Increase 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...
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...
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...
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 moreEmployee Versus Contractor
According to the ATO, a significant number of businesses they visited last year had workers incorrectly engaged as contractors instead of employees. If allocated correctly this can save money, however, can be a costly mistake costing businesses in penalties for...
read moreSuperannuation Guarantee Contributions -July 2013 Changes
The Government has made the following changes to Superannuation Guarantee Contributions that will come into effect in July 2013:- - an increase in the super guarantee rate from 9% to 9.25% and a gradual increase to 12% over the following six years - removal of the...
read moreChanges to Tax Rates 2012/13
From July 2012 the following changes will apply: The Flood levy imposed to help pay for damages caused by the Queensland floods will cease. The 2012/13 Tax rates will vary considerably with the Tax free threshold increasing from $6000 to $18200 and all subsequent...
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