Paid Parental Leave
From 1 July 2011, employers will be responsible for providing parental leave pay to eligible employees who have, or adopt, a child. Centrelink will contact you if you are required to provide parental leave pay to an employee, and will provide you with the required funds before you need to pay your employee.
You will need to withhold the usual PAYG tax. However, you don’t have to pay super on parental leave pay, so it will need to be separated from other amounts that attract a super guarantee liability.
You don’t have to change your employee’s usual pay cycle, set up any special bank accounts or report back to Centrelink. Costs incurred in administering the scheme will be tax deductible.
It’s also important to note that parental leave pay does not increase your payroll tax liabilities or workers compensation premium liabilities.
For more information:
? about the Paid Parental Leave scheme including an Employer Toolkit, visit http://www.centrelink.gov.au
? about registering for Centrelink business online services, visit http://www.centrelink.gov.au
? employers can phone 13 11 58
? employees/parents can phone 13 61 50.
What our clients are saying...
I got to know Sophie through my previous employer where Sophie still handles the bookkeeping side of things. While we worked together I have found Sophie very accurate, punctual and very pleasant to work with. And recommend her highly.
The Accounts Studio
2017-10-13T09:55:05+11:00
Dianna Holwerda
Client Service Manager, John Sergeant Associates Pty Ltd
http://www.accountsstudio.com.au/testimonial-archive/6027/
I was recommended to The Accounts Studio at a networking event and have been working with them for the last 2 years. The team have all been very approachable and available – two things essential when it comes to understanding your accounts! I now no longer have the stress every three months of getting my BAS correct and even better I have a clear understanding of where my company is financially! Thanks Sophie and TAS team!
The Accounts Studio
2017-10-13T04:16:02+11:00
Eleni Mitakos
Galmatic Pty Ltd
http://www.accountsstudio.com.au/testimonial-archive/5382/
I have really enjoyed working with you guys and look forward to a successful 2013. From the moment we started with TAS I have seen value. The figures are accurate, you are accessible (and approachable!) and most of all – you are cool people!
The Accounts Studio
2017-10-13T04:20:03+11:00
Chris Du Plessis
Managing Director, Origin Meat Pty Ltd
http://www.accountsstudio.com.au/testimonial-archive/5383/
"Sophie is so professional – careful, attentive and punctual – she has made managing my accounts not just easier, but a whole lot less stressful"
The Accounts Studio
2017-10-13T04:23:15+11:00
Fast Ed
TV Chef from Better Homes & Gardens
http://www.accountsstudio.com.au/testimonial-archive/5386/
Sophie has been a tremendous support and guiding light for my business. I have continually succeeded when acting on her advice and by using her services. Her products are fantastic and her ideas and accuracy is out of this world. I would never hesitate to recommend Sophie’s services and I would invite anyone to contact me for a referral.
The Accounts Studio
2017-10-13T09:21:50+11:00
Belinda Grundy
GM, Property Styling Online and BG Property Styling
http://www.accountsstudio.com.au/testimonial-archive/6006/
Sophie has the spirit of the Entrepreneurial Business Owner! Whether she is running a successful single family website, creating a product for small business owners or running her own bookkeeping agency she is always right on track as to what small business needs. If you want to speak to someone who not only knows what business owners are going through-she also does something about it- then don’t miss out, connect with Sophie! She is someone who can not only think outside the square- she has true strategic thinking; which is often spoken about but is rarely truly placed into action.
The Accounts Studio
2017-10-13T09:25:16+11:00
Sue Heins
Councillor at Warringah Council
http://www.accountsstudio.com.au/testimonial-archive/6008/
Sophie is an amazing business woman. She is able to take the complexities of business and break them into manageable pieces for small and home based business owners to work with. She’s clever, creative, supportive and very generous. She’s the reason that so many small businesses are doing so well. If yours is a small or home based business then Sophie is someone you need to know.
The Accounts Studio
2017-10-13T09:26:35+11:00
Anne Maybus
Writer and Content Creator, Clever Streak
http://www.accountsstudio.com.au/testimonial-archive/6010/
Sophie is efficient, direct and gets the job done. She responds quickly, keeps me updated and has a way of simplifying things and making my life easier. She is all about efficiency and that’s what makes it great to work with her, I highly recommend her to anyone who wants someone to efficiently look after their books and she is great value for money too.
The Accounts Studio
2017-10-13T09:28:24+11:00
Adam Dobson
Strategic Resourcing Manager
http://www.accountsstudio.com.au/testimonial-archive/6012/
I’d been stalking Sophie for a while since I saw some of the great work she did at Ideas Book. What she’s up to at the SOHO Agency is equally impressive and I’m delighted to have someone working in this space who I feel so confident referring onto others. Keep being brilliant Sophie!
The Accounts Studio
2017-10-13T09:30:45+11:00
Robert Gerrish
Founder and Director, Flying Solo
http://www.accountsstudio.com.au/testimonial-archive/6014/
Sophie is an incredibly savvy business owner, for whom I have great respect. She has always been very clear and detailed in her instructions, is always very focused on her business objectives, and displays a business model that you can aspire to as a small business owner. I have no hesitation is recommending her work at The Accounts Studio.
The Accounts Studio
2017-10-13T09:30:59+11:00
Kristy Smith
Director, Virtual Elves Outsourcing Solutions
http://www.accountsstudio.com.au/testimonial-archive/6015/
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The Accounts Studio