EOFY Payroll Compliance: Business Builders

We know that the EOFY can be a stressful time for businesses.

Join Candour Solutions to learn more about essential payroll processes, checks and balances to ensure your employee income statements are correct for the 2024 Financial Year.

This workshop will provide valuable insights, practical strategies, and essential tools to ensure you can wrap up the financial year smoothly and set the stage for a successful new fiscal year.

During the workshop, we will cover:

Criminalisation of wage theft and paying your employees correctly

Single Touch Payroll (STP)

• STP 2 and why you need to report
• Key dates for STP finalisation, amendments and correcting errors
• Closely held employees
• Overview of the separate STP reporting categories
• STP Reporting when changing payroll systems during the year

Payroll checks and balances before finalising your payroll:

• STP and BAS Reporting and how they interlink
• Reconciling payroll against your general ledger
• Allowances and employee leave entitlements
• Superannuation and SGC Charge Statoments
• FBT, Lump Sums and Termination Payments
• ATO penalties and when they apply
• Minimum wage, super guarantee and payroll tax threshold increases from 1 July 2024
• Modern Awards and where to find them.

Register now and prepare your questions for the day.

See you there!