With 30 June fast approaching, now is the time to ensure your payroll house is in order.
Payment Summaries (group certificates) are required to be sent out to employees by the 14th of July. This doesn’t give you much time to work through any complications that may arise, especially if you have other year-end accounting duties to take care of.
You should start thinking about the following:
As you can see there is a lot to be thinking about and I guarantee you it is a much easier (not to mention less stressful) to have these things sorted before the end of financial year.
Work out a plan, tick tasks off as you go and it won’t be too bad. It might even be fun.
If you’re not sure, it pays to seek advice. No-one likes to get a please explain letter from the ATO.
At Swift Payroll we offer cost effective payroll services in Bendigo, Melbourne and all major Australian cities based on your business requirement. Call 1300 76 22 43 to have a chat with our expert team.