By now, any business processing payroll knows all about Single Touch Payroll (STP). The ATO collecting more data with STP2 and expanding on digitisation which means employers need to report additional information via STP reporting.
In this article, we uncover:
- Why is STP2 reporting hard to get right?
- Why the reporting needs to be accurate.
- How software is your friend for STP reporting.
- The data and some of the detail you may not be aware of.
- How the Access Group can help you with STP2 reporting.
- Topic:
- Payroll
Payroll management is one of the most important responsibilities of a growing business.
Recently, large organisations have made headlines for payroll errors. These organisations include Qantas, Woolworths, and George Colombaris, who had to pay back $7.8million, lost his seat at the MasterChef’s judging table and was fined $200,000 by Fair Work.
- Topic:
- Payroll
In Australia, one woman dies from domestic violence every 10 days, and police deal with 5000 incidents weekly. An estimated one in five women have taken time off because of violence from a previous partner, and one in 11 due to violence from a current partner.
Under the Fair Work Amendment (Paid Family and Domestic Violence Leave) Act 2022, employers must provide employees experiencing family and domestic violence 10 days of paid family and domestic violence leave.
- Topic:
- Payroll
Employees' holiday plans have been jeopardised due to COVID-19. Many Employees have accrued excessive leave due to not being able to travel. Excessive accrued leave creates issues for both employers and employees.
In this blog, we cover the following:
- What Cashing Out Annual Leave is
- The Rules for Cashing Out Annual Leave and How it Works
- Calculating Annual Leave Payments
- Cashing Out Annual Leave and Superannuation
- Managing excess Accrued Leave
- How a Workforce Management Solution helps you manage to leave balances
- Topic:
- Payroll
There are many reasons employment can be terminated for an employee, including redundancy or resignation. Employers need to be aware of the different obligations regarding employee termination payments compared to regular income payments, regardless of how or why an employee is terminated.
In this article, we will cover the following topics regarding Employee Termination Payments:
- What is an ETP?
- When is ETP applicable?
- What is included in ETP?
- What is not included in ETP?
- How is ETP calculated?
- Employee Termination Payments - Payment and reporting
- Topic:
- Payroll
Enzen Australia needed a new holistic, employee-friendly workforce management solution with a single source of truth for reporting. After requirements gathering and reviewing a few systems they moved to Access Definitiv to streamline their workflow and manage compliance, onboarding, reporting and offer a better employee experience.
Learn more about the challenges, requirements and solutions and end result.
Read the full Case Study - Enzen Australia
- Topic:
- Payroll
The Australian Government developed Single Touch Payroll (STP) to reduce employers' reporting burdens to government agencies.
Learn what STP is, the key dates for STP, how STP works for employers and employees, reporting and how to comply.
- Topic:
- Payroll
Payroll is becoming more complex, especially with Australia’s always-changing compliance and regulatory requirements. And if you’re not on top of everything, you can face harsh penalties. But compliance isn’t the only reason Aussie businesses are choosing to outsource their payroll. They also want to save time and money and free up people to work on strategic tasks. Not to mention, outsourcing to a trusted third party can improve accuracy.
But the most important thing is getting people paid correctly and on time. Every. Single. Time.
- Topic:
- Payroll
Technology has become vital because of work's fast-paced, rapidly changing nature. With flexible, hybrid and remote working, technology has become the conduit that holds people and processes together.
Streamlining with technology is good for business. The role of technology in the workforce is a lever to attract and retain employees. Workforce management software is the foundation for managing your people from hire to retirement.
- Topic:
- Payroll
Like sales and marketing, payroll is an important aspect of your business. It affects more than just the financial stability of your organisation; it also affects the morale of your employees. In this blog, we share the pros and cons of outsourcing payroll.
- Topic:
- Payroll
