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The start of each Financial Year is a time for many of us to set new goals. I often hear from clients “this year I’ll focus on compliance. I know it is important!” But as we are still busy running our business, the weeks creep by and suddenly we haven’t had time to get compliant. Well, there is always next year, right? Unfortunately, when it comes to HR compliance, you really can’t afford to…

Bonus Guidelines for employee payments establish clear and fair criteria for determining when and how bonuses are awarded to the team. These guidelines help align employee performance with company objectives, company values, motivate the team and provide transparency. Guidelines ensure that bonuses…

Salary benchmarking is a useful tool to add to your salary review process. It ensures your business remains competitive in the market and you are able to attract and retain the best people in your team. Salary benchmarking reviews salary…

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…

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…

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…

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…

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 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…