For small businesses, getting the administrative aspects of payroll and super in order can be stressful and confusing. Things need to be paid by certain dates at certain amounts, and failure to comply can have some serious consequences, PARTICULARY when it comes to employees pay and entitlements.
So what does it mean for a small business or employer if they don’t pay super on time? Here’s what you need to know about the super guarantee charge, and how you can avoid it.
Continue reading ATO’s SUPER GUARANTEE CHARGE Could Slug Employers Extra for Late Super Payments (SG vs SGC)?
In 2016 the Australian government launched Single Touch Payroll (STP) as part of the Budget Savings (Omnibus) Act 2016. It’s a mandatory obligation for employers with over 9 employees to report their payroll information for each pay run to the ATO.
The idea is to reduce the burden on employers having to report information to multiple government agencies. With STP, employers can report all this information to the ATO through their approved accounting software (like QuickBooks Online, Xero, and MYOB).
But now the rules have changes… AND our Payroll Courses have already been updated!
Continue reading ATO Announces Changes to Single Touch Payroll & EzyLearn has New STP Phase 2 Training Materials