#Payroll
What you can and cannot ask AI about your business finances this tax time
Payroll, tax claims, expense interpretation: the financial tasks where AI keeps getting it wrong for Australian businesses, and what to use it for safely instead.
HR and payroll: what you can expect in 2021
HR and payroll trends that emerged during COVID-19 are set to strengthen during 2021.
Report: 4 in 5 organisations are using 20 year old payroll tech
New data has revealed that 83 per cent of organisations are using payroll technology developed 20 years ago or more. The findings come at a time when a wage underpayment epidemic is sweeping across some of Australia’s biggest companies… The data comes from the 2019 Payroll Benchmarking Report, an annual study by the Australian Payroll […]
MYOB sets new benchmark for online collaboration
Cloud-based business solution launches new products.
Ready for STP payroll? The latest ATO update
John Shepherd, Assistant Commissioner, Australian Taxation Office delves into some of the finer detail ahead of the 1 July move to Single Touch Payroll (STP), a change to the way larger employers report tax and super to the ATO. The 1 July start for Single Touch Payroll (STP) is fast approaching, and all larger employers, […]
HR tech startup Employment Hero lands SEEK as an investor during $8m Series B funding round
Cloud-based HR, payroll and benefits platform Employment Hero have raised $8 million during a Series B funding round co-led by employment marketplace SEEK and OneVentures, with contributions from AirTree Ventures and AMP. The capital injection, which will be used to roll out new products and services, follows on from Employment Hero’s oversubscribed $4.5 million Series A round, […]
Accountants urge government to legislate against the late payment of small businesses
The Institute of Public Accountants (IPA) has called for the Federal Government to improve the financial outlook of SMEs by introducing a loan guarantee scheme and legislating maximum payment times for business-to-business transactions. In its 2018 pre-Budget submission, the IPA – a professional accounting body representing 35,000 accountants, business advisers, academics and students – made […]
Review your industry, socialise (in the real-world) and other ways to get an EOFY leg-up
The phrase ‘tax time’ can all too easily translate to feelings of boredom, dread and uncertainty for the small business owner. There’s the income tax return, BAS, payroll tax, super, and more. However, instead of viewing the annual marker as a time-sapping and difficult box-checking exercise, it should be seen as a spring board to […]
In the era of cloud software, accountants must improve their communication skills
Accountants have always suffered from a poor image. They have traditionally been predicted as dull, aloof and impersonal, and people assume they work on their own without much interference from others. They are typically right brained, methodical people who like details and numbers more than words, but having the ability to communicate well is critical […]
HR essentials: Simple ways for SMEs to avoid falling foul of Australia’s workplace laws
Australian workplace law and employee exploitation is a topic that has received a lot of media attention in recent months. From million-dollar corporates to local franchises, it is an all-too common area for slip-ups, regardless of the size of the business. We’ve seen this become a recurring issue that has plagued high-profile names like 7-Eleven […]
Managing growth: the rise of outsourced CFOs
As your business grows, you shift from being a service/product provider to a capital manager. The shift is gradual but represents a significant challenge if you haven’t developed the necessary skills or don’t have any aptitude or interest in this new role. Most often the solution to any skills gap is to bring in expertise, which for capital management, is […]
Salary packaging as a business tool: Debunking the myths
Instead of just complying with the fringe benefits tax legislation, why not use it to your advantage? Salary packaging can maximise take-home pay and attract talent. Could salary packaging be a cost-effective way to attract and retain talent? By combining cash salary with other benefits, organisations have greater flexibility to negotiate remuneration, but that’s just one […]
Key steps for complying with new SuperStream superannuation regime
Australian firms need to ensure payroll systems are up-to-date and supported by providers ahead of looming SuperStream deadlines.
Commonwealth Bank improves business access to funds
The Commonwealth Bank (CBA) has rolled out its Everyday Settlement feature, designed to give businesses instant access to funds from their merchant terminals.