Tip No. 9: Keep Accurate and Timely Payroll Records
If you employ staff then there are a number of obligations on the employer to withhold and pay income tax, work cover, superannuation, various types of leave and allowances.
There are a number of privacy issues that need to be observed to safeguard employees rights and make sure that accurate records are being kept of their entitlements. Your staff are your most important asset and it is important that they are looked after and rewarded for their efforts.
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