Managing your payroll is a time-consuming process. With so many moving parts – salary, leave, tax and employee records, mistakes can occur. Inaccurate records are costly for you and your business.
Employers are to required to comply with their obligations under the superannuation, PAYG withholding and Fringe Benefits Tax regimes. If proper records are not maintained then heavy penalties may be imposed, as PAYG is a legal requirement. The lodgement of the Payroll report to ATO with a PAYG withholding payment summary annual report is compulsory, only then the year-end payroll process is considered to be complete.
Save time and effort. The Tax Factor offers a cost saving service which will ease the compliance burden for employer.
The Payroll service will cover;
Assistance in PAYG registration for withholding obligation and offer further advice with assisting in maintaining timesheets is available. The Tax Factor can also setup and manage your superannuation obligations.
Strat the process today, call The Tax Factor on 1800 829 322 or complete our online form.