Staff – Page 5 – Streamline Management

Super Hero Day – salary sacrifice requirements

It’s a bird, its a plane, its a person planning for their future needs!
Are you employing super heroes (who want to put away a bit extra for their retirement)?
Salary sacrificing wages into super can help employees save faster than a speeding locamotive, but as an employer, you need to make sure you have all the right paperwork.
Wearing your undies on the outside of tights is all well and good, leaping tall buildings in a single bound has OH&S issues, being your own retirement hero is a super idea!

28/04/2025

Easter Public Holidays and wages

Know the rules when it comes to paying staff for public holidays?

Fairwork says:
‘Employees should be given the choice to work on a public holiday or not.
Employers can request employees to work on a public holiday, but the request has to be reasonable.

Employees (except casual employees) who normally work on the day a public holiday falls will be paid their base pay rate for the ordinary hours they would have worked if they had not been away because of the public holiday.
An employee doesn’t get paid for a public holiday if they don’t normally work on the day that the public holiday falls. Some part-time employees will be entitled to payment, other may not be. Part time staff do not need to work ‘make up’ days.

Working on public holidays – Awards, enterprise agreements and other registered agreements can provide entitlements for working public holidays’

15/04/2025

March quarter super is due now

January-March super contributions must be received (by fund) by 28th April.

Payments should be authorised right now as it can take several days to process, not to mention all the public holidays that will slow down the process this month.

Late payments of superannuation are not tax deductible.

11/04/2025

Work From Home Day

Working from home in some way, shape or form is normal/expected/happening, and this carries risks for employers.
What are you responsible for? How do you protect your team?
Your responsibilities to protect your team still apply, even if you can’t see them.
See what Safe Work Australia says you need to be aware of.

10/04/2025

March quarter super

Put your undies on over your clothes and get super sorted for your team!

There are a heck of a lot of public holidays this month and that will make it harder to meet the deadline for payment – authorise super for your team now or you could be personally liable for the debt and penalties (and lose the tax deduction for the payment).

Don’t forget that some contractors and employee directors will be entitled to superannuation and the same deadlines apply.

04/04/2025

The Fringe Benefits Tax year comes to an end on 31st March 2025

Are you aware what might trigger this extra tax for your business and just how costly it could be?
ATO says:
Fringe benefits tax (FBT) is a tax paid by employers on certain benefits provided to their employees, or to their employees’ family or other associates.
The employer pays FBT. This is equivalent to the gross income your employees would have to earn, at the highest marginal tax rate (including the Medicare levy), to buy the benefits themselves.

FBT can be quite costly, those employee perks might cost you a lot more than you anticipated or budgeted for!

17/03/2025

Employee Appreciation Day

Its heartwarming to be appreciated – but rewarding your team could cost you so much more than you anticipate!

Before purchasing gifts to show appreciation – check the Fringe Benefits Tax implications of your intentions.

07/03/2025

Battery Day

It’s only February, but the Christmas break when we last recharged our batteries 🔋is only a distant memory.
And the Easter long weekend is barely on the horizon.
Aussies are entitled to 4 weeks annual leave each year – we must remember to take it!
And we need to encourage our staff to take theirs too.
Not convinced? Leave entitlements are expensive to payout if you let it build up too much – can you cashflow handle it?
Where will your next break be?

18/02/2025

Employee Legal Awareness Day

When it comes to the law, what is an employee? And who can be a contractor?
We’ve googled to bring you the important bits from various government departments.

To follow the law, businesses need to make sure they aren’t treating employees as contractors – it’s not as simple as whether or not they have an ABN or send invoices.

You are responsible for classifying your worker for tax and super purposes and you need to get it right. If you make an incorrect decision, you may face penalties.

13/02/2025

Staff leave balances

Back to school, summer holidays are over!

Don’t forget to process time off so you can keep leave balances up to date for your staff.
Or simply let us know and we’ll manage it for you.

04/02/2025

Category: Staff