st July. As announced in the recent federal budget, the temporary budget repair levy will apply from 1 July 2014 and will apply for 3 financial years. The levy will be imposed...

Applicable from the first full pay period in July, the minimum wages will increase to $640.90 per week, which equates to $16.87 per hour. This is the rate that Parental Leave Payments are based on. The minimum wages rates for any Modern Award will also increase by 3%...

The new Minimum Wage Rates are to start from the first full pay period after 1st July. The new National Minimum Wage Rate is $622.20 per week or $16.37 per hour.  This applies to employees who are not covered by an award or agreement.  This is also the current...

The Government has announced that it will defer the marginal tax rate cuts that were due to come into effect on 1st July, 2015.  The current Marginal rates are proposed to remain as they are. The Medicare Levy will increase from 1.5% to 2.0% as at 1st July 2014 to...