Superannuation

/Superannuation

Bookkeeping solutions for your quarterly ATO obligations

By | 2019-10-13T23:51:29+00:00 October 8th, 2019|Categories: ATO, BAS, Business Management, GST, Ideas, Restaurant Bookkeeping, Superannuation, Tax|

Every quarter of each financial year, your business must meet certain reporting obligations set by the Australian Taxation Office (ATO). These include Business Activity Statements (BAS) and Pay as you go (PAYG) withholding.  While some businesses may meet these obligations on a monthly or annual basis, most businesses lodge their reports and payments every 3 months. [...]

Are payslips compulsory?

By | 2019-11-25T01:39:00+00:00 June 6th, 2019|Categories: Employees, Food Business Owners, MYOB, Payroll, Restaurant Bookkeeping, Superannuation, Xero|

Are payslips a legal requirement? Yes, payslips are mandatory under Fair Work. All employees must be issued with a payslip at every pay event, regardless of how much time has been worked. It is compulsory for business owners to issue payslips within 1 working day of paying employees.  Fair Work inspectors can give employers a fine, [...]

How to Set Up Single Touch Payroll

By | 2019-07-11T08:04:44+00:00 March 21st, 2019|Categories: ATO, Employees, Payroll, Regulations, Restaurant Bookkeeping, Superannuation, Tax|

What is STP (Single Touch Payroll)? Set up Single Touch Payroll now! From 1 July 2019 all businesses will need to be electronically connected to the ATO to report employee payroll. You can't avoid getting on board because this is law.  It is a government initiative aimed at streamlining business reporting to the ATO. Therefore, your [...]

Superannuation – Last Chance to Pay Your Restaurant Employee’s SGC

By | 2019-07-11T08:21:03+00:00 June 5th, 2018|Categories: ATO, Employees, Superannuation, Uncategorized|Tags: , , , |

  Don't get left on the grill because it's about to get hotter for employers. WHAT IS EMPLOYEE SUPERANNUATION? When certain conditions are met, a restaurant employee is entitled to earn superannuation in addition to the base wage. This amount is usually 9.5% unless otherwise stipulated in awards.  The employer notes the Superannuation Guarantee Contribution (SGC) [...]

Single Touch Payroll Is Coming To A Restaurant Near You

By | 2019-07-11T08:20:35+00:00 May 14th, 2018|Categories: ATO, Employees, Payroll, Superannuation, Tax, Uncategorized|

SINGLE TOUCH PAYROLL IS COMING TO A RESTAURANT NEAR YOU Look out for Single Touch Payroll. Over time, hospitality employees have been paid in many forms: in kind, cash, booze, meals, cheque or direct transfer to a bank account.  Managing a hospitality payroll can get messy and difficult to reconcile correctly. You find yourself paying the [...]