Outsourced

Payroll Compliance

 

Access efficient payroll outsourcing, payroll processing, advice and support from a team of industry experts

Outsourced

Payroll Compliance

 

Access efficient payroll outsourcing, payroll processing, advice and support from a team of industry experts

Outsource your payroll to a trusted partner

Our payroll partners process payroll for businesses of all scales, from SMEs to large corporations. Employment Innovations offers end-to-end payroll solutions, which are delivered by local officers to reduce risk, save money and improve productivity.

 
Outsourced Payroll Compliance

Save time

Complete peace of mind

Improve accuracy

Save money

Outsource your payroll to a trusted partner

Outsourced Payroll Compliance

Our payroll partners process payroll for businesses of all scales, from SMEs to large corporations. Employment Innovations offers end-to-end payroll solutions, which are delivered by local officers to reduce risk, save money and improve productivity.

Save time

Complete peace of mind

Improve accuracy

Save money

Managing Payroll Compliance

Businesses are required to operate on up-to-date employment regulations. Compliance such as superannuation, PAYG tax, STP reporting, and employment instruments such as modern awards are some of the many laws and requirements a business must review and practice. All of these regulations connect to your payroll responsibilities, and feed into how a business should pay their employees and taxes. Payroll compliance must be incorporated into all practices to meet payroll obligations, and can result in the risk of financial penalties, interest fees, or lawsuits if neglected.

Here at Employment Innovations, we know that Payroll Compliance can add complexities to an already complex activity. From managing time and attendance and leave management, to ensuring timely payments and correct documentation, it can be difficult to incorporate more intricate legislation.

Our team of payroll experts manage the intricacies for you, and guide your practices through implemented payroll processes and management. This includes processing of superannuation, award interpretation, as well as STP and EOFY processing. Through a thorough review of your current payroll, our team can identify risks to your practice, or areas where compliance is being compromised.

Areas of importance include:

Meeting National Employment Standards

Correct Modern Awards Interpretation

Efficient record keeping

Correct STP’s

Accurate superannuation processing

Tax compliance

Managing Payroll Compliance

Businesses are required to operate on up-to-date employment regulations. Compliance such as superannuation, PAYG tax, STP reporting, and employment instruments such as modern awards are some of the many laws and requirements a business must review and practice. All of these regulations connect to your payroll responsibilities, and feed into how a business should pay their employees and taxes. Payroll compliance must be incorporated into all practices to meet payroll obligations, and can result in the risk of financial penalties, interest fees, or lawsuits if neglected.

Here at Employment Innovations, we know that Payroll Compliance can add complexities to an already complex activity. From managing time and attendance and leave management, to ensuring timely payments and correct documentation, it can be difficult to incorporate more intricate legislation.

Our team of payroll experts manage the intricacies for you, and guide your practices through implemented payroll processes and management. This includes processing of superannuation, award interpretation, as well as STP and EOFY processing. Through a thorough review of your current payroll, our team can identify risks to your practice, or areas where compliance is being compromise

Areas of importance include:

Meeting National Employment Standards

Correct Modern Awards Interpretation

Efficient record keeping

Correct STP’s

Accurate superannuation processing

Tax compliance

How payroll works

Our payroll service starts with the preparation of your plan by calculating your payroll based on the relevant information and data.

Following preparation, your Payroll Business Partner  will review all relevant data, ensuring accurate Award Interpretation and compliance. It’s during this stage that our client’s review all their payroll, and provide further adjustments or approval.

Next, your Payroll Partner  will ensure your EFT files are generated, your General Ledger and post payroll reports are provided, and your STP is lodged.

Lastly, to keep the process transparent, accurate, and streamlined, your Payroll Partner  will offer continued business support with payroll queries, system queries, superannuation updates, processing and monthly reporting, as well as all payroll tax, PAYG, and leave liability.

Why is payroll compliance important?

Payroll compliance is a set of regulations that ensure fairness, transparency and ethical practice across Australia surrounding employee pay. Failing to meet payroll compliance, such as underpayments or unmet obligations, can expose businesses to substantial risks.

Compliance regulations cover everything from hiring to ending employment, salary and leave entitlements, bonuses, and payroll tax. Employers that violate compliance regulations may face penalties that could negatively affect their bottom line, or impact their workforce creating dissatisfaction among teams.

Identifying errors and risks to your business

Our payroll experts have been assisting Australian businesses maintain compliance across a wide range of industries. With the backing of legal experts, our team will review your relevant industrial instruments, implement payroll data calculations, and assess your payroll processes.

Within this process, your dedicated payroll specialist will ensure complete payroll compliance while highlighting any areas of potential concern or unmet obligations. Our team can give your business the assurance and advice needed to feel confident in your practices, providing internal audits, tax deductions, and innovative payroll technology to help you manage all aspects of your payroll journey.

How payroll works

Our payroll service starts with the preparation of your plan by calculating your payroll based on the relevant information and data.
Following preparation, your Payroll Business Partner  will review all relevant data, ensuring accurate Award Interpretation and compliance. It’s during this stage that our client’s review all their payroll, and provide further adjustments or approval.

Next, your Payroll Partner  will ensure your EFT files are generated, your General Ledger and post payroll reports are provided, and your STP is lodged.

