Category: Small Business

Family and Domestic Leave for Small Business

On the 1st August changes take effect for small business.
Family and domestic violence means: violent, threatening or other abusive behaviour by certain individuals known to an employee that both: seeks to coerce or control the employee & causes them harm or fear.
On the 1st August changes take effect for small business (less than 15 employees).

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TPAR (Taxable Payments Annual Report) for subbies due soon

Payments (cash basis) made to subcontractors (not employees) for their labour need to reported to the ATO by 28th August if you operate in the construction, IT, cleaning, courier/delivery or security space.
Nothing to pay the ATO on this lodgement – just paperwork! (A bit like group certificates, but for subbies)

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Payroll Day

As an employer, what do you need to do?
Lots! We’ve created a checklist with links to give you a headstart.
Before making your first hire you need to do a bunch of stuff.
Now that you’ve done the ground work, time to search for the perfect employee. If you’ve found an adequate one, you need to start the onboarding / hiring process.

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Staff leave – winter holidays

Are the leave balances for your staff up to date?
Let us know if a member of your team has taken a holiday or sick leave and we’ll review their leave balances.

Employees can submit their own leave requests in XeroMe, or make sure to send us an email so we can manage the process for you. Think you may have missed something? Ask about historical leave recorded.

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April – June 2023 super is due now

Any unpaid April-June super contributions must be received (by fund) by 28th July.

Payments should be authorised right now as it can take several days to process.

Late payments of superannuation require a Super Guarantee Charge (SGC) statement to be submitted to the ATO. The payment will not be tax deductible to your business.
If you are a director of a company, you need to pay the SGC in full by the due date. If you do not, you’ll be liable for a penalty equal to the unpaid amount, so prioritise this over any other payment.

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Small Business Restructure

In January 2021 the government introduced a new option for struggling small businesses.
This is only for incorporated businesses (companies and trusts, not sole traders or partnerships) that have a viable future.
Its quicker, cheaper and easier than traditional options like liquidation or administration.

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Fairwork update – unpaid parental leave

Fair Work has updated the rules about unpaid parental leave.
From 1 July 2023, the Fair Work Act includes greater flexibility for employees taking unpaid parental leave. This change is to align with updates made to the Paid Parental Leave scheme from 1 July.
Need help with payroll? Ask us to give you a hand

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Paid Parental Leave

Changes have come into effect from 1st July 2023.
It’s up to your employee to apply for Parental Leave Pay through Services Australia and work out leave arrangements with you.
Parental Leave Pay helps eligible working parents take time off to care for a newborn or recently adopted child. If you need to provide Parental Leave Pay we give you the funds to pass on to your employees. You should provide the funds in the same way you pay their salary or wages.

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