Legislative Changes that affect Payroll – 2016/17
Federal Budget – Proposed changes to Superannuation – 2016/17
Cuts to Concessional Contributions Caps The current concessional cap is $30,000 for aged 49 and below and $35,000 for 50 years and above. From 1st July, 2017 the Government is proposing to decrease the concessional cap to $25,000 per year for all ages. The concessional cap is the total of all before taxed contributions paid […]
Increase in the Minimum Wage 2015
Applicable from the first full pay period in July 2015, the minimum wage will increase by 2.5% to $656.90 per week, which equates to $17.29 per hour. This is the rate that Parental Leave Payments are based on. The minimum wages rates for any Modern Award will also increase by 2.5% and will be applicable […]
Superstream – What you need to Know
E-Payoffice is Superstream Compliant if you are having your superannuation remitted by us via our Clearing House. See extract from the ATO website as follows, further information can be found at Superstream. What is SuperStream? SuperStream is a government reform aimed at improving the efficiency of the superannuation system. Under SuperStream, employers must make super contributions […]
Increase in the Minimum Wage 2014
Applicable from the first full pay period in July 2014, the minimum wages will increase to $640.90 per week, which equates to $16.87 per hour. This is the rate that Parental Leave Payments are based on. The minimum wages rates for any Modern Award will also increase by 3% and will be applicable for the […]
Tax and Super Changes 2014/15
E-Payoffice will make all the above changes to our client’s files automatically.
Increase in the Minimum Wage 2013
The new Minimum Wage Rates are to start from the first full pay period after 1st July 2013. The new National Minimum Wage Rate is $622.20 per week or $16.37 per hour. This applies to employees who are not covered by an award or agreement. This is also the current Parental Leave rate that is […]
Top 4 Reasons why you should Outsource your Payroll
1. Cost Effective – Save time and Money! Don’t pay for: By outsourcing your payroll you will get a far better system at a fraction of the cost. Pay As You Go, whilst benefiting from a trained Payroll Specialist that is committed to servicing your Company. You will get to concentrate on your core business without having to […]
Federal Budget 2013/14 – Payroll related proposed changes
The Government has announced that it will defer the marginal tax rate cuts that were due to come into effect on 1st July, 2015. The current Marginal rates are proposed to remain as they are. The Medicare Levy will increase from 1.5% to 2.0% as at 1st July 2014 to provide funding for Disability Care […]
The Top 5 most important Payroll Checks to do at End of Financial Year
Once again End of Financial Year is fast approaching! In order to get through this trying time relatively smoothly, we recommend you consider the following: 1. It is good payroll practice to ensure that all your payroll associated costs (Payroll, PAYG Tax, Deductions and Superannuation) are fully reconciled at the end of May with no […]
