text size
  • -
  • =
  • text size
  • +

EmployersFIRST

EmployersFIRST     News & Media     

ATO moves to ensure employers pay Superannuation Guarantee Contributions on time.

November 29th, 2017

The Australian Taxation Office (ATO) has its sights set on employers who fail to pay Superannuation Guarantee on time. According to the ATO, 7 – 8 % of employers fail to pay on time or don’t pay the required amount of their employee’s superannuation contributions. To address the issue, from 1 July 2018 the ATO […]

EmployersFIRST     News & Media     

Single Touch Payroll is coming. Are you ready?

November 29th, 2017

Payroll processes are set to change for Australian business in coming years with the phased introduction of Single Touch Payroll (STP). Driven by the Australian Taxation Office, STP aims to deliver real-time data collection of payroll data, namely tax and superannuation information, to improve compliance and transparency in the payroll process. Announced in 2017, the […]

EmployersFIRST     News & Media     

When is a contribution ‘received’?

July 12th, 2017

Employers are reminded a contribution does not become a contribution until it is actually received by a superannuation fund. This confirms the ATO’s view that contributions made by electronic funds transfers occur when the amount is received by the superannuation provider or credited to the relevant account. The fact that money has left an employer’s […]

EmployersFIRST     

Annual Leave reforms may hide some pitfalls

August 30th, 2016

The end of July marked a time of significant change in the way Australians can approach their annual leave. And while the changes are designed to maximise flexibility for both employers and employees, there are some pitfalls both parties should consider. The changes to clauses 112 of the 122 Australian workplace awards by the Fair […]

EmployersFIRST     

ATO app promises to take the hassle out of tax time

August 30th, 2016

Whether you run a business or are an employee, it’s a rare person who looks forward to tax time with glee. You may keep your receipts in a box under the bed, or perhaps you take a more structured approach to your filing. Regardless, anything that promises to streamline the process and make record-keeping easier […]

EmployersFIRST     

SuperStream is here

April 28th, 2016

Employers and super funds are being reminded that they are running out of time to switch to SuperStream – the new standard electronic payment system. In a statement, Superannuation Deputy Commissioner Simon O’Halloran said SuperStream could cater to all kinds of small businesses.

EmployersFIRST     

Insurance in Super

April 28th, 2016

When most people think of superannuation, they normally think of guaranteed contributions, nest-eggs and a future that feels far off.
But the reality is that your super fund could be doing even more for your current needs: by offering you insurance.

EmployersFIRST     

What you need to know about employing contract workers

April 28th, 2016

Keeping your business’ records up to date is important not just for the contractor who will be receiving a super contribution, but to shield yourself against unnecessary and avoidable fines.