Employee's productivity and efficiency are some of the factors that can either make or break your business.
STP Phase 2 will reduce the compliance burden for employers and individuals, and help the admin side of things.
We still see Practice Managers and a lot of business owners and CEO’s alike, trawling through pages and pages of profit and loss statements and balance sheets trying to work out what the heck is going on.
There are still so many practices that are operating with manual HR and payroll processes such as paper-based timesheets, leave forms, contracts and so on. Costing thousands in wasted admin time, not to mention the lack of visibility on the single biggest cost in your practice, your people!
Does your business need expert financial management but can't justify the cost of a full-time internal CFO?
At Lucent, we’re receiving an unprecedented, but unsurprising, number of questions from clients about their responsibilities regarding COVID-19 (Coronavirus) and their staff.
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
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
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
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.