Avoid these common payroll errors
While navigating the complexities of payroll management, it’s crucial to be aware of common errors that can lead to compliance issues & financial penalties.
Happy New Financial Year
We hope that the new financial year is off to a strong start for your business. As trusted partners in your financial journey, Halpin Partners is dedicated to providing you with timely updates and valuable insights to navigate the ever-changing accounting and taxation landscape. In this newsletter, we would like to highlight several key updates […]
Single Touch Payroll (STP) Phase 2
About STP Phase 2 STP is the new norm for reporting payroll information electronically to the ATO. STP Phase 2 is an expansion on an employer’s current STP reporting obligations. This expansion will require the following information to be transmitted to the ATO as part of an employer’s regular STP lodgement process: Employment and Taxation […]
Happy new financial year & what to action
Single Touch Payroll – Annual Finalisation All employers must complete their STP Finalisation declarations by 14 July 2021. The ATO recognise the effects of COVID-19 and are allowing these finalisations to be completed up until 31 July 2021. Change to Superannuation Guarantee Rate From 1 July 2021, the superannuation guarantee contribution rate increases to 10%. This will […]
Jobkeeper: Key Date Changes in January 2021
There have been some key date changes in relation to the upcoming lodgements for JobKeeper declarations. Wage condition for JobKeeper Fortnight 20 For JobKeeper Fortnight 20 (21 December 2020 to 3 January 2021), the ATO is allowing employers until Monday 4 January 2021 to meet the wage condition for their eligible employees or business participant. […]
COVID-19: Jobkeeper Employee Extension – Action Required
As you may be aware, the Government have recently announced changes to the eligibility for employees to enter the existing JobKeeper Program for fortnights commencing 3 August 2020. The date to assess if an employee is eligible has been extended to include individuals employed on 1 July 2020 (previously 1 March 2020). This change is […]
COVID-19: jobkeeper 2.0 further changes
Further to our recent update in relation to JobKeeper 2.0, due to commence in October, the Government have announced further changes. Under the original JobKeeper 2.0 guidelines, a business would need to show a decline in turnover of 30% for both the June and September quarters. Under the revised guidelines, businesses will only need to […]
Workers Compensation Insurance
Workplace accident insurance is compulsory if you have employees. It covers you for the costs associated with a claim by a worker who is injured in the course of employment. In Queensland, accident insurance is regulated by WorkCover Queensland. New Policies You can take out a new policy by applying online, making declarations and paying the premium. […]
COVID-19: jobkeeper 2.0
The Federal Government has announced an extension to the JobKeeper program. Known as JobKeeper 2.0, this announcement extends the current end date of 27 September 2020 to 28 March 2021. Despite initial speculation, the original JobKeeper program will run as planned until the end of September 2020. This means, businesses and employees currently receiving the […]
COVID-19: JobKeeper Monthly Declaration Reminder
Businesses that have enrolled for the JobKeeper Payment need to lodge their May JobKeeper Declaration with the Australian Taxation Office by the 14th June, so they can receive their payment for May. These can be lodged through the ATO business portal in the same way the April declaration was lodged. As your tax agent, we […]