Lastly, to keep the process transparent, accurate, and streamlined, your Payroll Partner  will offer continued business support with payroll queries, system queries, superannuation updates, processing and monthly reporting, as well as all payroll tax, PAYG, and leave liability.

Why is payroll compliance important?

Payroll compliance is a set of regulations that ensure fairness, transparency and ethical practice across Australia surrounding employee pay. Failing to meet payroll compliance, such as underpayments or unmet obligations, can expose businesses to substantial risks.

Compliance regulations cover everything from hiring to ending employment, salary and leave entitlements, bonuses, and payroll tax. Employers that violate compliance regulations may face penalties that could negatively affect their bottom line, or impact their workforce creating dissatisfaction among teams.

Identifying errors and risks to your business

Our payroll experts have been assisting Australian businesses maintain compliance across a wide range of industries. With the backing of legal experts, our team will review your relevant industrial instruments, implement payroll data calculations, and assess your payroll processes.

Within this process, your dedicated payroll specialist will ensure complete payroll compliance while highlighting any areas of potential concern or unmet obligations. Our team can give your business the assurance and advice needed to feel confident in your practices, providing internal audits, tax deductions, and innovative payroll technology to help you manage all aspects of your payroll journey.

Why outsource payroll?

Our managed payroll service is flexible and offers tailored plans to cover your business’s needs, with a scalable pricing model that can adapt alongside your business. Backed by advanced payroll software, our outsourced payroll solution includes end-to-end support from a dedicated payroll business partner, all the way from implementation to management.

We ensure that your employees are paid accurately and on time, while leveraging state of the art payroll software with pre-built Award Interpretation, while taking into consideration your business unique agreements. Our expert payroll partners can help your business navigate all the complexities surrounding award conditions, update awards in line with legislative changes, and payroll audits.

Our Payroll Business partners are aware of all regulation changes, amendments, or updates, allowing your business to stay ahead of all compliance laws. This includes payroll and tax regulations, wage and labour laws, and continuous Award review. Your financial safety is at the top of our list across all areas of business, which is why our systems, processes, and management team ensure that all your data is secure and protected.

Why outsource payroll?

Our managed payroll service is flexible and offers tailored plans to cover your business’s needs, with a scalable pricing model that can adapt alongside your business. Backed by advanced payroll software, our outsourced payroll solution includes end-to-end support from a dedicated payroll business partner, all the way from implementation to management.

We ensure that your employees are paid accurately and on time, while leveraging state of the art payroll software with pre-built Award Interpretation, while taking into consideration your business unique agreements. Our expert payroll partners can help your business navigate all the complexities surrounding award conditions, update awards in line with legislative changes, and payroll audits.

Our Payroll Business partners are aware of all regulation changes, amendments, or updates, allowing your business to stay ahead of all compliance laws. This includes payroll and tax regulations, wage and labour laws, and continuous Award review. Your financial safety is at the top of our list across all areas of business, which is why our systems, processes, and management team ensure that all your data is secure and protected.

Explore all our payroll services

Award Interpretation

Our Payroll Officers can help your business identify all relevant Awards to their industry, ensuring peace of mind and continued compliance.

Payroll Management Services

Employment Innovations offers scalable payroll services that ensure comprehensive implementation of employee payroll management.

Payroll Compliance

Through managed payroll, our team of experts ensure all of your accounts are accurate, compliant, and following current legislation.

STP Payroll & EOFY Processing

Stay on top of STP Payroll and EOFY Processing with a local payroll expert managing your account.

Explore all our payroll services

Award Interpretation

Our Payroll Officers can help your business identify all relevant Awards to their industry, ensuring peace of mind and continued compliance.

Payroll Management Services

Employment Innovations offers scalable payroll services that ensure comprehensive implementation of employee payroll management.

Payroll Compliance

Through managed payroll, our team of experts ensure all of your accounts are accurate, compliant, and following current legislation.

STP Payroll & EOFY Processing

Stay on top of STP Payroll and EOFY Processing with a local payroll expert managing your account.

FAQs

Questions?

We have answers.

Is there a national minimum wage and minimum entitlements?

Yes, the national minimum wage sets how much an employer who is in the national system can pay an employee. This can be subject to legislation change, so it is important to keep on top of payroll changes.

What is ‘PAYG compliance and record keeping?

PAYG compliance refers to meeting one’s obligations surrounding correct tax deduction from your employees’ wages, and the payments of these to the ATO. Record keeping is also a matter of compliance, and refers to the correct housing and processes for maintaining payroll records.

What payroll compliance legislation falls under the Fair Work Ombudsman?

The Fair Work ombudsman can include the rate of pay paid to an employee, the gross and net amounts paid and any deductions from the gross amount, as well as the details of any incentive-based payment, bonus, loading, penalty rate, or other monetary allowance or separately identifiable entitlement paid.

Do all businesses have record keeping obligations for Australian payroll?

Yes, it is essential to know what record keeping obligations fall under your payroll management and compliance obligations.

What payroll errors can cause issues with wage compliance?

There are many payroll errors that can cause wage compliance issues, some examples are overpaying or underpaying employees, making erroneous retroactive payments, missing the first pay run for new hires, or deducting the wrong amount for payroll deductions such as PAYG.

Looking for a tailored payroll solution?

To organise a free demo of our payroll software, or to find out more about our payroll outsourcing services, just fill out the form below and we’ll be in touch.