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Dreading Overtime Costs?

Dreading Overtime Costs?

When you are a generous and supportive employer, you don’t need to pay twice. A common myth is that when you pay an hourly rate above the award, the penalties and overtime are calculated on the contractual hourly rate. In other words, if I agree to pay you $40 / hour and you work overtime the overtime rate is…

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Single Touch Payroll Finalisation

Single Touch Payroll Finalisation

If you are responsible for payroll in your organisation, it’s time to complete Single Touch Payroll processes for 2023-2024 Financial Year. Remember it is due by the 14th July 2024 so that the ATO can pre-populate the income assessments and employees can start to lodge their taxes. If you are a micro business (1-4 employees) and…

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Employee or Contractor

Employee or Contractor

Are you confident you know which team members are really employees? Are you meeting your obligations? Don’t let the Superannuation, PAYG and FBT implications catch you out.  We spend a lot of time supporting clients to correctly allocate the people they engage as Permanent Employees, Casual Employees, Contactor deemed an Employee or Independent Contractors. For some of our clients, the…

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No Cost and Low-Cost Single Touch Payroll Solutions

No Cost and Low-Cost Single Touch Payroll Solutions

In a Micro business (one with less than 5 employees) every dollar count, and time is money as the saying goes.  So, at this time of year when there are extra administration and governance burdens on business owners, it is important to save time and effort where you can.  The ATO has put together a…

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Immediate Deductions

Immediate Deductions

Make the most out of your Tax Deductions! Businesses may be able to claim an immediate deduction for expenses through the temporary full expensing measure. This allows a business to claim an immediate deduction for new assets if they have a turnover of less than…

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Superannuation Changes

Superannuation Changes

Superannuation changes from 11% to 11.5% effective July 1, 2024. If you pay a super-inclusive package, you will need to ensure you are correctly adjusting amount of superannuation being paid into each employee’s superannuation fund, and communicating appropriately the amount they receive as their take-home pay…

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Award Summary 2024

Award Summary 2024

Exciting News from Impact HR! We are excited to share our FREE downloadable Award Summaries 2024 for 3 weeks only! Did you know that there are more than 100 industry or occupation awards that cover most people who work in Australia. Even if you pay above award wages, you still need to know the award that covers your business and any changes for 2024.

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Happy HR New Year – Pay Updates

Happy HR New Year – Pay Updates

Every year the month of July is hectic in the HR space. The Impact HR team are always working on client compliance so that things are manageable and run smoothly. If you are managing HR for your business, here’s what you need to know and do.

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Success through Systems

Success through Systems

Success looks different to everyone. But for most of us, it includes peace of mind that what should be done is getting done in the timeframes and to the standards we expect. Whether you are a solopreneur or run a mid-sized business or a large team, systems are a key part of that. Systems allow us to scale because we don’t have to think about it each time, we do a task, and they are easier to teach newer members of the team. They also play an important role in helping someone meet our expectations if they are not performing at the right level.

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