Payroll Blog

Legislative Changes that affect Payroll in 2018/2019

The new financial year is upon us, and for many businesses that will mean making changes to their payroll as a result of legislation coming into force on 1 July 2018. Keeping track of any changes to payroll legislation and remaining compliant can be a headache –...

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Modern Awards: The Impact on Payroll

Modern awards set out the minimum terms and conditions of employment on top of the National Employment Standards (NES). They provide entitlements such as rates of pay, hours of work, allowances, penalty rates and overtime. As such it is critical for HR and Payroll managers to be aware of any changes to modern awards that affect their employees.

Utilising outsourced payroll services or ‘cloud payroll‘ providers can reduce the risk of non-compliance for many organisations, ensuring the currency and accuracy of pay rates and other entitlements. At E-Payoffice for example, our system can automatically calculate hours and apply penalties, loadings and overtime based on the updated Award or EBA. Our dedicated payroll expert can also flag any relevant or potential issues and talk you through the impact of any changes to awards.

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Single Touch Payroll – Are You Ready?

Are you ready for Single Touch Payroll - 1 July 2018? Single Touch Payroll is the single biggest move toward payroll centralisation since PAYG was introduced in 2000 and one of the most significant changes to the way in which payroll is processed that we have seen. It...

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The Evolution of Payroll Software

Payroll software has come a long way since the days of the electronic calculator. Now with advanced functionalities, there is a perfect solution available for your business. Talk to us today to find out more or to book a free 30 minute consultation.

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New Tax File Number Declaration Form

As of 5th October 2017, there were changes to the Tax File Number (TFN) Declaration form. In the payee area (Section A) there is now a tick box for working holiday makers at Question 7. This tax rate category is known more colloquially as the ‘backpacker tax’. It...

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What is Single Touch Payroll (STP)?

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 initiative has been the single biggest move toward payroll centralisation since PAYG was introduced in 2000. It involves the streamlined reporting for salaries, wages, PAYG and superannuation as it’s processed each pay cycle.

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Legislative Changes that affect Payroll 2017/18

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....

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Backpacker Tax

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...

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Increase 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...

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