Payroll & PAYG – Booxworx Group

PAYG TAXATION

Pay as you go (PAYG) is a system for businesses and individuals to pay installments of their expected tax liability on their income from employment, business, or investment for the current income year.

Managing PAYG can be a bit tricky. But here at Bookworx Group, we have all the right tools and knowledge to make sure you keep to all of your obligations as a business.

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PAYSLIPS & PAYMENT SUMMARIES

When the end of financial year approaches, there’s a few things that you need to prepare which can really put a strain on your business. Why not let us take some of that pressure off.

Bookworx Group can help you and your business by providing the weekly/fortnightly payslips for your employees, as well as manage and prepare group certificates for their tax at the end of the year.

MANAGING YOUR PAYSLIPS

Let us take some of the stress out your weekly business reporting requirements. Bookworm Group can handle all your payslips including emailing them out to your staff and making sure that they are always on time

PAYMENT SUMMARIES

The end of financial year is a stressful time for any business. And if you have many staff you can be preparing for weeks coming up to it. We can help by managing your Payment Summaries and getting them out in the required legislated time frames to all of your staff and contractors.

SUPERANNUATION PAYMENTS

We’ll help with all the leg work in; when you need to pay super; how much super to day; offering choices of superfunds if required; calculations of Ordinary Time Earning (OTE); and salary sacrificing.

COLLECTING TAX

As you know, you have an obligation to collect the tax from your employees pay packets for the Tax Office, and have it prepared for your statements. Bookworx Group will assist in making sure these are all correct, up to date, and on time.

EXPENSES FOR EMPLOYEES

Do you have sales reps or employees who are eligible to claim back expenses as part of their salary? Let Bookworx Group manage and assist in the receipt collection, reporting and payments with your employees wages to streamline the process for you.

REPORTING

Of course, with every expense, claim, salary sacrifice, wage and all your other accounts obligations, you will need to see some reports so that you know whats going on! Bookworx Group will make sure that you get these in a timely manner and in a format that you can easily read so that you know where your business is at any point in time.