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How to Set Up Accruals for Time in Lieu : RDOs in Xero

How to Set Up Accruals for Time in Lieu / RDOs in Xero

person Carmen Morris
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In some industries, employees frequently work additional, unpaid hours that accumulate as a form of leave. This can be added to Xero payroll so that both employer and employee have a transparent method of tracking and monitoring the entitlements for this leave type. In the Australian version of Xero, accruals for employees leave such as…

Is My Worker an Employee or a Contractor?

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Is Your Worker an Employee or Contractor? There are many factors involved in deciding whether a worker is an employee or contractor. It’s vital to get the classification right so you can rest easy knowing that you won’t be penalised by the ATO or the Fair Work Ombudsman. Do you know the differences between contractors…

Is Your Business Prepared for Superannuation Changes Starting in July 2022?

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Prepare Your Business for Changes to Super Rules with On The Money Bookkeepers in Melbourne There are several recent changes to superannuation obligations that employers need to be aware of. Start planning now for changes that could significantly affect your payroll costs and make sure your payroll software is up to the job. Super Guarantee…

Bookkeeping for Doctors and Medical Practices – How Healthy are Your Accounts?

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Medical bookkeeping is a specialised field requiring a comprehensive knowledge relevant to your industry. Running a medical practice is complex enough without having to be an expert in accounting as well. Let us take care of the financial and compliance side of your business while you look after the wellbeing of your patients.Bookkeeping for doctors…

The New Family and Domestic Violence Leave Entitlement

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What You Need to Know About Employer and Employee Rights When Dealing with Family and Domestic Violence Situations Every four years, the Fair Work Commission (FWC) reviews the modern awards and this time around the FWC has passed a decision to include family and domestic leave (FDL) in all modern awards. The modern awards will…

What Can Happen When Your Business Grows but Your Systems Don’t?

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Recently the cosmetics company Lush reported itself to the Fair Work Ombudsman after it discovered a payroll error that resulted in staff being underpaid since 2010 to an estimated total of over $2 million. ‘What has become alarmingly clear to us at Lush Australia is that our internal payment systems have not kept pace with…

Legal Obligations of a Business Owner

person Jo Voight
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Legal Obligations of a Business Owner—Are you across all of them? Are you considering starting a business? Or perhaps you are already running a small business and you know just how much is involved! Either way, with this article we aim to give potential business owners an understanding of the areas to consider before starting…

Single Touch Payroll–New Reporting Obligation for Employers

person Jo Voight
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Single Touch Payroll Single Touch Payroll (STP) is a government-initiated change in reporting obligations for all employers. The Australian Taxation Office has been developing this for some years and testing the system for the last year, and it is now in place and ready to receive employment data. The data to be reported is gross…

Recent Changes to Employee Entitlements

person Jo Voight
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Recent Changes to Employee Entitlements Recently the Fair Work Ombudsman announced changes for employee entitlements that affect a number of common awards, such as the Fast Food Award, Hospitality Award, Retail Award and Hair and Beauty Award and particularly affect casual workers. The changes are in force from 1 January 2018. The changes affect overtime…
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