invoice-email-scams

Invoice email scams and how to avoid them

Anita van Wyk Book keeping

Invoice scams are today becoming all too common. While these scams have been around for over a decade, nowadays they are looking more and more like the real emails they are attempting to replicate. They are well written and cleverly executed to convince to reader to believe and interact with the email. It has become extremely difficult to differentiate from what is a real and what is not …

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minimum wage increase

Annual Review Brings a Minimum Wage Increase of 3.5%

Anita van Wyk Payroll

The Fair Work Commission (FWC) has announced a 3.5% minimum wage increase as part of its 2017/18 annual wage review. This decision applies to the National Minimum Wage and all Modern Award minimum rates of pay. The revised National Minimum Wage will increase to $719.20 per week (which is a $24.30 increase) or $18.93 per hour. Several factors influenced the …

payroll year end 2018

Our Guide To Payroll Year End 2018/19

Anita van Wyk Payroll

There are a number of costly mistakes that employers often make during payroll year end, overpaying Return to Work SA and Payroll Tax by including wage items that are exempt, overstating an employee’s earnings by not taking into account salary sacrifice arrangements, incorrect reporting of allowances and incorrect reporting of Reportable Employer Super Contributions (RESC). Therefore, it is imperative to …

Federal Budget 2018/19: What It Means for Small Business Owners

Anita van Wyk Federal Budget, Tax

By now you have probably read many of the outcomes of the 2018-19 Federal Budget. However, you may still be wondering how exactly these outcomes are going to affect you as a small business owner? Below, we summarise some of the relevant key announcements and provide our own ‘lucent insight’ into what it all means for your business. Personal Income …

Everything You Need To Know About Single Touch Payroll Reporting

Anita van Wyk Payroll

You may already be familiar with the term ‘Single Touch Payroll Reporting’, as the government initiative is expected to be somewhat of a game-changer in the industry. Well if you’re not across it already, the deadline for compliance is fast approaching and it’s time for preparations to get underway. Clients of lucent advisory will not need to take any action …

HR and payroll outsourcing benefits

HR and Payroll Outsourcing Benefits

Anita van Wyk HR Manger, Payroll

Does the thought of managing and paying employees raise your level of anxiety? When we listen to CEO’s, Managing Directors, General Managers, Finance Manager or HR Manager of an organisation, we frequently hear… It’s a mess, we have people on so many different pay rates and varying entitlements….I do not have time to ensure everyone is paid correctly…..there are so …

how to calculate superannuation image

How to calculate superannuation

Anita van Wyk Payroll

Superannuation, that pesky ‘s’ word is a much misunderstood Australian phenomenon. To know how to calculate superannuation we must first know the rate employers need to contribute. The current percentage in the 2017/18 financial year is 9.5. That rate will continue to gradually increase up to 12% by 2025. Employees seem to forget that this is very much their money. …

award changes

Changes to casual & part-time entitlements in some awards

Anita van Wyk Awards, Payroll

On 12 December 2017, the Fair Work Commission (FWC) varied certain overtime rates and minimum shift entitlements for casual and part-time employees in several awards. The decision introduces overtime rates for casual employees in many of these awards and changes how part-time hours can be worked in others. These changes apply from the first full pay period on or after …