Payroll Services Report - Finance Module - Semester 1, University Name

This report provides a comprehensive overview of payroll services, addressing key aspects such as the scope of services offered by BAS agents, including tax-related advice and representation. It delves into the principles of enterprise agreements and award agreements essential for payroll purposes, highlighting organizational procedures and policies that impact payroll processes. The report emphasizes the importance of security and confidentiality in record-keeping, industry codes of practice, and the features of both computerized and manual payroll systems. It outlines record-keeping requirements, recovery systems, and the consequences of non-compliance regarding superannuation and WA payroll tax provisions. Furthermore, the report includes a practical analysis of a payroll scenario, explaining gross pay calculations, offering advice on tax reduction strategies, and addressing payroll-related queries. References to relevant literature support the analysis, providing a well-rounded understanding of payroll operations and financial management.

Payroll

Table of Contents
INTRODUCTION...........................................................................................................................3
QUESTION 1...................................................................................................................................3
List scope of services offered by BAS agent providing payroll services ..................................3
Principles of enterprise and awards agreements that is needed for payroll purpose...................3
Two examples of organizational procedures and policy that effect payroll...............................3
Requirements relating to security and confidentiality of records...............................................4
Industry codes of practice relevant to payroll operations...........................................................4
Features of computerised and manual payroll systems...............................................................4
Requirement of record keeping for payroll purposes..................................................................4
Recovery system and payroll back up an company needs to have in place................................5
Consequences of employer not paying sufficient superannuation to workers............................5
Legal obligations of employer under WA payroll tax provisions...............................................5
Question 2........................................................................................................................................5
Question 3........................................................................................................................................6
A) Explanation of Kris Hollow gross pay...................................................................................6
B) Advice to reduce the tax.........................................................................................................6
C) Resolve Kris Hollows Query.................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
QUESTION 1
List scope of services offered by BAS agent providing payroll services
BAS agent issued licence that says they advise customers, cater certainty to the
consumers and represent that people to tax office in relation to GST. They provide tax related
advice to individual that is particular to customers circumstances ((Haitz, Rauch and Owais,
2019). The scope to this services is to generate awareness among group of people in context of
paying tax and its importance. Paying taxes is beneficial and assure that each and every one in
society enjoys services offered by government. These type of advice may be written or verbal,
tax related advice usually provided by BAS Agent that would needed registration include advice
in context of PAYG without holding liability.
Principles of enterprise and awards agreements that is needed for payroll purpose
An employment relationship is established by signing agreement or through declaration.
On the basis of this, enterprise agreements employment relations between employee and firm
requires voluntary commitment. One of the major principle of enterprise contract is that it
provides reasonable impression that they will be treated as employees. Therefore, employer
should make efforts for eliminating any type of ambiguity related with status of employees,
salary and other compensation, sick leaves, working hours etc.
Agreement regarding incentive and rewards plays an important role in encouraging
workers to perform better. Enterprise should provide details of long term programme regarding
incentives in awards agreement. Such as it should include information regarding payment like
shares in the form of cash or in cash etc.
Two examples of organizational procedures and policy that effect payroll
For example 1 , in organization when management structure is not appropriate it affect on
payroll, ineffective structure does not work effectively in which people do get sufficient payroll
which impact on their performance as well as productivity.
Example 2, when management does not calculate working hours of workers properly they
cannot be able to pay money and this can take longer time to take appropriate decision.

Requirements relating to security and confidentiality of records
It is important for to maintain security and confidentiality in business because as per the
Privacy Act, 1988, it is quite essential to comply with this act and it helps to protect from legal
hassles and also improve the employee productivity too (McGregor-Lowndes and Hannah,
2019). On the other side, by maintaining proper confidentiality of the records, organization
provide safe and secure environment to their employees so that they can work with an ease. As
the basic principle of confidentiality means to protect the data from third party and that is why, in
Australia every individual files are locked and secured that further assist to maintain the
professional attitude at work.
Industry codes of practice relevant to payroll operations
Purpose of industry code is to assure that sector compliance with agreed on set of
objectives that benefits employees and employer. These kinds of objectives mainly focuses on
promotion of best industry practices, that is providing wages for extra working hours to workers
that enhance their performance and motivate them for doing hard work (Grigsby, Hurst and
Yildirmaz, 2019). When staff spend extra working hours within firm for completing project on
time, management need to appreciate them, they are accountable for providing extra wages to
workers which also help to retain skilled people with them for longer time.
Features of computerised and manual payroll systems
Computerized payroll system performs mostly similar functions that manual methods of
payrolls does. It stores data related to workers for long time period, such as address, pay rates,
social security number, their names as well as holding allowances of everyone. It easily
calculates payroll deductions and taxes and keep all essential information up to date after every
pay time effectively (Drangmeister and et.al., 2019). In computerized payroll system everything
keep in records with the help of technology for longer period, but on the other hand in manual
payroll system all the records and data about workers enter by hand without any support of
technologies. Storing for longer time period is one their most essential features.
Requirement of record keeping for payroll purposes
Australian securities and ASIC needed organizations to keep records for payroll purpose,
they need to keep records at least five years which is beneficial for them and help to considered
the best employee performance after many years ago (L’Horty, Martin and Mayer, 2019).

