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The Strategic Imperative: Why Value Takes Center Stage in Small Businesses

March 4, 2024

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“Navigating Business Success: The Role of Stress-Free Bookkeeping”

February 26, 2024

Maximizing Retirement Savings by Selling Your Business: Leveraging CGT Concessions

February 20, 2024

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Level 10, 401 Docklands
Dr Docklands, VIC 3008
info@accountsnextgen.com.au
1300 NXT GEN (698 436) (24x7)
9Am to 9Pm
Monday to Saturday

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NextGen’s bookkeeping service is automated, fast, streamlined, and efficient. Our bookkeepers can handle your company on-site or remotely. Hush the worries that bookkeeping gave you and have panic-free sleep with our accommodation.

Payroll Service

Payroll is the total of all compensation that a company must pay to its employees over a specific time period or on a specific date. It is typically administered by a company’s accounting or human resources department.

It is a time-consuming task that includes everything from timesheets to the preparation of pay slips and the payment of salaries and superannuation. Payroll administration can be difficult to keep track of, especially with tax rates increasing every year.

Are you tired of the hassle of accruing and recording annual and sick leave?

Do you prefer to spend time growing your business and developing employee and customer relationships?

Are you looking for a cost saving service that keeps your company compliant with all relevant legislation?

The solution is here.

NextGen Payroll Services ensures that your payroll is completed on time and accurately.

Some payroll services we offer :

01.Payroll Processing:

Payroll processing entails rewarding employees for their efforts. Calculating total wage earnings, withholding deductions, paying payroll taxes, and delivering payments are all part of the job. Payroll processing is a critical corporate operation that involves calculating employees' net pay after applicable taxes and deductions are done.

02.Payroll Tax Returns:

This includes wages, gross salary, incentives, and any other type of remuneration offered to employees. A payroll tax is a tax that is withheld, imposed, or levied on an employer's payroll. This includes all gross salaries, wages, incentives, or other kinds of remuneration paid to employees.

03. Work Cover Application and Renew:

It is a type of insurance payment made to employees if they are hurt at work or become ill as a result of their work. It covers employees' wages when they are unable to work, medical costs and recovery.

04.Super Reconciliation:

Reconciling payroll and superannuation before to BAS and the end of the year is critical to verify that the financials and payroll reports reflect the superannuation that has been registered and paid.

05.STP Reporting:

Single Touch Payroll (STP) is an Australian Government project that aims to decrease employers' reporting obligations to government agencies. When you pay employees using STP-enabled software, you report their payroll information to ATO. Payroll data includes the following wages and salaries, withholding on a pay-as-you-go (PAYG) basis and superannuation. Under annual STP review we'll submit the details of Employee, superannuation payment , PAYG withholding amt.