Employee vs Contractor Are you hiring an employee or contractor? It’s important you get this right because it affects your tax, super and other obligations. If you wrongly treat your employees as contractors you risk having to pay penalties and charges. If you’ve previously hired a worker without checking whether the arrangement is employment or […]
Closing payroll year using MYOB payroll It is that time of the year to review the steps in closing payroll year if using MYOB payroll. Do the following tasks to close your current payroll year and start a new one. Task 1 Enter all pays for June. 2 Review at least the following two payroll reports […]
SuperStream deadline is rapidly approaching With the June 30 deadline rapidly approaching, the Australian Taxation Office is encouraging small businesses to make becoming SuperStream ready a priority. SuperStream – the standardisation of how employers make super contributions on behalf of their employees – involves employers sending all super payments and employee information electronically in a […]