Australian medium-sized companies often find themselves at a crossroads when it comes to accessing the capital needed for expansion. The Australian Business Growth Fund (ABGF)
Payroll Services
Simplify your employee and fiscal responsibilities with our payroll services.
We’ll ensure that staff and tax obligations are met accurately and on time.
ALLEVI8 Your Payroll Pains
Allevi8
At Allevi8HQ, we understand how overwhelming payroll can be. There are complex compliance laws and jargon to deal with and depending on the nature of your business operations, payroll can also be a very time-consuming task.
Our goal is to ALLEVI8 this pain for you. We offer precise and timely payroll preparation and lodgement services to help ease the pressure. With our team of payroll accountants, we ensure that you stay compliant with regulations and tax laws.
As an experienced payroll company we can assist you with payroll registration, calculating employee wages, salaries, bonuses, and commissions, or deducting taxes, superannuation and other benefits.
Let us handle this area of your business for you so you can focus on growth.
Streamline Payroll With These Services
We provide comprehensive payroll services for businesses of all sizes in Australia. We can help you efficiently manage your financial and accounting operations. Our services can be tailored to meet the unique needs of each client.
Payroll Tax
Registration
We assist with payroll registration and ensure that you are compliant with the relevant thresholds.
Payroll Compliance
Accurate calculations of employees wages, salaries, bonuses, commissions, deductions, superannuation, or other benefits.
Payslip Preparation
We keep accurate and up-to-date payroll records and ensure your employees are paid correctly and on time.
Payroll Software
Cloud technology makes payroll simpler and can record employee information, time sheets, and leave balances.
With your payroll under control, turn your attention to actions that will spark growth in your business. With our range of advisory and mentoring services we can COLLABOR8 with you in the areas you need support.
Enquire About Our Payroll Services
Allevi8HQ is run by Jag Olak, an
experienced business accountant in Brisbane with more than 20 years of experience.
He is a qualified Chartered Accountant and business advisor. Chat to Jag today!
Reach out and let us know how Jag and the team can help you with our payroll services.
Send through the form or shoot us an email.
Why Choose Allevi8HQ
Allevi8HQ is a unique accounting firm in Australia that offers comprehensive support for all your business financial needs.
With over 20 years of experience, we have been working collaboratively with business owners to achieve the best possible outcomes for their assets.
Our team utilises modern accounting software to deliver all payroll services. Additionally, our highly experienced team can provide support through every stage of a business’s life cycle, from start-up to sale, turnaround to restructuring. At every point along the business journey, we are here to guide and assist you.
- We act with integrity
- We are accountable
- We execute on our promises
Benefits Of Working With A Payroll Accountant
Collaborating with the payroll accountants at ALLEVI8HQ can offer numerous advantages, such as meeting tax regulations, time efficiency, access to specialized skills and better management of cash flow.
- Compliance: Outsourcing payroll services ensures that your business is compliant with all relevant tax laws and regulations.
- Access to technology: Our payroll accountants have access to advanced cloud based software allowing for efficiency and accuracy.
- Time-saving: Outsourcing can free up valuable time and resources, allowing you to focus on other aspects of your business.
- Expertise: Get access to specialised expertise and knowledge.
- Accuracy: Ensure that your employees are paid accurately and on time, reducing errors and delays.
- Cost-effective: Outsourcing payroll is more cost-effective than hiring an in-house payroll team.
FAQs
Answers to some of the common questions about payroll services. If you’re still sitting with questions, get in touch with us.
Single Touch Payroll (STP) is a payroll reporting system introduced by the Australian Taxation Office (ATO) in 2018. It is a digital system that enables employers to report their employees’ payroll information, including their salaries, wages, superannuation contributions, and PAYG withholding, to the ATO in real-time or on the same day they are paid.
Employers or groups of employers who pay $6.5 million or less in Australian taxable wages are subject to a payroll tax rate of 4.75%. For those who pay more than $6.5 million in Australian taxable wages, the payroll tax rate is 4.95%.
Every employee is assigned a distinct payroll number, which is used to manage their wages and salary. The payroll number is usually linked to the employee’s name and can be located on their payslip, a document that outlines the amount an employee has earned.
In Queensland, payroll tax is assessed based on the amount of wages paid by an employer on a monthly basis. This includes various forms of compensation such as contractor payments, salaries, director and management remuneration, fringe benefits, commissions, superannuation, bonuses, allowances, and employee termination payments.
The payroll tax rate in Queensland is determined by the total amount of taxable wages paid by the employer. The threshold for payroll tax in Queensland is $25,000 weekly, with a monthly threshold of $108,333 or $1,300,000 annually.
If an employer pays over $6.5 million in taxable wages, the payroll tax rate is 4.95%. For those who pay less than $6.5 million in taxable wages, the payroll tax rate is 4.75%.
The following types of payments are subject to payroll tax:
- Wages, salary, commission, bonuses, allowances, or other benefits
- Superannuation contributions
- Contractor payments
- Directors’ fees
- Payments to employees such as accrued annual leave or cash payouts for termination
- Value in kind payments
- Payments to employment agencies
- Fringe benefits
- Wages paid to sick or injured staff
- Employer contributions to employee share schemes
- Salary sacrifice arrangements
- Portable long service leave fund contributions
- Certain allowances and reimbursements for expenses.
The following types of payments are not subject to payroll tax:
- Paid maternity, adoption, or primary care giver leave
- Paid parental leave
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