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The Australian Taxation Office and Fair Work Ombudsman have recently been targeting farms and agribusinesses with employees, as the agricultural industry has been seen as having a track record of incomplete or inaccurate payroll records.
Additionally, many business owners (not just farmers) can struggle to stay up to date with the frequent changes in Australian payroll laws and the relevant modern awards used in the industry.
Many digital payroll solutions can help with payroll compliance and accurate record keeping. There is a range from simple, low-cost solutions to sophisticated human resource management apps. Once you are connected with a digital payroll app, staying abreast of the changing rules will be much easier as these changes are included in regular software updates.
While reliable internet can be a problem in regional areas, getting a digital payroll solution that you can use on a computer or mobile phone can dramatically reduce the administration workload of maintaining payroll.
Once systems are set up, there are many benefits to using a digital system:
If it’s time to upgrade your payroll systems,we can help set you up with the right digital system for your farm or agribusiness so you can spend less time dealing with paper and spreadsheets! Please get in touch with your WDF team member on 6921 5444.
WDF Accounting and Advisory | Accountants Wagga | Your partners in business
Providing carefully tailored accounting solutions in business advisory, tax compliance, bookkeeping, Self-Managed Super funds, and more.
In honor of Scam Awareness Week, please find five tips and resources to help you, and your small business stay vigilant against scams and boost your cybersecurity. Read More…
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Opting for a self-managed superannuation fund (SMSF) may give you more control over your investment strategy and allow you to be more agile as a fund in the market Read More…