Why do I need a payroll company?

Payroll, Payroll management, contractor payroll, pay, salary sacrifice, payroll management, canberra payroll company, bankit

You have just landed a role through a recruitment company and they asked you if you would like to be paid through them or use a payroll company? Well, here are six great reasons to use a payroll company: 1. Financial Management: Having the same company paying you throughout your contracting life provides you with […]

Tax time during a pandemic

The Covid 19 pandemic has thrown up challenges for employees and employers alike. One massive shift in the normal work environment has been the forced shift to working from home (WFH). This change has been recognised by the ATO and they have issued guidance recognising this shift to WFH and as a result they have […]

Drive away in your dream car with Salary Sacrificing

Salary sacrificing is one of the smartest ways to finance and purchase your new car. At PayMe, we’ve made the process easy with our exclusive partnership with Alliance Leasing. The partnership between you, your employer and our leasing company mean the process is simple and straightforward for setting up your salary sacrifice. Upon finding and settling […]

Make the most out of your 2019-20 tax return

You don’t need to wait until 30 June to start preparing for tax time. There are things you can do today that will make life easier and ensure you are ready for your tax return. Superannuation – adding to your superannuation fund directly from your gross (pre-tax) salary can be an easy and tax effective way […]

7 steps to a stress-free workplace

If you’ve held a job then chances are you have, at some point, felt the pressure of work-related stress. In the short-term, stress, can in-fact help performance as your challenge response to the situation gives you an energy surge and boosts your ability to perform under pressure. In the long-term, however, stress can have a greater impact […]

No Holiday Leave?? Problem solved with BankITâ„¢

Contractors, no paid leave this Australia Day? Tired of always being the one working over the holiday period or having a reduced pay packet when you do take time off? Well now you can be paid on leave with PayMe’s unique BankITâ„¢ arrangement. For example if you worked over your standard hours for your pay […]

Amendment to Tax Rate from 01 October…

The ATO has issued new PAYG withholding tax schedules to reflect the lower personal tax rate. Changes will increase the middle income tax bracket from $80,000 to $87,000. The rate will now be 32.5% instead of 37%. Employers will be required to lower the amount of tax withheld for affected taxpayers effective from 1 October […]

Changes to Super are coming.

From 1 July 2017 Individuals with an adjusted taxable income above $250,000 will pay an additional 15% tax on contributions that aren’t in excess of their annual superannuation contribution cap. Additionally, the mandatory super contributions cap will be lowered to $25,000 for all individuals. (They are currently $30,000 for those under age 50; $35,000 for […]

Canberra raises the Bar

ANDREW Barr says the 2016/17 ACT Budget will provide further support for Canberra businesses by lifting the payroll tax threshold to $2 million. ?This latest change means that any Canberra business that generates less than $2 million per year will be exempt from payroll tax,? Andrew said. ?This means about 40 local businesses will no […]

Alliance Leasing Pty Ltd appointed to QLD Government novated leasing panel

Alliance Leasing Pty Ltd has recently been appointed to the Queensland Government novated leasing panel. An Australian owned and operated company, Alliance Leasing will provide novated leasing services to Queensland Government employees from November 7, 2016. Since winning a Telstra Business Award in 2015, the organisation has relocated its head office to Creek Street in […]