Payroll What's New
The Commonwealth Government has announced a $130 billion Jobkeeper Payment program to keep people employed and to assist businesses affected by the coronavirus. The program will run from March 30th through to September 27th.
A number of changes have been made to the Wilmat Payroll software to manage Jobkeeper payments and to report those payments to the ATO via your Single Touch Payroll lodgements.
For further information regarding the changes to Wilmat Payroll please select Payroll / JobKeeper Pays from the website menu.
A change to allow your ATO Branch number to be included in the STP file, previously the ATO Branch number defaulted to Branch 1. A reporting listing the Standard Pays you have established for your employees and additional report formats provided for the Employee Listing have been added to the system.
New Tax Tables are available for the 2019 - 2020 year.
The Federal Budget did not result in any changes to tax rates or income thresholds for the 2019-20 income year. Changes announced to the low and middle income tax offsets were only in respect of the amount of that offset, and that is claimable when individuals lodge their income tax return.
The HELP/SSL/TSL tax tables will be renamed ‘Study and training support loans tax tables’. They will incorporate HELP, VSL, SFSS, SSL, ABSTUDY SSL and TSL. There will no longer be separate SFSS tax tables. These changes arise from the passing of the Sustainability and VSL Separation Bills in 2018.
Updates to implement the ATO's Single Touch Payroll are also included in the latest Payroll Update. Refer to the Payroll Help notes for detailed information about Single Touch Payroll and what you need to do to implement this new ATO requirement.
New Tax Tables are available for the 2018 - 2019 year.
A new Tax Table is available for Working Holiday Makers. The table applies to payments to individuals, including backpackers, who are working in Australia and hold a Working Holiday Maker Visa (subclass 417) or Work and Holiday Makers Visa (subclass 462) or a Bridging Visa.
The multiplier field in the payroll pay codes has been updated. The multiplier will be applied to the employees standard rate to calculate the pay code rate. The multiplier is used for various payments including time and a half, double time, sunday time and holiday leave loading.