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Blog2019-07-11T07:49:45+08:00

Everything You Need To Know About Single Touch Payroll Reporting

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

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HR and Payroll Outsourcing Benefits

Does the thought of managing and paying employees to 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.

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Changes to casual & part-time entitlements in some awards

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.

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3 Things every employer needs to know about Payroll Compliance in Australia

Whether it’s your first employee or your fiftieth, payroll compliance matters. But navigating payroll laws and following industry best practices can be a challenge. The most important thing for employers to get their head around is, that ‘payroll’ is not just about paying your staff. In-fact under Australian law, it covers hiring and firing, salary entitlements, leaves entitlements and bonuses

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Tax on xmas gifts

If your work Christmas party is offsite but not a minor benefit (that is greater than $300 per person) there is a risk that there may be FBT payable on the benefit provided to employees or their associates. Where FBT is payable, the party expenses are tax deductible and GST credit is claimable. There won’t be any FBT for clients

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