Paytools in Melbourne, Victoria, Australia | Software company

Paytools

Locality: Melbourne, Victoria, Australia

Phone: +61 3 9879 4060

Address: 1/20 Melbourne St 3134 Melbourne, VIC, Australia

Website: https://paytools.com.au

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22.01.2022 With so many options available, it can be a difficult to decide what's best for your business. One size does not fit all, so it's important to understand what factors you need to assess first. The most important including: - Business characteristics & payroll needs - Staying in house or outsource - Relevant compliance obligations... - Current tech stack compatibility - In-country, global providers with local knowledge or aggregator providers Full article > https://lnkd.in/du5b2VY

21.01.2022 An article in the The Sydney Morning Herald outlines a proposed NSW increase in penalties for #wagetheft and a state tax law breach. The Berejiklian government moves to raise fines to more than $100,000 and also publicly name the worst cases. Full article > https://lnkd.in/ejuAVan

21.01.2022 At Paytools, building a strong #culture is important to us! Every quarter we book in a fun activity for the team. Last month we attended a cooking class at the beautiful Billanook Estate Winery Here’s a little sneak peek of our awesome day! #lovewhereyouwork #culturematters

17.01.2022 Wage underpayments have been under the radar a lot and there’s a new criminal law targeting wage theft. This will be applicable to all employers regardless of size and here’s what you need to know: - Maximum penalty of 4 years' jail - Fines of up to $1.1 million for individuals & $5.5 million for companies - People convicted would be disqualified from managing companies for 5 years... - The offence will not apply to one-off underpayments or inadvertent mistakes Let Paytools assist you with wage compliance. It enables businesses to identify under or over payments and checks wage history, helping you avoid penalties with an independent audit that identifies any issues with your #payroll. Learn more > https://bit.ly/390CigD Full article > http://bit.ly/393hqVR

16.01.2022 Latest research found that 33% of payroll managers admit to making employee payment or entitlement mistakes at least once a month. Ensuring correct payment can be a challenging task as accurate salaries and entitlements not only involve correct pay and award calculations but also accurate leave entitlements and superannuation contributions. Let Paytools help take the stress out of #payroll. Download a free trial to confidently verify each pay cycle with summary variance reports > https://bit.ly/394IFj4

13.01.2022 Wishing you all a very Merry Christmas and a Happy New Year! Our office will be closed from 25th Dec until 4th Jan, and we look forward to seeing you in 2021 Safe and happy holidays everyone!... Team Paytools See more

12.01.2022 An 2018 Industry Super Australia report estimated that 32% of all eligible Tasmanian workers weren't paid the correct super or no super at all. Employers are required to contribute at least 9.5% of an employee’s earnings before the 28th day after the end of each quarter. The Australian Chamber of Commerce & Industry said that Australia had one of the most complex #workplacerelations systems of any country in the world. They highlighted the difference between wage theft & accidental underpayment of wages through mistakes, misinterpretations or miscalculations. For more information around improving #payroll compliance, check out our best practice guide > https://lnkd.in/gBm7xkv

11.01.2022 Understanding #payrolltax obligations in Australia can be tricky. Download our free guide & learn: How to calculate your payroll tax rate: state by state If you qualify for any payroll tax relief or concessions Payroll tax thresholds: when you need to start paying A simple checklist to help you manage payroll tax... Download: https://lnkd.in/gX4sQpu

04.01.2022 Employers must pay #SuperGuarantee at 9.5% of an employee’s ordinary time earnings (which includes commissions, shift loadings & allowances, but not overtime). If an employee’s OTE exceeds the max quarterly contribution base, the employer doesn't need to pay SG on the amount exceeding the max base. If an employer fails to pay the appropriate SG to the correct fund by the due date, they'll be liable to pay the SG charge Learn more https://lnkd.in/gKxCt84

02.01.2022 Did you know that an estimated 13% of the Australian workforce is being underpaid $1.3 billion dollars every year? We've put together the complete guide to #payroll compliance in Australia, covering common causes, the 5 pillars of compliance & tips for how you can improve. Check it out https://lnkd.in/gBm7xkv