There are new terms about using annual wage arrangements in the: Health Services Award Marine Towage Award. These arrangements, sometimes called annualised salaries, can be made from the first full pay period on or after 9 May 2022. An annual salary can’t be less than the minimum entitlements an employee is entitled to under the […]
READ MOREProviding employees with vaccine incentives or pets can lead to FBT obligations: ATO
The Australian Taxation Office (ATO) is today urging employers that have provided their employees with fringe benefits to consider their fringe benefits tax (FBT) obligations – including registering, reporting, lodging and paying FBT. The ATO expects many employers to have an FBT obligation for the first time due to benefits provided during COVID-19. A fringe […]
READ MOREAccused believed Plutus legit, trial told
Adam Cranston has denied that he conspired to defraud $105 million from the tax office, saying he believed Plutus Payroll was above board when he acquired the business in 2016. When his company Synep took over Plutus for $5 million in June 2016, Cranston says he was assured the firm was profitable and remained unaware […]
READ MOREATO flags super guarantee charge deadline
Employers that will struggle to pay an employee’s minimum superannuation guarantee (SG) amount on time and to the right fund, must remember to pay the superannuation guarantee charge (SGC) this tax time, says the ATO. “We understand that paying your employees’ super may sometimes fall by the wayside,” the ATO said. “But it’s important you […]
READ MORENew minimum wage guarantee for pieceworkers
From the first pay period on or after 28 April 2022, there is a new minimum wage guarantee and new record keeping requirements for pieceworkers under the Horticulture Award. Summary of changes to the Horticulture Award New piece rate rules Under the Horticulture Award, full-time, part-time or casual employees can be paid a piece rate […]
READ MOREPlutus fraudsters led lavish lives: Crown
Adam Cranston used his role in the $105 million Plutus Payroll tax fraud conspiracy to fund a lavish lifestyle of fast cars and aeroplanes, a jury has heard. Crown prosecutor Paul McGuire SC said a number of accused had personally benefited by receiving money which should have gone to the tax office but was instead […]
READ MORECommission finds employee’s conduct of upward bullying towards manager warranted disciplinary action
Workplace bullying occurs when a person (or a group of people) repeatedly behaves unreasonably towards another worker (or group of workers) and that behaviour creates a risk to the worker’s (or group of workers’) health and safety. Bullying is commonly seen to occur either between peers or in a “downward” sense, where a person is […]
READ MOREATO urged to use powers over unpaid super
The tax office has been urged to use more of its powers to recover superannuation payments from employers accused of withholding the payments from employees. A new auditor-general’s report released on Thursday recommended the ATO better use its enforcement capabilities to get back the money entitled to workers. It was one of three recommendations outlined […]
READ MORESecret phone taps of ATO deputy commissioner’s son — discussing alleged multi-million-dollar tax fraud — played in court
A man accused of orchestrating an alleged $105 million tax fraud told his alleged co-conspirator it would be “bigger than Ben Hur” if the scheme was uncovered, tapped phone calls played in court have revealed. Key points: Five people have pleaded not guilty over an alleged $105 million tax fraud The jury was played a […]
READ MORESharper lending algorithms and “more affluent” users turning Beforepay to profitability, CEO says
The fortunes of pay-in-advance fintech Beforepay appeared to shift on Thursday, after a new report contrasted losses against rapid customer growth and a significant reduction in debt write-offs. Beforepay, launched in 2019, takes cues from the buy now, pay later sector with its spin on payday advances. The Australian fintech offers users a short-term advance […]
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