The Fair Work Commission has announced a 3.5% increase to minimum wages wef 1 Jul 2018. The changes apply to employees whose pay rates are determined by the national minimum wage, a modern award or a registered agreement . All your employee wages will thus be increased, and minimum wages rates applied. If you are…
Single Touch Payroll
Single Touch Payroll (STP) is a reporting change for employers, by the ATO. It starts from 1 July 2018 for employers with 20 or more employees. Single Touch Payroll will be expanded to include employers with 19 or less employees from 1 July 2019, but employers can opt in (register thru Xero/MYOB) before this date once fully implemented. You will report payments such as salaries…