OAS Australia

Did you know that from 1 January 2025, employers who intentionally underpay their staff could face criminal prosecution?

To help small businesses navigate these changes, the Fair Work Ombudsman has released a guide to paying employees correctly. The Voluntary Small Business Wage Compliance Code is designed for businesses with fewer than 15 employees, offering practical advice on compliance and protections under the Code.

It’s a great resource for small business owners to ensure their teams are paid fairly while protecting their business.

Find out how the Code can help you today. https://www.oasaustralia.com.au/news/2025/1/13/payroll-update-for-small-business-owners

We're back today, after a short, well-earned break the team are refreshed and ready to welcome the new year with you.

Contact us for all of your bookkeeping, payroll and HR needs in 2024:
https://www.oasaustralia.com.au/contact

Our team are taking a short break from tomorrow. Our office will be closed from 12noon Friday 20 December 2024 and will reopen on Thursday 2 January 2025.

We wish all of our clients, staff and community a very Merry Christmas and safe and Happy New Year.

🌟 EXCITING NEWS 🌟

We are thrilled to have won the Professional Services category award at the Coffs Coast Business Awards on Friday night.

A testament to our team who have undergone multiple organisational and operational changes over the last two years. We are proud to have introduced a new service offering in HR and made significant improvements in our service delivery for Bookkeeping and Payroll services.

Congratulations to all of the finalists & winners on the night!

Our team are proud to support local organisations committed to helping others in the community. We recently dropped off a box of donations collected by the team to Pete’s Place.

Pete’s Place is run by St Vincent de Paul and is a drop-in service for people experiencing, or at risk of homelessness.

Great work team!

The ATO recommends that businesses use digital record keeping where possible, particularly as they are moving towards digital reporting for tax and super.

Keeping digital records will make some tasks easier and save you time once you have your system set up. The ATO will accept electronic images of paper records, where the copies are a true and clear reproduction of the original paper record.

Our team can help set you up with a digital solution.

We are all very excited to be a finalist in the Professional Services category in the Coffs Harbour Chamber Awards being held this Friday night.

Appropriate storage and backup of your digital or paper records is important, as well as storing them in a way that prevents damage or change.

Whether you have digital or paper records, always ensure you have a backup – this may include secure off-site storage, or digital cloud storage.

Digital records must also be on a computer or device that you have:
* Access to (including all passwords).
* Backed up in case of computer failure.
* Control the information on (the information you process, enter and send).

Every employer must pay their employee’s superannuation, and it’s important that you set up your business correctly from the outset.

Employees may choose for you to make payments into a chosen/existing super fund, however where no super fund has been chosen, you can contribute their super to a default super fund that you set up.

The 5 steps you must take to set up your business so you can pay your employees' super:

1. Select your default super fund.
2. Offer employees a choice of super fund and keep records that show you've done this.
3. Request your employee’s stapled super fund details if they do not make a choice.
4. Provide employees' TFNs to their funds.
5. Set up your systems to pay super contributions electronically to the right fund.

Our team can help. Contact us to discuss how we can help you.

Payroll compliance means ensuring that your business meets all the legal requirements for paying your employees, including:

* Correctly calculating wages and superannuation (based on most recent Modern Awards).
* Providing accurate payslips.
* Withholding the right amount of tax.
* Reporting to the Australian Taxation Office (ATO).
* Complying with Fair Work Australia standards.

Our team can help. Contact us to find out more.

We will remember them.

Good information in preparationfor the holiday season!

Over the next few weeks job ads for Christmas casuals will start to go up. If you’re thinking about a holiday job, it’s important to understand your rights and entitlements.

We’re running a webinar to help. We’ll be covering:
• pay rates
• public holiday entitlements
• answers to other common questions we get.

Register here: https://register.gotowebinar.com/register/3940631422918442840