Time Theft | How to fix a common money leak

How efficient software changes can prevent time theft. Over the last few years, a handful of high-profile cases have put the spotlight on underpayment of workers, particularly in retail, agriculture and hospitality. Rightly so, compliance is utterly important and employee underpayment is a problematic issue. But it’s also important to understand that wage theft is…

Single Touch Payroll – are you ready to go?

Marketing Manager - Sinclair Wilson

Single Touch Payroll (STP) is a new way of reporting Tax and Super information to the Australian Tax Office. From 1 July 2019, all Australian businesses must, by law, process employees’ pay, tax and super information via an online payroll system that is STP-compliant. It’s being referred to as, ‘real-time payroll reporting’ – because it means the ATO will be capturing real-time…

Single Touch Payroll – Mandatory for all employers from 1 July 2019

Director

Single Touch Payroll (STP) changes the way employers report their employees’ payroll and superannuation information to the Australian Tax Office (ATO). Using payroll or accounting software that offers STP, employers will be required to send their employees’ wage and super information to the ATO each time they run their payroll and pay their employees. (Be…

Pay Roll Tax Cuts in Regional Victoria

New data has shown how businesses across regional Victoria have taken advantage of the Victorian Government’s regional payroll tax cuts.  The numbers show businesses have saved more than $31 million in the first financial year it was introduced. Since 1 July 2017, a lower Victoria payroll tax rate of 3.65% has applied to wages paid…

Further clarity on payroll tax for contractors

As payroll tax provisions come under increased scrutiny by Revenue Offices, another case has provided clarity on how they should be interpreted. In Nationwide Towing & Transport Pty Ltd v Commissioner of State Revenue (No 2) [2018] VSC 609, the Victorian Supreme Court has dealt the Victorian State Revenue Office a blow by setting aside…