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Payroll’s primary task is to make sure that all employees are paid correctly and that deductions are remitted in a timely manner to the appropriate authorities. When it is summed up like that, it sounds like a relatively simple and straightforward task. But there are many tricks and traps in payroll that can result in …
Continue reading “When Payroll Goes Wrong: Mistakes And Consequences To Avoid”
Salary sacrifice is rising in popularity in Australia as workers use this scheme to access more of their wages and pay less in tax – legally. Salary sacrifice or salary packaging payroll solutions, approved by the Australian Taxation Office (ATO), lowers your taxable income and increases your take-home pay. With approval, anyone employed can apply …
Continue reading “How To Manage Salary Sacrifice For Employees”
Calculating your actual payroll costs is a time consuming and complex process, which most small businesses don’t have the resources or expertise to do correctly. The biggest mistake you can make in payroll services is to assume that there are only two numbers that matter – the wages outlay and tax withholding. Many other metrics …
Continue reading “Payroll Metrics: The most important data to include in reporting”
Time tracking is an essential part of any business. It’s not only important for payroll, but it also helps with scheduling, project management, and more. But if you’re not using the right system or software to do this – it can be costly and time-consuming. Many companies still use paper timesheets, which are not only …
Continue reading “Time and Attendance Tracking Solutions For Remote Workforces”
Many challenges face businesses of all sizes when it comes to payroll, one of which is understanding which department should handle the role of payroll services? There are effectively four options. First, payroll can sit in the finance or accounting department where it has traditionally always been. Second, human resources (HR) is another department that …
A common question asked by new businesses building a workforce is what payroll tax they can expect to pay in Australia. Payroll tax in Australia is calculated based on individual factors in your business, which can be easily calculated and lodged by i3Group’s team of payroll professionals. If you are preparing for tax time or …
i3Group is a well regarded payroll provider, working with businesses to establish and execute compliant payroll systems. While most payroll professionals carry out the standard payroll features you would expect in a small to large business, there are often entitlements and processes that are more complex for a business to manage, including ex gratia payments. …
An efficient business is one that is always reviewing processes and adopting the best providers who can facilitate the best results. A company’s payroll provider has an important responsibility in ensuring that every employee is paid on time and to the correct award and managing employee benefits. A payroll provider is also tasked with keeping …
Continue reading “Switching Payroll: How To Change Payroll Providers”
Employers have a legal responsibility to uphold a safe working environment for every employee. Although, what happens in the unlikely event that the standard slips or an unprecedented occurrence results in an injury? If the unforeseen injury takes an employee out of work then the employer is still obligated to pay that worker and that …
Continue reading “Is workers compensation subject to payroll tax?”
Casual employees make up a crucial part of the workforce. Whether it’s supporting businesses through seasonal demand, relieving full-timers on leave, or even just representing the brand through the weekend roster – casuals are an essential part of the business ecosystem. Just as the role of a casual is different from permanent staff, they also …
Continue reading “What Are My Legal & Payroll Responsibilities to My Casual Staff?”
A resignation from any employee will result in a period of change until that employee is replaced or the responsibilities are distributed among the remaining team. […]
Most workplaces have naturally established a rhythm when it comes to the hours worked by employees, with arrival times and overtime loosely tracked […]
A novated lease is a form of salary sacrificing that allows an employee to finance a car with fortnightly or monthly payment instalments.
Salary sacrificing is a great way for employers to offer benefits to their employees in a tax-efficient manner. In essence, you buy benefits in pre-tax dollars so if the tax rate is 32.5%, you get 32.5% better buying power.
Payroll remains a constant in any business environment, regardless of the market condition or environmental factors that might be impacting other parts of the business. […]
As eligible employers transition to JobKeeper 2.0, the ATO has advised important key dates that must be adhered to.
JOBKEEPER EXTENSION The Federal Government recently announced an extension of the JobKeeper wage subsidy until 28 March 2021.
What does jobkeeper mean for your business. Read here to review the basic terms of JobKeeper and the lesser-known considerations that might apply to your business. […]
Many employers don’t spend too much time considering the HECS and HELP commitments of their employees. Read more about HECS and HELP Debt Withholding here […]
Unless you are operating in the financial sector, it can be hard to know how your financial processes and procedures stack up, with your accountant […]
Pay deductions and overpayments might seem like an unfortunate occurrence to an under resources payroll function, but they don’t have to be with […]
Payday doesn’t come around without some excitement, but how often these days occur will depend on your employer and/or industry. While many have their […]
If you are part of a finance function, then you have likely been involved in the preparation of an audit, and can appreciate the rigour needed […]
There is a misguided assumption that ‘temporary’ equates to inferior, and when it comes to staffing, there couldn’t be more to the story. […]
If you are considering or are soon to start implementing this system, use these four-time and attendance tips for a smooth transition. […]
Time and attendance tracking assist businesses greatly by allowing them to make more informed decisions about ideal staffing mixes for the future. […]
Pay transparency is the best way to ensure your business operates smoothly. Read our blog to learn what you need to know about pay transparency. […]
Payroll disasters can really derail the direction and productivity of a business if not correctly managed. Learn how to survive a payroll disaster in this blog […]
You would be forgiven for thinking there is only one way of conducting payroll within your business, as workplaces have a bad habit of sticking to processes […]
When it comes to payroll best practices, there are a lot of obvious dos and don’ts that you want to make sure you are adhering to or make sure to avoid […]
In this article, we explore how biometric time and attendance systems work and how they can benefit your business by integrating your payroll with this system […]
The concept of superannuation is one that has mystified employees and employers. Check out our guide to superannuation and when you need to pay. […]
The plunge to implementing new processes can be daunting but advanced systems increase profitability. Take a look at key questions to ask with payroll systems. […]
Although a no brainer, taking the plunge into outsourcing payroll can be difficult so continue reading for top tips on how to outsource payroll and the benefits. […]
With more businesses migrating to an outsourced payroll solution, it’s natural that you discuss and question the feasibility within your own business. […]
Allowing your HR team to spend more time developing your people is always a challenge but HR systems can relieve some of burden of additional paperwork. […]
Regardless of what payroll system you have in place, if you are still in the process of preparing for single touch payroll, you can make the transition smoothly by taking action now. […]
Outsourcing payroll can save your businesses a huge amount of time and money, which you can reinvest into other areas of your operations. […]
Every business is guilty of experiencing Groundhog Day at one point or another. We tend to accept the good with the bad, feeling regimented into the financial […]
The moment you cease to introduce innovation to your business is when you’ll see a drop in team engagement and productive output. Your financial […]
Human Resources is more of a vocation than it is a profession. With tasks ranging from the mundane to the critical and sensitive, there is untold scope [..]
The decision to resign from your post is one that takes a lot of consideration. It furthers in complication when there are mixed sources citing varying leave terms [..]
Tax should be a concept well understood by all employers, especially when it pertains to payroll. Failure to understand payroll tax and its implications [..]
One of the major factors that make a business successful is the optimum use of time and resources. It’s prudent to conduct a thorough analysis of all business [..]
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