eInvoicing How to use eInvoicing to exchange invoices directly between suppliers’ and buyers’ software. What is eInvoicing? About eInvoicing and how your business can benefit from its use. eInvoicing for businesses How to get started with eInvoicing and work with your trading partners for a smooth transition. eInvoicing for tax professionals and business advisers How to support your clients in getting started with eInvoicing and enhancing your clients’ digital capability. eInvoicing for government How all levels of government are adopting Peppol eInvoicing to help boost productivity across the economy. Peppol About the Peppol framework and how to identify Australian trade partners that are ready to receive eInvoices. eInvoicing news and resources Keep up to date with the latest eInvoicing information and...
Xero Employee Onboarding with Xonboard Xonboard is an employee onboarding solution integrated with Xero payroll to streamline and automate the process. With Xonboard, employers and accounting firms can onboard new hires in one click without the hassle of paper forms, manual data entry, or back-and-forth communications. Employee Onboarding Steps The employee onboarding process collects all the details required to start paying your new employee. These details are all imported into Xero Payroll, ready to complete your payrun. Employee’s Personal & Contact Details Emergency Contact Details Tax Details (TFN Declaration) Bank Account Details Super Choice Form Presented Fair Work Statement (if...
Over recent months, we’ve been keeping you updated on Xero’s Single Touch Payroll Phase 2 roll out. This will see your business build on its existing STP reporting to share more information with the ATO and other government agencies whenever you process a pay run. And now, we’re pleased to announce that all three stages of the roll out are available, meaning you can get your payroll data STP Phase 2 ready today. Not sure where to start? Don’t worry – we’ve compiled all the information you need below. What’s more, your advisor is always there for support, so be sure to reach out if you need further guidance.Xero’s STP Phase 2 reporting deferral is through to 31 March 2023, meaning Xero Payroll customers will have until the New Year to activate STP Phase 2. However, we strongly recommend getting your payroll data ready as soon as possible to stay ahead of this important compliance deadline. How to complete each step of your transition to STP Phase 2 in Xero To start your transition today, head on over to the STP Phase 2 Portal in Xero Payroll to progress through each of the following steps: Step one The first part of this process is transitioning your existing employee profiles to be STP Phase 2 compliant. This means providing new details, like whether they’re an employee or contractor. Step one also includes providing additional information when onboarding new employees to Xero Payroll. More information can be found here. Step two You’ll need to identify and update certain pay items with the new earnings categories defined by the ATO for STP Phase 2 reporting. This is...
We’re really excited to share that in the weeks ahead, we’re rolling out new functionality in the Xero Me mobile app that will let employees record their start, end and unpaid break times. This new feature will help you keep accurate payroll records and save time on manual processes such as chasing timesheets or reviewing information before doing payruns in Xero. It also helps with your record- keeping requirements as an Australian employer under the Fair Work Act 2009. Making employee management easy This new Xero Me feature is fast, easy to use and seamlessly connected with Xero Payroll. You’ll not only have visibility of the start, end and unpaid break times entered by employees, but you’ll also be able to easily view any employee notes added to time entries, for easy communication. Please note: there are no changes to the approval workflow for team manager roles processing timesheets for payruns on web or mobile. Here’s a handy infographic that you can share with your employees, to help them enter their start, end and break times in Xero Me. You can download the infographic here. Xero Me is included with every Xero Payroll subscription and is designed to make employee management easier for small businesses. It allows your employees to access payslips, submit and manage timesheets, leave requests and claim expenses – all in one place. Empowering your employees to self-serve these critical people tasks means less manual work for you, while helping to support a faster pay run. We’re working on some other exciting features for Xero Me and will keep you updated. As always, we’ll continue listening to the product ideas you’d like to see...
The rate of compulsory super that your employer pays you will rise to 10% from 1 July 2021. The Superannuation Guarantee (SG) is the minimum amount that an employer must pay into your super fund if you are an eligible employee. As of 1 July 2021, the SG will rise from 9.5% to 10% of your ordinary time earnings. Ordinary time earnings salary is generally what you earn for your ordinary hours of work, including commissions, shift loadings and allowances, but not overtime payments. Under the current legislated timetable, the SG rate rises to 10% on 1 July 2021 and then incrementally by 0.5% each financial year to 12% by 1 July 2025. As a result, employers need to update their payroll settings to reflect the 0.5% increase in the SG rate. More importantly, employers and employees will be required to consider the future impact of the increased SG costs. What will the effect be on employers and employees? The terms of existing and new salary packages will dictate the financial impact of the SG rate increase. For example:- Will the additional 0.5% SG contribution be added to the existing salary package (Therefore, no change to employee net pay)?ORWill the additional 0.5% SG contribution be incorporated into the existing salary package (Reduction to employee net pay)?Furthermore, it will be important to look into the relevant employee awards for the effect of the increase in the SG rate. DateSG Rate1 July 202110.0%1 July 202210.5%1 July 202311.0%1 July...
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