Recording keeping support to track business plan, prepare taxes and also track the budgets.
Keeping records is required in organization as it help to pay rewards to the best one at
workplace. It required particular information such as workers address, name, pay rate and social
security number.
Recovery system and payroll back up an company needs to have in place
Organization needs to have recovery system in workplace that help to recover previous
data or employees information. Recovery procedure is designed to restore information in event
of operating or hardware system failure. It begin by starting computer by using bootable backup
media or recover assQuestion 3ist media. Payroll back up system help to regather data about staff
and also provide information in context of their work and contribution in business success.
Consequences of employer not paying sufficient superannuation to workers
When workers has not provided its funds details in company, employer will not paying
pension to them (Superannuation - Employee has not provided their fund details, 2018). Without
providing superannuation details, any employee in company does not get old age pension which
is essential over a time in life. If the funds details is pending by any one in firm, it directly affect
on old age pension procedure and people will not been able to get payments. Moreover, when
employees do not contribute to gain benefits, it is impossible for them to acquire superannuation.
Legal obligations of employer under WA payroll tax provisions
Payroll tax is the general purpose tax rely on wages paid by employer in Western
Australia (WA). Equal opportunity laws; employment and pay conditions, long service leave is
considered in legal obligations of employer (Cajner and et.al., 2018). Employers paid fair and
equal wages to their workers, WA is accountable for overseeing safety of all staff members at
workplace. Employer responsibility to secure safety, welfare and health of staff who might be
influence by business, they can do whatever is passably feasible to achieve this. While hiring
staff it is unlawful to discriminate based on age, race, gender, family status, religion, marital
status etc.
Question 2
Part in excel

Question 3
A) Explanation of Kris Hollow gross pay
The gross pay is calculated on the basis of the working hour and per hour pay rate. In 6 to
12 march week Kris Hollows does do any extra work. So the gross salary is prepared on the basis
of basis working hour and pay rate. The gross salary is calculated by multiplying the working
hour in week to the per hour rate. The annual salary of Kris Hollows is $64114 and per hour
salary is 32.45, and he only work 30.5 hour in a week that's why the salary is below to their
expectation.
B) Advice to reduce the tax
The tax rate of Sonia Roza is High because she did not quote the TFN which prohibited
her to taking the advantages of tax rebate and also the benefits provided by government to the
privates sector employees. The tax offset of Sonia Roza is $1255 p.a. Sonia has to invest in some
tax deducted fund to reduce the tax.
C) Resolve Kris Hollows Query
The salary of two persons may be differed because of their experience and job
performance. Kris Hollows annual salary is $64114 and the other manager salary with same job
role is $78000 pa because may be their job experience is different and also the behaviour to
handle critical situation also different. To deal with the payroll query we have to communicate
with Kris and try to explain the situation of difference in the salary of both the employees. We
also tray to explain their work culture and experience which benefited the company.

REFERENCES
Book and Journals
Cajner, T. and et.al., 2018. Using Payroll Processor Microdata to Measure Aggregate Labor
Market Activity.
Drangmeister, W. and et.al., 2019. Methods and systems for efficient delivery of accounting and
corporate planning services. U.S. Patent Application 16/018,070.
Grigsby, J., Hurst, E. and Yildirmaz, A., 2019. Aggregate nominal wage adjustments: New
evidence from administrative payroll data (No. w25628). National Bureau of Economic
Research.
Haitz, Z., Rauch, J. and Owais, W., Square Inc, 2019. Selectable payroll amounts for instant
payroll deposits. U.S. Patent Application 10/339,608.
Hallikainen, P., Bekkhus, R. and Pan, S. L., 2018. How OpusCapita Used Internal RPA
Capabilities to Offer Services to Clients. MIS Quarterly Executive.17(1).
L’Horty, Y., Martin, P. and Mayer, T., 2019. The French policy of payroll tax reductions. Notes
du conseil d’analyse économique. (1). pp.1-12.
McGregor-Lowndes, M. and Hannah, F. M., 2019. ACPNS Legal Case Notes Series: 2019-49
KinCare Community Services Limited v Chief Commissioner of State Revenue.
Online
Superannuation - Employee has not provided their fund details. 2018. [Online]. Available
through:<https://community.ato.gov.au/t5/General-super-questions/Superannuation-
Employee-has-not-provided-their-fund-details/td-p/1931>