Discussions to be had on “Superannuation Pay Day” System In the 2023/24 Federal Budget, it was announced that employers will be required to pay their employees’ superannuation guarantee (SG) entitlements on the same day that they pay their salary and wages, with the proposal of this measure taking effect on 1 July 2026. The treasury […]
Superannuation contributions to be paid From 1 July 2026, employers will be required to pay their employee’s superannuation at the same time as their salary and wages. The measure has largely come about due to unpaid superannuation contributions being a chronic issue in the system. To further strengthen the system, the ATO will receive additional […]
Australia’s award workers will be getting a 5.75% wage increase starting July 1 2023, according to the Fair Work Commission (FWC) on Friday. ‘Disappointing’ wage increase for businesses Read more with the link below… https://www.austpayroll.com.au/australia-increases-minimum-wage-by-5-75/
The Fair Work Ombudsman has updated the Casual Employment Information statement. Employers have to give every new casual employee a Casual Employment Information Statement (the CEIS) before, or as soon as possible after, they start their new job. Employers also have to give every new casual employee a copy of the Fair Work Information Statement […]
ATO’s Assistant Commissioner for Risk and Strategy in their Lodge and Pay business line, Anita Challen, confirmed strong progress made since March 2022 to reign in tax debt, but there is still more to be done. h https://www.austbook.net/latestnews/ATO-small-business-debt-crackdown?inf_contact_key=e2326c6b4148d59c2245459c98f94431cc0558ed5d4c28cbfab114022b1ec50d
The expansion of STP, also known as STP Phase 2, will reduce the reporting burden for employers who need to report information about their employees to multiple government agencies. It will also help Services Australia’s customers, who may be your employees, get the right payment at the right time
From 1 July 2022, employers will be required to make super guarantee contributions to their eligible employee’s super fund regardless of how much the employee is paid. Employees must still satisfy other super guarantee eligibility requirements.
You have plenty of time to apply for the ID with current directors needing to apply by 30 November 2022. So don’t stress, you still have 10 months to apply! What is a Director ID? A Director ID is a unique (15-digit) identifier that a director will keep forever (even if they cease being a director). […]
In the 2019–20 Budget, the Government announced that Single Touch Payroll (STP) would be expanded to include additional information. The expansion of STP, also known as STP Phase 2, will reduce reporting burden for employers who need to report information about their employees to multiple government agencies. It will also help Services Australia’s customers, who may […]
On 6 October 2020, the Australian Government introduced personal income tax cuts as part of the 2020–21 Budget
