Understanding Sick Pay Guarantee: What Every Australian Business Needs to Know As the workforce landscape continues to evolve in Australia, it is critical for businesses to stay updated on essential employee rights, including sick pay entitlements. The Sick Pay Guarantee is an important initiative that affects many employees and businesses across the country. [...]
As Australia navigates the complexities of its economic landscape, one significant component that affects every business is the minimum wage. The Fair Work Commission (FWC) has announced the minimum wage changes for 2024, impacting various sectors across the country. At Ample Finance, we understand that staying informed about these changes is crucial [...]
Introduction Navigating the complexities of employment legislation can be challenging for both employers and employees in Australia. One essential document that plays a vital role in the transition from one job to another is the Employment Separation Certificate (ESC). This guide aims to clarify the purpose and significance of the ESC and provide [...]
Welcome to Ample Finance! As a new employer in Australia, navigating the complexities of the payroll system can be daunting. One essential aspect you’ll encounter is the PAYG (Pay As You Go) withholding tax. This guide aims to provide you with a clear understanding of PAYG withholding deductions, helping you fulfill your obligations [...]
At Ample Finance, we understand that managing cash flow is critical for your business’s success. One effective strategy that can significantly benefit your financial operations is requesting a PAYG (Pay As You Go) withholding variation. This adjustment allows businesses to have more control over their cash flow and tax obligations. In this article, [...]
How to Calculate PAYG Withholding Deductions Accurately: A Step-by-Step Guide for Ample Finance Clients At Ample Finance, we understand that navigating the complexities of payroll and taxation can be challenging for many businesses in Australia. One of the essential components of payroll processing is the calculation of Pay As You Go (PAYG) withholding [...]
At Ample Finance, we understand that payroll compliance is a fundamental component of running a successful business in Australia. Navigating the complex landscape of payroll legislation can be overwhelming, especially for small and medium enterprises. This guide aims to clarify the essential aspects of payroll compliance, ensuring that Australian businesses can meet their [...]
Introduction In the evolving landscape of business management, keeping up with compliance requirements is crucial for all Australian businesses. One of the most significant developments in recent years is the implementation of Single Touch Payroll (STP). Designed to streamline payroll reporting and make life easier for both employers and employees, STP has become [...]
In today’s fast-paced business landscape, maintaining financial clarity is paramount for success. For many Australian businesses, the pathway to achieving this clarity often involves professional bookkeeping services. At Ample Finance, we recognize that effective bookkeeping is not just about balancing the books; it’s about unlocking opportunities for growth and sustainability. Here, we explore [...]
In the fast-paced world of finance, having the right tools is essential for accounting firms to thrive. For Ample Finance, an emerging Australian accounting firm, choosing the best accounting software is a pivotal decision that can significantly enhance efficiency, client satisfaction, and profitability. With a range of options in the Australian market, this [...]
Smaller employers with less than 19 employees will need to start reporting their payroll data via Single Touch Payroll (STP) by 1 July 2019. That’s not far away and if this affects you, you need to start getting ready now! Don’t panic though, Ample Finance are here to help and to that end, we have prepared a “Get ready for Single Touch Payroll” checklist to assist you.
2018 Annual Wage Review The Fair Work Commission has handed down its 2018 Annual Wage Review decision. The Fair Work Commission has announced a 3.5% increase to minimum wages. The new national minimum wage will be $719.20 per week or $18.93 per hour. The increase applies from the first full pay period starting on or [...]
Happy New Financial Year! Fair Work Commission has increased the national minimum wage to $17.29 per hour or $656.90 per 38 hour week (before tax).