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 …

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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. …

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

Anita van Wyk Payroll

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, leave entitlements and bonuses …