Deciding on being engaged as an employee v contractor can be two very different things despite a lot of similarities. This can have implications on tax, superannuation, minimum pay and employment laws that may be applicable depending on how a potential employer engages you. With the emergence of the gig economy, contracting provides an alternative…
Single Touch Payroll (STP) is a new method of reporting tax and superannuation information to the ATO. Your payroll or accounting software can potentially offer STP reporting and will result in you sending your employees’ tax and super information to the ATO each time you run payroll and pay your employees. However, how you pay…
What to look out for when hiring your first employee Looking at hiring your first employee? Achieving entrepreneurial success isn’t just about picking anyone for your company. It’s also about making sound decisions and implementing the right strategy in attracting the best prospective employees. The first few stages in the life of your business are…
Understanding Employer Obligations As an employer, it’s imperative to understand that your employer obligations extend further than the monetary compensation owed to your employees. Australia’s extensive legislation revolved around employer obligations, and employee rights remains a treacherous area for many inexperienced business owners to navigate. Below, we explore the obvious and not so apparent obligations…
If you are someone who works in the construction or building industry then you may be entitled to construction industry long service leave. What is Long Service Leave? Long service leave refers to an extended period of leave awarded to employees who have been employed by the one employer for usually ten (10) years. This…
If you have stumbled upon this article, then chances are you want to learn how to pay super as an employer to your employees. What is superannuation? To understand how to pay super as an employer, you must first know what Superannuation is. Superannuation is a contribution made by the employer on behalf of the…
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