Payroll & Employees

Claim Employee Super this Financial Year⏳

As an employer, you claim superannuation payments when they are paid – not when they are accrued, even if you report on an accrual basis for tax purposes.

However, if you wish to claim a deduction for this financial year for superannuation (quarter 4), it will need to be processed in your software by the 20th of June to allow time for the payment to be received.

If you choose to pay in July by the due date then the deduction will be claimed in the next financial year.

If you would like us to process this then please contact us as soon as possible so we can arrange a time to get this processed for you.

If you have any questions then please contact our office by phone or email. 😊

 

Get set for a 3.0% increase to base pay rates

The Fair Work Commission have made new changes to minimum wages with a 3.0% increase after the 2019 Annual Wage Review.

The increase will apply to base pay rates starting on or after the 1st of July 2019.

The increase will only apply to employees that are on the national minimum wage or covered by a modern award.

If you have any further questions regarding this please do not hesitate to contact the office on (07) 41790106.

https://www.fairwork.gov.au/emails/website/get-set-for-a-3-increase-to-base-rates-of-pay?g=ad5a748e-fef3-4ba7-8839-6ea3b5ad3de3 

Contractor or Employee?

New funding has been allocated to the Fair Work Ombudsman to help reduce “sham contracting”.

If you are currently engaging in “sham contracting” then your business could be subject to significant fines.

The following checklist will help you determine whether someone who works for you is an employee or contractor.

We advise all employers to review their current contract workers against this checklist.

Alternatively, contact our office for more assistance on (07) 4179 0106. …

Single Touch Payroll

Are you ready for Single Touch Payroll? As of the 1st of July, every employer will be required to use some form of payroll software to report to the ATO. Xero’s Payroll Only plan is just $10 a month, allowing you to efficiently report your payroll obligations to the ATO in a matter of clicks. If you are interested in learning more or would like assistance in your account set-up then please contact our office on 07 4179 0106.

https://www.xero.com/au/features-and-tools/accounting-software/payroll/payroll-single-touch-payroll/

Wage Theft is Now a Criminal Offence!

Wage theft is now a criminal offence! Employers who are deliberately under paying staff could find themselves in jail. Wage theft includes the following: underpayment of wages, unpaid super, unpaid penalty rates, unauthorized deductions from pays, the misuse of ABNs and sham contracting. Please see the below link for more information.

https://mysunshinecoast.com.au/news/news-display/government-supports-making-wage-theft-a-criminal-offence,58239

Are you engaging in wage theft or are unsure if you are? Please do not hesitate to contact our office for a wage review on 4179 0106.

Superannuation Guarantee Amnesty

The Government has announced from the 24th of May 2018, a 1 year Superannuation Guarantee Amnesty. This is a rare opportunity for employers to pay their overdue super liabilities without paying the ATO penalty and receiving a tax deduction for the payment. If employers with outstanding payments do not comply in the 1 year period, there will be harsher penalties. Please see the below link for more information.

https://www.ato.gov.au/Business/Super-for-employers/Superannuation-Guarantee-Amnesty/

 

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