Payroll in Xero updated for EOFY Australia
Some things should be easy and stress free. And now they are, for EOFY Australia.
With the end of financial year approaching we have released an update to Payroll. We’re also holding free training sessions online and in our Melbourne and Sydney offices to get you ready and give you an opportunity to ask any questions. Book now before space runs out.
EOFY processing now easier
With an all-new design with all-new features our goal with Payment Summaries was to make this important activity simpler, more useful and dare I say it, more enjoyable. Creation and printing in bulk, sending to all your employees at once via email, capturing workplace giving and union/association fees, creation of amended payment summaries both on the employee copy and the ATO file are some of the great new features you will find today. Watch the video below or read our help to find out more.
Also with the change to the SGC rate from 9% to 9.25% coming from July 1st we wanted to take the pain out of updating your employees. Moving employees to the new statutory rate has been automatically taken care for you so you don’t have to do anything. Great news.
And your tax tables have been updated as we do every year, automatically.
Using Auto Super?
If you are using Auto Super in Payroll, the last business day of the financial year is on Friday, 28th June. To ensure your super payments are processed and funds remitted within the 2013 financial year, you must have your super batches submitted and approved before 1pm (AEST), Friday 21st June.
In the building and construction industry?
If your business pays contractors for building and construction services, you need to report these payments to the ATO on a Taxable payments annual report. Now you can easily identify reportable transactions and create the electronic annual report data file.
With the updates available this week, not only is the product more capable, you are, too.
If you like what you see and haven’t yet made the switch to Xero check out our conversion partners to start the new financial year on the right foot.
For full details please check out our release notes.