Why use HR Dept Payroll?
Whether you employ one person or one thousand you are legally required to register with the Australian Tax Office (ATO) and operate a PAYE scheme on your employee’s behalf. The big question is, what is the most cost effective and reliable way to do this?
Managing payroll yourself can initially seem a cost-effective method, but you do need to ask yourself, do you have a really good working knowledge of the tax system and all the statutory payments imposed by legislation and awards and how to pay 3rd parties? You may need to factor in the below:
- Annual leave and sick leave accruals
- LSL leave accruals
- Individual Superannuation Contributions
- Maternity and Paternity pay
- Special allowances
- Fringe Benefits tax
- Living away from home allowances
- Salary sacrificed amounts (i.e. novated leases)
- Child support payments
- Union fees/Social club fees
- Health insurance
- Gym memberships
The compliance landscape is forever changing, it’s becoming increasingly difficult for you to manage your compliance obligations. Your time is far better spent growing your business than managing payroll.
Employing a payroll clerk, even part time, is expensive and of course you still need to cover holidays and any sickness absence.
Deducting incorrect amounts can lead to Fair Work claims and could send the ATO knocking on your door!
The simple solution is to hand over the whole process to HR Dept Payroll. For a low cost fixed monthly fee all your statutory obligations are taken care of by our payroll professionals.
What we do
HR Dept Payroll will provide advice and support to both you, the employer, and to your employees to help build and maintain a strong working relationship.
Every aspect of payroll is handled from setting up a new employee, managing annual and sick leave, paid parental leave, deducting tax, superannuation payments, termination and redundancy calculations and providing an itemised payslip for each employee every pay day.
If you would like a quote for the cost-effective management of your payroll please contact us.