Welcome to the first fortnightly edition of “Elevate Your Business”, a compilation of articles, news and information selected specifically for Australian SME business owners and managers, to elevate your understanding, passion, differentiation and of course… to raise the bar for SME Payroll and HR compliance.
The abundance of resources in each edition will provide more business improvement ideas than many of us would ever have the time to work through each between editions.
Please give us feedback and ask all the questions you want on payroll and HR, so we can you the answers you are searching for.
Enjoy the read and I truly hope you find inspiration!
What Fair Work Needs Us To Know
The National Anti-Bullying Laws commenced on 1 January 2014.
An employer can ask their employees to work on a public holiday if the request is reasonable. So what’s reasonable?
What happens when a business changes owners? Understanding your obligations to Transfer Employee Entitlements.
Plus in other government news… New Australian Privacy Laws & Credit Reporting Changes… are you prepared?
Hot HR Topic – Bring Your Own Device (BYOD)
Bring Your Own Device, or BYOD as it’s commonly known, refers to the practice of employees using their own personal devices for work purposes – such as laptops, smartphones and PDA’s.
While cost and other practical operational benefits exist, there are multiple risks for businesses that participate in any form of BYOD including IT security, data security, intellectual property protection.
The Australian Taxation System places the onus on employers to apply and pay the correct taxation on behalf of employees. The two major areas of misunderstanding that I’ve witnessed in my consulting career are:
Correctly identifying taxable and non taxable employee payments.
Even in the corporate world, payroll officers with years of experience are getting it wrong. Review each of your current non-taxable payment types with against ATO Table 1 and ATO Table 2 to ensure you are correctly calculating PAYG.
One of the most common errors is untaxed Travel Allowance… unless the employee has an ATO issued PAYG Tax Withholding Variation or there is a documented exemption… it is fully taxable.
Should your business face an ATO audit and employees are identified as being taxed non-compliantly, your business is liable to pay the tax owed and the associated fines, not the employee.
Are you paying compliantly? I’m ever amazed at the volume of employers who are incorrectly paying SGC… both under and over-paying. The Professional Payroll Manager can perform a quick and simple review of your payment types to ensure your business is paying correctly. Contact us to discuss it.
Brand Your Business
Build Your Business
Entrepreneurs versus Business Owners… how & why the two are very different, according to a new study
Kick It on Social Media
Provide Stand Out Service
Develop As a Leader
Build an Awesome Team
Use Your Time Wisely
Business Writing Essentials
Sell Like a Master
Stay Tuned to Your Small Business Minister on Twitter
Senator Nick Sherry, Federal @SenNickSherry
John Banks MP, ACT @JohnBanksPR
Katrina Hodgknson, NSW @KatrinaHoddy
David Tollner MP, NT @DavidTollner
Jann Stuckey MP, QLD @JannStuckeyMP
Tom Kenyon MP, SA @TomKenyonMP
Rebecca White MP, TAS @bec_white
Bruce Billson MP, VIC @BruceBillsonMP
Liza Harvey MLA, WA @LizaHarveyMLA
Learn more about The Australian Small Business Commissioner, whose role is to represent small business interests and concerns to the Australian Government. They have a great blog with articles such as How Your Local Council Can Help.