Talking Cents
December November October September August July June May April March February |
Small business employer obligations to employeesOne of the key elements to any small business is employing the right staff and then keeping them. As a small business employer, there are many obligations that must be met to ensure that you are compliant with the law which will help you in providing a safe and productive work environment. Some of these are: · Ensuring that any employees that are covered by an award are paid the correct rates of pay according to that award. · Ensuring a safe work environment. This will lead to less injuries and a more productive work place. · Making sure the correct amounts of PAYG Withholding are withheld from employee wages and then remitted to the ATO on time. · Making sure compulsory superannuation payments are made on time to complying superannuation funds. · Having all employees complete TFN declaration forms and then ensuring that these forms are submitted to the ATO promptly. · Making sure that an appropriate workers compensation policy is in place to protect your staff in the event of injury. · Finally, ensure that you keep all employee records for a minimum of seven years to satisfy the law and protect your business in the event of any disputes. Employees are your best asset, so you need to look after them!!!
|