Question

What do you need to consider when providing payroll data to payroll processor for calculation within designated timelines? You will need to include a brief explanation on each of the elements e.g. Prepare a payroll register; Key organisational timelines; Fringe benefits tax; Other payroll deadlines including ATO, TFN declaration, PAYG withholding; Employment termination payments; Employer superannuation contributions; and Business Activity statement (BAS).

Answer 1

Point to be considered : To complete the task by such payroll processor we have to consider following for calculation with in designated timelines :

(a) all data in arranged and automated calculation manner

(b) used head wise data and date wise attendance sheet

(C) used checked and audited figures

1. ready to prepare payroll register with accurate data in this use excel / programmed sheets

2. using key organisational timelines as suppose 3 is last date to process submit before 3 as a cut off date.

3. fringe benefit tax , these are part of taxes that is leveid on conveyance, teleponone usage etc so manage in a designated manner

4. othe payroll deadlines including ATO it means extra prepration and extra work with automation formulation is to be done

5. TFN Declaration which is a very important part is to be done while submitting whole data,

6. Full n final or say employee termination will used to calculate while preprating such data

7. PayG which is in form of extra benefit is to be calucated to reach the figures.

8. Employer superannuation contributions calculation along with business activity statment which is supportive and important

part of employement is calculalted using proper methods.

so all theses are points to be considered while processilng payroll on time lines .