Employer Obligations
As an employer you must adhear to the following guidelines.
Pay correct wages
Reimburse your employee for work-related expenses
Ensure a safe working environment
Not act in a way that damages the trust and confidence necessary for an employment relationship
Forward PAYE tax instalments to the Australian Tax Office
Make appropriate payment under the Superannuation Guarantee legislation
WITHHOLDING TAX
Pay As You Go (PAYG) withholding is a legal requirement to withhold amounts for income tax purposes. You are required to withhold tax from payments you make to your employee. As a new employer, you must register with the Australian Tax Office prior to withholding any payments to employees. The Ato requires that you send all withheld amounts to the tax office.
DOMESTIC WORKERS COMPENSATION
You are required to take out Domestic Workers compensation insurance if you are employing someone in your home environment. This covers you in the unfortunate circumstance of the carer injuring themselves whilst in your home and can be obtained for approximately $40 per year from most insurance companies.
SUPERANNUATION
As an employer you are required to make superannuation guarentee contributions on behlaf of your eligbile employee at least once each quarter. This is done by calculating 9% of the earnings base if your nanny works 30 hours or more in one week.
Superannuation Contributions are due by: 28 October, 28 January, 28 April and 28 July each year.
For further assistance with employer guidlines, conditions of employment or current industry legislation requirements please contact the friendly staff at The Wright Nanny on (02) 9660 6621 or submit an online enquiry.