Employer Obligations and Advice

Author: Duncan Warnock CPA | April, 2014

As a small business owner the decision to employ or contract your first worker or subsequent worker is often an exciting milestone in the journey of your business. As well as enjoying this milestone it is also very important that you fulfil your employer obligations.

1. Employee vs. Contractor

Its important to determine whether your worker is a employee or contractor as it impacts your tax and superannuation obligations

2. Taxation obligations

There is a number of taxation obligations for an employer. This includes obligations such as PAYG Withholding registration, record keeping, calculating the amount of PAYG tax to withhold and reporting.

3. Superannuation obligations

There is a number of superannuation obligations for an employer.  This includes obligations such as determining eligibility for super, establishing a default super fund for workers and paying superannuation.
To learn more about employer obligations and responsibilities, contact us to arrange a meeting with Duncan Warnock CPA from the Warnock Accounting Maribyrnong office.