Legislation Updates

Latest legislation news

At Datacom we’re well aware of the Single Touch Payroll (STP) reporting requirements coming in to place for employers employing 20 or more employees from 1 July this year and our software is ready to report this information for our customers.

End-of-Year processing will generate Certificates of Earnings for each employee to show their Gross Taxable Earnings, PAYE etc. for the financial year. Any employees who wish to complete a tax return may need this information. In addition to the Certificate of Earnings, other useful year end reports available are the ACC Premium Report and YTD Summary Report.

ACC Earner Levy Rate

What is Single Touch Payroll?

The 2017-2018 Australian Budget will affect the calculation of payroll for Australian employees. This section will outline a number of tax changes that will need to be made for the financial year. 

ACC Earner Levy Rate

End-of-Year processing will generate Certificates of Earnings for each employee to show their Gross Taxable Earnings, PAYE etc. for the financial year. Any employees who wish to complete a tax return may need this information. In addition to the Certificate of Earnings, other useful year end reports available are the ACC Premium Report and YTD Summary Report.

Child Support and the Protected Earnings Amount 

The Australian Government has increased the 32.5% (34.5% including Medicare levy) tax threshold from $37,001- $80,000 to $37,001-$87,000. This section will outline a number of changes to the tax tables that will need to be made effective 1st October.

The Council of Trade Unions (CTU) recently released information it sought from the Ministry of Business, Innovation and Employment (MBIE) on the companies that have been reviewed for Holidays Act compliance which has been reported in the media over the last couple of days.