We spend a lot of time supporting clients to correctly allocate the people they engage as Employees, Contactor deemed an Employee or Independent Contractors. For some of our clients, the line can feel blurry in the beginning. Once you understand the definition, it is clear cut and easy to implement. If you are working with independent contractors, it’s important to confirm that the correct documentation is in place, and they don’t meet the definition of an employee by accident. 2022 High Court decisions impacted the definitions and compliance expectations. With pay-as-you-go, superannuation and FBT obligations for employers changing there are even more reasons to be aware and be across the details.
In a Micro business every dollar counts, 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 no-cost and low-cost Single Touch Payroll (STP) product register to help micro employers (those with one to four employees) who need to report through STP more effectively.