Ethos Accounts

• Have records/ personal info regarding the new employee – providing the employee with a small start up pack containing A new employee data form for personal details Tax file number form (TFN form) Time sheet form for daily hours  worked – if applicable NES (National Employment Standards) form from fairwork commission if applicable
• Engagement letter or employment agreement – if applicable  Keep all the above info in a manila folder for each employee so that it is readily available when needed
• A new employee data form for personal details
• Tax file number form (TFN form)
• Time sheet form for daily hours  worked – if applicable
• NES (National Employment Standards) form from fairwork commission if applicable
• Engagement letter or employment agreement – if applicable
• Keep all the above info in a manila folder for each employee so that it is readily available when needed
• Now that we have to comply with STP, it is a good idea for those that produce employee payroll manually to purchase an accounting software program that will handle STP
• Make sure that you are following the correct pay award schedules that applies to your business according to fair work commission or Wageline, whichever is applicable

For those that are starting a new business or for those that will be hiring people for existing businesses, it is wise to take payroll seriously and comply as required Next month I will be explaining the differences between what is an employee and what is a contractor for employment purposes 28/03/19: Parliament has now passed legislation to extend Single Touch Payroll (STP) reporting to include all small employers (those with fewer than 20 employees) from 1 July 2019 STP is pay day reporting by employers to the ATO as it happens, this reporting having started on 1 July 2018 for large employers (20 or more employees):

• Small employers can start reporting any time from the 1 July start date to 30 September 2019
• ATO will grant deferrals to any small employer who requests additional time to start STP reporting
• There will be no penalties for mistakes, missed or late reports for the first year
• Small employers can start reporting any time from the 1 July start date to 30 September 2019
• ATO will grant deferrals to any small employer who requests additional time to start STP reporting
• There will be no penalties for mistakes, missed or late reports for the first year

Specialising in Bookkeeping and Accounts Control

We provide for all aspects of Bookkeeping and we specialise in servicing small, medium and large businesses

Registered BAS Agent Number: 24667673 – with over 25 years of Bookkeeping experience

Practicing member of I C B – (Institute of Certified Bookkeepers)

Specialise in MYOB software

PLEASE CALL NOW FOR A COMPLIMENTARY ASSESSMENT OF YOUR MYOB FILE Del: 0421 353 423

Ethos specialises in the above software accounting programs