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Are Fairwork and the ATO looking at your business? There is a lot of noise in the media with even major companies now being targeted for non-compliance. Are you safe from this? Having grown enough now to hire employees you are now in the position of wondering: 1) Which award applies to my industry? How do I find this out? 2) What allowances do I need to pay? 3) What are the requirements to pay super? Super is now included in the National Employment Standards so the focus will be even more on compliance with regulations. If you have these questions or any others ... Don't struggle through this without help - this is now such a specialised field - complete with minefields! I have it on good authority that that the Fair Work Ombudsman is going to be cracking down further on small business compliance early in 2024 - and the ATO already is! I can guide you through the process to determine correct rates and the peace of mind that you are using best practice! Email: info@payrollportal.com.au and mention this post & I will give you an obligation free guide through the process. Payroll Whizzards is a specialised payroll service focussing on all aspects of payroll compliance - from initial set up to advisory services on payroll tax, superannuation and workers compensation requirements and many other areas. For further questions please contact me at info@payrollportal.com.au #margaretlilburne #PayrollWhizzards #PayrollCompliance Genine Lopes (MAHRI) Georgie Gilbert

Are Fairwork and the ATO looking at your business? There is so much noise in the media with even major companies now being targeted for non-compliance. Are you safe from this? Having grown enough now to hire employees you are now in the position of wondering: 1) Which award applies to my industry? How do I find this out? 2) What allowances do I need to pay? 3) What are the requirements to pay super? Super is now included in the National Employment Standards so the focus will be even more on compliance with regulations. If you have these questions or any others ... Don't struggle through this without help - this is now such a specialised field - complete with minefields! I have it on good authority that that the Fair Work Ombudsman is going to be cracking down further on small business compliance early in 2024 - and the ATO already is! I can guide you through the process to determine correct rates and the peace of mind that you are using best practice! Email: info@payrollportal.com.au and mention this post & I will give you an obligation free guide through the process. Payroll Whizzards is a specialised payroll service focussing on all aspects of payroll compliance - from initial set up to advisory services on payroll tax, superannuation and workers compensation requirements and many other areas. For further questions please contact me at info@payrollportal.com.au #margaretlilburne #PayrollWhizzards #PayrollCompliance Genine Lopes (MAHRI) Georgie Gilbert

📰 I recently had the opportunity to speak with the VP of Compliance at Instant Financial on the topic of earned wage access (EWA). Although there may be again no movement on the Treasury Department's proposal regarding constructive receipt of wages and EWA, Congress is considering a consumer protection bill related to EWA, and some states have already introduced or passed laws on the matter. This highlights the need for businesses and professionals to stay up to date on the issue. Read more about my conversation with Heather Heebner in my Thomson Reuters blog post below. #earnedwageaccess #treasury #tax #payroll #compliance #legislation #compliance

Can't agree with this more! Tightening regulations mean employers need to be more serious with wage compliance, and have structured ways to manage it. "To address the risk of wage underpayments and to safeguard directors from liability, companies must adopt a thorough approach to payroll and compliance reviews. A comprehensive review involves an in-depth analysis of the payroll data of all employees, ensuring complete compliance and accuracy. This method is not just about finding and fixing errors; it’s about demonstrating a commitment to fairness and legal compliance. In the case of audits, such extensive reviews provide clear evidence of due diligence in payroll matters." #industrialrelations #employeerelations #labourlaw #labourrights https://lnkd.in/gHkTaBZv

📢 The Fair Work Legislation Amendment (Closing Loopholes No. 2) Bill 2023 was passed by the Senate this afternoon with the support of the Greens, Lidia Thorpe and David Pocock - 32 votes to 29. (Link to the Bill in comments) A key highlight that perhaps hasn't received the attention it deserves is the significant increases in civil penalties for contraventions of the Fair Work Act, particularly targeting employee underpayments. 👇 📌 Corporations will face maximum penalties of $469,500 for contraventions, or $4,696,000 for serious contraventions - 5x the current maximum. 📌 Underpayment penalties will be the higher of: - the maximum penalty ($469,500), or - three times the underpayment amount. This means that a single contravention related to underpayments could trigger hefty fine of $469,500 (or even higher, depending on the quantum of the underpayment amount). 📌 Serious contraventions now extend beyond intentional acts to include reckless behaviour. 📌 Employers risk being deemed reckless (and therefore subject to serious contravention penalties) if their payroll teams, legal department or directors are aware that their payroll systems are insufficiently compensating employees in accordance with Awards and EAs yet fail to address the problem. What are some risk areas that may cause contraventions? A few examples: ❌ Not keeping up with classification reviews in alignment with evolving job duties ❌ Rosters planning with no consideration for or awareness of EA and award rules ❌ Changes in shift patterns not being reflected in payroll systems It has become increasingly crucial for employers to establish and maintain continuous compliance protocols to effectively adapt to these recent developments. Sophisticated technology to monitor workforce compliance obligations is available and has become vital in building a sustainable payroll compliance framework. If you are concerned about your compliance obligations, please feel free to message me. #closingloopholes #payrollcompliance #underpayments #FWO #wagecompliance #wagetheft

Knowledge is power in the world of compliance! Stay on top of important California payroll compliance regulations with our in-depth article that breaks down the essential need-to-knows for California business owners. Read more: https://lnkd.in/gq7rVRN2 #PayrollKnowledge #BBSI #BusinessReads #ComplianceInsights #FutureOfWork

Knowledge is power in the world of compliance! Stay on top of important California payroll compliance regulations with our in-depth article that breaks down the essential need-to-knows for California business owners. Read more: https://lnkd.in/gq7rVRN2 #PayrollKnowledge #BBSI #BusinessReads #ComplianceInsights #FutureOfWork

Knowledge is power in the world of compliance! Stay on top of important California payroll compliance regulations with our in-depth article that breaks down the essential need-to-knows for California business owners. Read more: https://lnkd.in/g32Pye9i #PayrollKnowledge #BBSI #BusinessReads #ComplianceInsights #FutureOfWork

Knowledge is power in the world of compliance! Stay on top of important California payroll compliance regulations with our in-depth article that breaks down the essential need-to-knows for California business owners. Read more: https://lnkd.in/gWCUeYQQ #PayrollKnowledge #BBSI #BusinessReads #ComplianceInsights #FutureOfWork

Knowledge is power in the world of compliance! Stay on top of important California payroll compliance regulations with our in-depth article that breaks down the essential need-to-knows for California business owners. Read more: https://lnkd.in/gv-KJTem #PayrollKnowledge #BBSI #BusinessReads #ComplianceInsights #FutureOfWork