Author Archives: VixBizSol

Important Changes to Annual Leave

A number of very important changes have recently been made by the Fair Work Commission to annual leave entitlements for employees covered by the Fair Work Act 2009. It is now critical for you to familiarise yourself with these changes because: the changes are already in full legal effect non-compliance...

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End of Financial Year Project Plan

The end of financial year is fast approaching and that means getting all your paperwork ready. It is important that you prepare for the End of Financial Year. A little bit of preparation can not only limit any stress for you, but it also has the to potential to save you...

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Pay Slip Obligations

Pay slips are an important component to your bookkeeping. They not only ensure that your employees are aware of their pay and other financial earnings from your business, but they can also be used as a tool to help manage your finances and ensure you are compliant. Below we answer...

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National Employment Standards

All employees who are covered by the Fairwork Act 2009 are entitled to the 10 National Employment Standards. Some of the NES have their own internal eligibility criteria, however, they are a general standard that must be met by most employers. In addition to the NES, an employee’s terms and conditions of...

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ATO Accepts Pre-Payment of Tax Bills

Tax Pre-Payment A business can make pre-payments at any time to make it easier to manage its tax responsibilities. Some tax liabilities qualify for early payment interest when the payment is made more than 14 days before the due date. If you are eligible for interest on early payments, you can...

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Single Touch Payroll is Back on the Agenda

Single Touch Payroll Reporting ICB Summary: The Mid Year Economic and Fiscal Outlook (MYEFO) from government recommitted the government and the tax office to making STP real. This has been further supported and explained by Media Release on 22nd December, 2015. Update: It is compulsory for employers with more than...

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