Payroll
Are you Ready?
Single Touch Payroll is the next step in streamlining your payroll reporting. It will change the way you report your employees' payroll information to the ATO. You will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO when you pay your employees.You can do this through your existing payroll software (such as accounting software) as long as it is updated to offer Single Touch Payroll reporting. Payroll software providers are updating their products now. Talk to your provider to find out how and when your product will be ready.
The below documents have been put together by the ATO to assist employers with getting ready for Single Touch Payroll.
The ATO is also hosting a webinar throughout the month of March 2018 to assist employers with getting ready - register here
The next deadline in getting ready for Single Touch Payroll is the head count which is to take place on 1 April 2018. The headcount will determine if you are considered a 'substantial employer' or not (20 or more employees). Duesburys Accountants & Advisors have put together a guide to assist employers with the headcount.
If you are looking for a comprehensive guide that provides a complete overview of Single Touch Payroll from what it is, to how you report, what you report, when you report, how to apply for deferrals or exemptions then the below guide is for you.
Human Resources (HR)
Small businesses play a vital role in the economy. At Duesburys Accountants & Advisors we understand the unique challenges small business owners face in meeting workplace relations responsibilities. The Fair Work Ombudsman is an independent statutory agency created by the Fair Work Act 2009 who's roll is to promote harmonious, productive and cooperative workplace relations, and to monitor compliance with relevant Commonwealth workplace laws. The Fair Work Ombudsman is there to help employers 'get it right' and their website provides a wealth of information and resources that you can rely on.
The Fair Work Ombudsman website has a dedicated Small business section that covers everything from getting started (hiring staff), to record keeping, pay slips and managing employees right through to ending employment. Duesburys Accountants & Advisors highly recommends that all small business owners take some time to review the information available. You may just find some handy templates and calculators to use in your business.
Contacting the Fair Work Ombudsman
Did you know that in addition to contacting the Fair Work Ombudsman on 13 13 94* you can also create a unique login to their website which enables you to have personalised workplace information at your fingertips? The 'My Account' facility enables you to:
- Get priority support
- Save awards and searches from Award Finder
- Ask questions online and receive a written response that can be saved for future reference
- View tailored information specific to your industry
- Save calculations completed using the various pay & leave calculators
To register for a unique Fair Work Ombudsman website login click here.
* the average wait time to speak with an advisor may be around 30mins and varies during peak times
Awards & Agreements
Looking to keep up to date with changes to awards and workplace laws specific to your business? Sign up to the Fair Work Ombudsman email updates and their bi-monthly newsletter to receive information about Annual Wage Reviews, changes to your obligations or entitlements, upcoming campaigns that could affect you and more.
Working Holiday Makers - 417 or 462 visa holders
Please refer to our Fact Sheet to find our more about your obligations as an employer of Working Holiday Makers.