Pulling It All Together
Five Tips for Keeping Payroll on Track
Balance tax every time. In Australia, balance PAYG tax every time you lodge a Business Activity Statement. In New Zealand, balance PAYE tax every time you lodge a GST return.
Get wise with super. Discover how to reconcile employee superannuation so that you always pay the right amount.
Don’t get caught unawares. Understand when payroll tax applies to a business, and get acquainted with the threshold for the state in which you live (Australia only).
Keep everything in balance. Understand why wages in payroll reports need to balance against wages in your Profit & Loss report.
Look after employees. Know how to check minimum hourly rates for employees, and understand the importance of checking this information regularly.
Check out www.dummies.com/extras/bookkeepingau for a free online article about handling employee ...