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Single Touch Payroll Reporting

The fine tuning of Single Touch Payroll is now endeavouring to disguise family violence
leave.

.

If an employee has taken a period of paid Family and Domestic Violence Leave (FDVL), employers should record this on their pay slip in a way that makes the pay slip look as close as possible to how it would have looked if the employee had not taken the leave.
 
FDVL must be reported in STP to align with how you would ordinarily show these amounts on the employee's payslip if they had worked, as:
 
  • part of gross as an employee’s ordinary hours of work or;
  • a payment made in relation to the performance of the employee’s work, including (but not limited to) an allowance, bonus or a payment of overtime or;
  • upon request by the employee, as an amount paid for taking a period of some type of leave (other than a period of paid family and domestic violence leave).

Super guarantee obligations still applies as ordinary times earnings.

Latest Accounting News

Tax Specialists

We specialize in providing proactive tax planning strategies for our clients. High earning individuals and business clients can benefit by speaking to one of our tax advisors.

Bookkeeping

Good, fundamental book keeping will ensure that your accounts are up to date and give you proper control of your business. With over 85% of business failure attributed to poor financial control, skilled and professional bookkeeping will give you results that speak for themselves.

Superannuation Planning

Taking the time to plan for your future makes good financial sense. Ensure you have the money to live the lifestyle you'd like during your retirement.

Investment Properties

Preparation of negative gearing tax schedules for all investment properties. Including Depreciation Calculations and Special Building Write offs.