Payroll is often considered a back-office administrative function of finance or HR, but did you know that the actual value of payroll is the payroll data?
This sentiment is echoed in Access Group's 2024 Payroll Research Report.
The Report highlights that 43% of business leaders believe their payroll is only used for record-keeping, paying employees and compliance.
'Human Capital is arguably the largest cost centre of an organisation and typically the most difficult to manage without supporting data.'
- Topic:
- Payroll
Australia has a robust payroll compliance framework. Employers must adhere to a variety of various regulations, from tax obligations to superannuation requirements, to ensure accurate and timely payroll processing.
The Australian payroll compliance landscape is ever-evolving, so staying up to date is crucial for businesses. There are several changes and amendments that employers need to be aware of for the financial year 2023/2024.
- Topic:
- Payroll
The holiday season is fast approaching, and many businesses will shut down to celebrate. However, with the recent changes to Modern Awards, staying up to date with the latest regulations is crucial.
The Fair Work Commission announced in December 2022 that it had issued a decision regarding shutdowns as part of the four-year review of modern awards. Businesses throughout Australia are affected by the shutdown regulation changes, which took effect on 1 May 2023.
- Topic:
- Payroll
All you need to know about outsourcing payroll processing in Australia.
Outsourcing payroll processing to a payroll company in Australia is an excellent way to save money, time and resources for businesses of all sizes. By opting for outsourcing payroll, businesses benefit by being able to manage their financial operations more efficiently and cost-effectively. Payroll outsourcing provides many benefits for employers and employees, including cost-efficient administration, faster processing times and improved accuracy and improvement to the overall employee experience.
In this blog, we'll explore why a payroll company processing your payroll is a smart idea. We'll also explore the key areas to consider when deciding whether outsourcing payroll is the right choice for your business.
- Topic:
- Payroll
What is a payroll audit, and why it’s vital for your business?
Payroll auditing ensures compliance with regulations and accurate financial records. Employee compensation, tax withholding, benefits administration, and record-keeping are all reviewed as part of a payroll audit.
- Topic:
- Payroll
Introducing a new partnership, The Access Group is now a gold partner of Australia's premier payroll authority, The Australian Payroll Association (APA).
- Topic:
- Payroll
Burnout has become increasingly widespread in Australia, with more and more workers feeling overwhelmed and exhausted. This is due to a combination of long hours, high pressure, and an expectation of always being available. Burnout has become so common that it is seen as a normal part of many workplaces.
- Topic:
- Payroll
The end of the financial year and the next federal election fast is approaching, and another budget has been handed down. In the next three years, the government predicts a budget deficit of $78 billion, or 3.4% of GDP.
How does the Federal Budget of 2022 - 2023 impact Employers?
- Topic:
- Payroll
As of 1 July 2026, all employers will need pay their employees' super contributions as part of their salaries.
In this article, we share:
- Why Payday Super is better for business
- How Payday Super benefits the employee
- Why Payday Super is a winner
- Uncovering unpaid Super
- How software helps your business stay compliant
- Topic:
- Payroll
All businesses face challenges when it comes to compliance reporting. Data from separate applications adds complexity to the reporting challenge. This is mainly due to different formats and structures, which makes it difficult to consolidate, analyse and report the data effectively.
In this article, we explore separate applications v's an all-in-one solution.
- Topic:
- Payroll
