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Background Information:
It is crucial for accountants to understand employment laws and regulations. For the purposes of this task, assume you are working for a small accounting practice and dealing with number of clients. One of your clients is preparing to start a new business and first time employ around 10 to 12 employees (a mix of casual, full-time, part-time and contract workers). Your client (Adam Baker – Adam Bakery Pty Ltd) has approached you for information about the tax and workplace related obligations regarding employing these workers.
Task:
Prepare a business report for your client about employer responsibilities in relation to Fair Work Act and ATO requirements. At a minimum, you are required to include the following aspects; work cover insurance, PAYG withholding obligations, TFN declaration form, Superannuation Guarantee, types of employment, pay slips and record keeping obligations, leave entitlements, awards, enterprise agreements, National Employment Standards, types of ending employment (redundancy, unfair dismissal) overtime, penalty rates, annual PAYG reporting obligations. Structure your report following the requirements below.
Requirements:
Appropriate formats: MS Word 2010 or later versions / PDF
Font: Times New Roman, Size: 11 or 12, Align the text both the left and right margins
Margins: 2.54 cm (top, bottom, right, left)
Space between the lines: 1.15 or 1.5
Do not exceed 2,000 words.