From the 1st of July, business owners with 20 or more employees will be required to report to the ATO all payments such as salaries, wages and Pay as you Go withholding and superannuation from payroll solution each time they pay their employees.
This does not exempt people with less than 20 employees. You still need to ensure you are using the correct Award and Classifications to ensure you are paying your employees correctly. Fines can be up to $37,000 per employee.
If Fair Work doesn’t have to inspect business over 20 because of this new system, they will have more time to look at under 20.
All business owners need to ensure they are paying correctly.
Hi, my name is Karen Vercoe, author of this post, “Important things business owners need to know“, and the Director of The HR People. Chan & Naylor have invited us to provide you with information about our services and how we can assist you. We are a team of HR consultants with extensive experience in multiple industries and we have national reach.
Each month we will provide an article. These articles will be information about current legislation and/or clients who have had to pay large fines or penalties to staff because they didn’t do the right thing. Often these people were unaware that they were doing the wrong thing.
If you have staff, there is a large amount of legislation that you need to be aware of and our role is to ensure that you are armed with that information so you can make educated decisions. In the event of a fine, you will be best positioned to act on the consequences before rather than after. We will cover contracts of employment, employment relationships, termination, redundancy, sham contracts, unfair dismissal, workplace health & safety and much more.
If you like to contact us now or you would like more information about us and our team check out our website here.
If you would like a Do It Yourself (DIY) Service, check this link.
We look forward to working with you and your team.
The HR People
Disclaimer: Chan & Naylor take no responsibility for the accuracy of any research material of contributors to our newsletter. Contributions to our newsletter are meant to be educational only and Chan & Naylor does not endorse any promotional material promoted in their articles. Readers should do their own research to determine the accuracy of their material.