by Amanda Slater | Sep 14, 2022 | Payroll
As a part of the Annual Wage Review (2021-2022), the Expert Panel of the Fair Work Commission decided to increase modern award minimum wages by 4.6 percent subject to a minimum increase for adult award classifications of $40 per week. The $40 per week increase is...
by Amanda Slater | Jul 6, 2022 | Payroll
Cents per KM – Motor Vehicle The Cents per KM allowance is used when an employee uses their own car for business-related purposes, and they receive a cents per KM to cover costs and expenses (such as registration, fuel, servicing, depreciation and insurance)....
by Amanda Slater | Jun 21, 2022 | Payroll
A number of awards contain allowances that can be added to an employee’s hourly rate, which are paid for all purposes (such as calculating leave, penalties, pro rated payments on termination and overtime). These are commonly found under the “All-purpose allowances”...
by Amanda Slater | May 24, 2022 | Payroll
The Australian Tax Office announced on 12 May 2022, that this Financial Year may be the first time some companies are lodging a Fringe Benefits Tax return. This is due to some companies offering payment for items that allow their employees to work from home. Examples...
by Amanda Slater | Apr 13, 2022 | Payroll
As a part of the Federal Budget, there are some important changes coming to Superannuation in the next financial year which are important for businesses processing payroll to ensure ongoing payroll compliance. Removing the $450 threshold for Super Contributions...
