With the recent introduction of STP for all businesses, the need for robust payroll practices has become paramount for business of all sizes.

For this reason, Semmens & Co has now introduced Payroll Services to our suite.

We are dedicated to providing payroll services via a fully connected and cohesive payroll system.  The benefit is that the data flow from payroll to our tax and financial accounting processes are seamless and full integrated, ensuring the data transfer is timely and free of the manual interventions that cause errors.

Semmens & Co will work with your operational teams to understand your present payroll processes.  We use this data to ensure we provide you with the best possible service by being tuned-in to how you prefer to do business.  We then set-up the system to complement your payroll process.  Of course, if your businesses doesn’t have processes, we can provide them for you.

Semmens & Co will support you with a dedicated team which includes a payroll administrator who personally manages the process week on week, and assists with contract renewals, documentation and confirming award requirements.

The team is available any time during business hours to answer your queries. For after-hours access, your secure login to our online system provides complete transparency of income, transactions, super and taxation, as and when it is needed.

Semmens & Co can assist with:

• Payroll Services: including software, process and HR support, including:
  • System implementation, including set-up, software roll-out and hardware purchasing.
  • Employee engagement and training
  • Employee set-up
  • Award interpretation
  • Rostering
  • Time Sheeting
  • Payroll
  • Banking
  • Superannuation
  • Salary Sacrifice arrangements
  • HR representative to provide timely advice and guidance on the treatment of various employee scenarios
  • Single Touch Payroll (STP) reporting
• Taxable Payments Annual Report – The TPAR is the vehicle by which business communicates payments that are made to contractors for providing services. Some government entities also need to report the grants they have paid in a TPAR. The term Contractors can include subcontractors, consultants and independent contractors. They can be operating as sole traders (individuals), companies, partnerships or trusts. The details you need to report about each contractor are generally found on the invoice you should have received from them. This includes:
  • their Australian business number (ABN), if known
  • their name and address
  • gross amount you paid to them for the financial year (including any GST).
• Superannuation Contributions – Semmens & Co can manage the payment of your super contributions. We will monitor and reconcile payment summary reports with your payable requirements to ensure you pay exactly what you need to when needed.
• Banking – Semmens & Co can manage the banking transactions associated with payroll and management of ABA Files.

Our years of experience in the industry and dedicated personal service, ensure we are at the top of our game with one clear goal — getting the best financial result for you and your family.

Need help?  Call Semmens & Co for more information on 03 8320 0320.