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Single Touch Payroll Phase 2: What to expect

Ascender

The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits. The next phase sees the reports moving away from Payment Summary Annual Rules (PSAR) and Payment Summaries for allowances and deductions to “Income Types.”

Payroll 70
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Are wages or salary fully covered by workers’ compensation insurance?

Workers' Compensation Perspectives

The formula for calculating net or spendable earnings may vary but is generally considered as Gross earnings less income taxes (state/federal/provincial) and other mandatory deductions. The National Commission on State Workmen’s Compensation Laws (1972) recommended a compensation rate moving to at least 80% of spendable earning s.

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Single Touch Payroll is getting a facelift

Ascender

The first phase of STP reporting included high-level data such as Gross, Tax, Allowances, Deductions, Lump Sums and Fringe Benefits. The next phase sees the reports moving away from Payment Summary Annual Rules (PSAR) and Payment Summaries for allowances and deductions to “Income Types.”

Payroll 40
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Maternity Leave in UAE

Bayzat

The UAE’s new maternity leave law mandates that female employees are entitled to a minimum of 45 days of fully paid maternity leave commencing from the date of delivery. However, the total duration of maternity leave can extend up to 90 days under certain circumstances.

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Workers’ Compensation: What’s payroll got to do with it?

Workers' Compensation Perspectives

A recent study of manufacturing hourly compensation demonstrated a similar pattern for the main components (social insurance, wages or salaries, and direct benefits) paid by employers in Canada and Australia: The main divisions of employer costs for employee compensation under the BLS study are wages or salaries and benefits.

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Employment law changes to watch in 2021

Insperity

Due to COVID-19, the Equal Employment Opportunity Commission (EEOC) in 2020 waived its requirement that private sector employers submit EEO-1 data. California, Colorado, Connecticut, Maine, Massachusetts, and New York all have updated or new leave laws, each with its own details and requirements. California. Connecticut.

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2nd COVID-19 Relief Bill Includes Many Other Changes 2021 & 2022!

Fringe Benefit Analysts

Families First Coronavirus Response Act (FFCRA) passed early in 2020 enacted a temporary Paid Leave Act (EPSL) as an extension of the Family Medical Leave Act (FMLA). You can still receive the Tax Credit as it applies, but it remains with only two weeks of paid leave through both years.