Payroll Q&A

I would be getting second opinions. Make investments and associated decisions purely based on their Tax benefits should be highly questioned and evaluated.

Does your accountant walk the talk and have full runs on the board and associated legal accreditations to give comprehensive investment advice?

Quickbooks Online has an excellent Payroll system included and is one of the most competitive in the market compared to other software options. 
The advantages of QBO's payroll

• Plus Version gives you up to 10 free staff and then a small fee per active staff thereafter
• WorkZone App for staff management  
• Easy to learn and automate
• Free quarterly Superannuation lodgement
• Single Touch Payroll compliant
• Submit ATO forms online
• Email and telephone support
• Timesheets

• Employee clock in / clock out
• Rostering
• Smart Award rate compliance

In short yes superannuation must be paid on a cash bonus as it would for other income formed the employee earns. Attached is a link to a good summary sheet regarding employee superannuation entitlements within Australia.

http://www.australiansuper.com/~/media/Files/FactSheets/Your%20super%20obligations.ashx

Hope this helps.

Regards Chris Nobbs - www.dirigogroup.com.au  

Hi Petra
1. Refer to this online reference by the ATO
https://www.business.gov.au/Risk-management/Emergency-management/Coronavirus-information-and-support-for-business/JobKeeper-Payment-for-employers-and-employees as given by Graham under "Eligible employees"

2. Subheading "Payment process"

3. yes - reimbursed week 1 in May 2020

4. Approach you bank for a short term loan is the advice being given.

Hope it helps

There is no "average" business in the current economic environment. Cost will depend on numerous factors.
in house bookkeeper or payroll clerk
Outsourced payroll sub-contractor / BAS Agent
Offshore bookkeeping firm
Outsourcing firm
Fixed price Accountant service inclusive of bookkeeping & payroll.

To difficult to respond as an "average"

Self Employed or small company owners can double dip on the concesssional contribution limit?
The taxpayer could have $25,000 concessional contributions made during the year, then make an additional $25,000 in June, enabling a $50k tax deduction.  $25k is allocated to the member in the current financial year, with the $25k in June taxed within the fund, but the allocation not occurring until the following financial year (before 28 July).  you need to be aware amounts to be held over for the 2013/14 year means you cannot make a further contribution next year unless you engage the same strategy. 
Talk to. SMSF Specialist about this strategy as they will have work wih your tax agent ad ATO's system not up to speed and tax agent will need to follow a procedure.