Even big businesses like P’Nut Street Noddles, Rock Pool, Super Retail Group and others with large HR departments have recently been fined for underpaying employees. It breaks Impact HR’s heart that our small and medium sized businesses are at risk of Criminal Wage Theft legislation that’s been introduced on January 1, 2025. That’s why we are making Award Summaries available FOR FREE for all business owners to access…
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…
Superannuation increases from 11.5% to 12% effective July 1, 2025. 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. Employers that pay a super-exclusive package will need to…
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…
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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