Ross Turk’s Post

𝗛𝗮𝘃𝗲 𝘆𝗼𝘂 𝗰𝗵𝗲𝗰𝗸𝗲𝗱 𝘆𝗼𝘂𝗿 𝗣𝗮𝘆 𝗥𝗮𝘁𝗲𝘀?  📈 You may know that the minimum wage and minimum award rates have increased as of 1 July 2024 by 3.75%. You may think that you are paying above award, but have you done an audit lately? A pay audit should be carried out at least once a year to ensure your process and rates are up to date and legally compliant. Further, it will be important for businesses to understand the Wage Theft laws which will be coming into play as part of Fair Work’s closing loopholes Act which will mean it will become a criminal offense to intentionally engage in conduct that results in the underpayment of employees.  💡 As a client of People Design HR, we keep you updated with your obligations and any changes to legislation and ensure that your pay rates are audited once per year. Time flies and we all get distracted by other urgent tasks, but putting this off could land you in deep water 😉 #PayAudit #MinimumWage #HRCompliance #WageTheftLaws #FairWorkRegulations

Excited to share insights on preparing for Payment of Wages Act inspections. Here are some tips to ensure compliance: 1. **Comprehensive Documentation:** Keep meticulous records of wage-related documents to streamline the inspection process. 2. **Regular Compliance Audits:** Conduct periodic internal audits to proactively identify and rectify any non-compliance issues. 3. **Employee Training:** Equip your staff with a deep understanding of the Act's provisions to minimize potential violations. When it comes to defenses: 1. **Documented Policies and Procedures:** Maintain well-documented wage policies and procedures, clearly outlining compliance measures. 2. **Regular Legal Updates:** Stay abreast of amendments and changes in labor laws, integrating them promptly into organizational policies. 3. **Engage Legal Counsel:** Establish a relationship with legal experts well-versed in labor laws. And, avoiding common mistakes: 1. **Incomplete Record-keeping:** Failing to maintain accurate and complete records often leads to compliance issues. 2. **Ignoring Employee Concerns:** Create channels for open communication, promptly addressing and resolving concerns to maintain a harmonious work environment. 3. **Delay in Implementation of Legal Changes:** Proactively monitor legal updates and swiftly integrate required adjustments into your organization's practices. Prioritize a proactive approach to Payment of Wages Act compliance, fostering a workplace where legality meets efficiency. #LaborCompliance #PaymentOfWagesAct #WorkplaceInspections LawSikho Abhyuday Agarwal Ramanuj Mukherjee Komal Shah

In April 2024, The UK government released its response to the draft code of practice on the fair distribution of tips, along with an updated code of practice. The new legislation, effective from 1 October 2024, mandates that all tips be passed on to workers. Additionally, businesses where tips are given more than occasionally must establish a tipping policy. To ensure fairness and transparency, companies must follow the updated code of practice when distributing tips. In its response, the Department for Business and Trade (DBT) stated: "We will continue to work closely with other Government Departments and stakeholders in tipping industries to help businesses prepare for implementation and support workers to be informed about their new rights. "We will also continue to work with other Government Departments and stakeholders to prepare non-statutory guidance and communications to support businesses in implementing the new rules." Whether you handle tips through your payroll or use an external tronc, ensure you are familiar with the code and understand how to comply by 1st October 2024. #achieve #excellence #hospitality #employmentlaw #tips #recruitment #uk #payroll

PAY attention 🕵♀️ With wage theft on the rise, wage cops are on the hunt . . . payroll errors aren't just about the numbers, they have serious consequences for employers. 🚫 Legal penalties: non-compliance can lead to fines, penalties and legal action ⚠ Reputational damage: public perception and credibility can suffer 😡 Employee discontent: incorrect payments can result in employee dissatisfaction, decrease morale and turnover rates Ensuring wage accuracy is integral to avoid financial loss, operational disruption, and trust erosion. Compliance and integrity in payroll must be uplifted. How do you ensure you are paying your staff correctly? Payroll internal audits are one solution, which deliver: 🔍 Clarity and transparency ✅ Compliance with regulations 💼 Enhanced trust and employee moral All employers should ensure fair compensation and uphold integrity in their payroll activities. Our payroll experts at Synectic Accountants & Advisers are here to assist employers navigate the complex world of payroll compliance. Make it a priority to avoid the potential repercussions of getting it wrong. #fairpay #payrollaudits #wagetheft #internalaudit #assurance #payrollcompliance #assuranceandadvisory #tasmania #devonport #launceston

🎉 Big Win for Restaurant Operators On August 23rd, the U.S. Court of Appeals overturned the Department of Labor’s Dual Jobs Regulation amendments, significantly reducing regulatory burdens for businesses with tipped employees. This game-changing decision is set to streamline operations and relieve compliance challenges. Learn how this ruling can impact your restaurant’s bottom line.👇 https://hubs.ly/Q02NTkbl0 #DualJobsRegulation #TipCredit #IndustryUpdate #Compliance #Payroll

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 You National Minimum Wage (NMW) Compliant? ⚠️ With HMRC ramping up their focus on SMEs, it’s more important than ever to ensure you’re following NMW laws. Compliance isn't just about paying the correct hourly rate—it’s about understanding worker categories, tracking hours, and ensuring deductions don't drop pay below NMW. 💼 Proactive reviews are key! Don’t risk penalties or reputational damage. Stay compliant and protect your business. Need advice? Our payroll team is here to help! #NMWCompliance #HMRC #Payroll #SMEs #BusinessCompliance #StayCompliant

To my investor and private equity network: M&A due diligence got easier with our PaidRight wage compliance platform. 🔍In M&A, wage compliance is a key risk that can impact the success of a deal. W&I insurers are challenged, as traditional methods like manual checks and sampling aren’t enough to catch everything. Wage compliance is too important to rely on outdated methods. A wage compliance platform provides a smarter, data-driven approach, reducing risks and supporting smoother, more sustainable M&A transactions. Our latest blog explains how a wage compliance platform improves accuracy, reduces costs, and provides critical insights for post-deal success. #MergersAndAcquisitions #WageCompliance #DueDiligence #PayrollCompliance #RiskManagement

5 ways employers could accidentally underpay their employees With wage theft in the spotlight, carefully monitoring payroll compliance is more critical than ever. Here are five ways accidental underpayments can occur, and how to prevent errors like these slipping through the cracks. Visit https://zurl.co/ilOC to learn more. Rosy Innovations is here to help you. For further information, contact us on 1800-ROSY-00 (1800-7679-00) or at info@rosyinnovations.com.au. Source: Australian HR Institute

There are rules that businesses must follow when they are reporting employee changes. These changes must be sent to HMRC using a Full Payment Submission (FPS). The FPS is a submission that is required every time you pay your employees and must be submitted on or before the usual date you pay your employees. The information provided on an FPS helps HMRC ensure that they have the up-to-date information on your employees. #Payroll #EmployeeTaxRecords