Superannuation

/Superannuation

Are payslips compulsory?

By | 2019-06-06T05:38:07+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 | 2019-06-06T01:01:29+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 | 2019-06-06T23:31:45+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 | 2019-05-29T04:37:24+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 [...]