October-December super contributions, must be received (by fund) by 28th January.
Severe penalties will apply for late payments.
Payments should be authorised by 19th January as it can take several days to process (Don’t forget the Australia Day public holiday may slow down processing times).
Christmas time wages – so easy!
If you are closing your office you need to know about public holidays and how they effect wages for your team. Different states declare different public holidays, part-time staff need to be paid their normal hours, they do not need to make up the time on another day.
If your workplace remains open, you need to know about public holiday payrates/loadings and minimum shift lengths.
Check out all the details here or ask us to help.
Fair Work has updated the rules about fixed term contracts
From 6 December 2023, new rules apply when engaging employees on fixed term contracts.
A fixed term contract terminates at the end of a set period (for example, the contract ends on a set date or after a set period of time or a season).
The new rules include a requirement for employers to give any employees they’re engaging on a new fixed term contract a Fixed Term Contract Information Statement (FTCIS).
Need help with payroll? Ask us to give you a hand
Delivering gifts down the chimney this year? Don’t get stuck with extra tax to pay!
Best to refresh your memory on the allowable deductions and FBT rules, before the hitting the shops, so you don’t end up with any surprise tax to pay!
Watch out for the Fringe Benefits Tax (FBT) Grinch ruining the fun for everyone this Christmas!
Read on to find out about nice festive fun that may attract naughty surprise taxes.
Will you be closing your workplace during the Christmas period?
The rules changed earlier this year, let us give you an update.
If you are closing – let your staff know now and check available leave balances.
If your staff have taken leave to refresh recently (or glad to be back at work after the school holidays!) make sure you have processed the leave they’ve taken in xero.
Leave is reported differently to standard wages with STP (Single Touch Payroll) v2.
Keeping leave requests up to date makes it easy to see leave balances (important as we approach Christmas and the summer holidays).
Incorrect classification of workers puts your business at risk of receiving harsh penalties, so let’s make sure you know and understand your obligations.
In June 2023, the ATO updated their guidelines, so now is a good time to review.
You may find that over time a legitimate contractor could become an employee, so you need to monitor and review new and existing workers.
The penalties for misclassification of workers are not pretty.
July-September super contributions, at the new rate of 11%, must be received (by fund) by 28th October.
Severe penalties will apply for late payments.
Yay a day off!
What does that mean for wages?
Fairwork says: Full-time and part-time employees are entitled to be paid their base pay rate for their ordinary hours if they are absent from work because of a public holiday
