Legislative Changes that affect Payroll – 2016/17
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...
read moreIncrease in the Minimum Wage 2016
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...
read moreFederal Budget – Proposed changes to Superannuation – 2016/17
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...
read moreIncrease in the Minimum Wage 2015
Applicable from the first full pay period in July 2015, 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...
read moreSuperstream – What you need to Know
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...
read moreTax and Super Changes 2014/15
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...
read moreIncrease in the Minimum Wage 2014
Applicable from the first full pay period in July 2014, 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...
read moreIncrease in the Minimum Wage 2013
The new Minimum Wage Rates are to start from the first full pay period after 1st July 2013. 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...
read moreFederal Budget 2013/14 – Payroll related proposed changes
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...
read moreTop 4 Reasons why you should Outsource your Payroll
1. Cost Effective - Save time and Money! Don't pay for: A Payroll System Upgrades / Annual Maintenance Fees Infrastructure A trained person as well as a back-up person By outsourcing your payroll you will get a far better system at a fraction of the cost. Pay As...
read moreThe Top 5 most important Payroll Checks to do at End of Financial Year
Once again End of Financial Year is fast approaching! In order to get through this trying time relatively smoothly, we recommend you consider the following: 1. It is good payroll practice to ensure that all your payroll associated costs (Payroll, PAYG Tax,...
read moreDad and Partner Pay
On 1st January 2013 the Federally Funded Dad and Partner pay came into effect. This allows for up to two weeks pay based on the National Minimum wage (currently $606.40 per week).
read more