Tax-free thresholds, PAYG withholding calculations, superannuation contributions, leave entitlements, Single Touch Payroll compliance, and award wage requirements all must be handled correctly. Payroll mistakes are costly — underpaying superannuation, incorrect tax withholding, and missed STP lodgements all attract significant penalties.
We calculate gross pay, deductions, tax withholding, and superannuation for each employee correctly. This involves understanding tax-free thresholds, applying the correct tax rates, and calculating superannuation guarantee contributions.
From 1 July 2018, most employers must report payroll information to the ATO in real-time through STP. This is mandatory for most businesses, and non-compliance attracts penalties. We handle all STP lodgement, ensuring you meet this obligation reliably.
We ensure timely superannuation contributions to employee accounts and handle fund administration. We determine the correct superannuation guarantee rate, calculate contributions, and arrange payment to funds on schedule.
We calculate correct income tax withholding based on each employee’s tax file number and circumstances. This ensures the right amount of tax is withheld — not too little (which creates a tax debt for the employee) and not too much (which wastes cash flow).
We maintain payroll records, process payments, manage timesheets, and handle all administrative aspects of payroll from end to end.
We ensure TFNs are collected and verified correctly before processing payroll. We also track annual leave, personal leave, and long service leave entitlements for each employee — critical for compliance and accurate final pay calculations.
Depending on your industry, we ensure payroll meets relevant award rates and conditions. When employees leave, we calculate final pay correctly (including accrued leave), manage superannuation payment, and lodge appropriate ATO notices of cessation.
