Latest News
Retail Award Changes effective FFPP after 1 March 2021
March 17, 2021
The Retail Award has had another slight change; the change affects casual staff who work after 6pm Monday-Friday. The penalty rate has increased by 5% from 145% to 150% penalty of the full-time base rate. This change takes effect from the first full pay period after 1st March 2021. If you have any questions, feel free to contact us.
JobKeeper 2.0 Stage 2
December 18, 2020
The Stage 2 step-down of the JobKeeper scheme comes into effect for any regular payroll payments occurring from the 4th of January.
Update To PAYG Tax Rates
October 20, 2020
Effective from Tuesday the 13th of October the Withholding Tax values have changed. The Federal Government announced that they brought forward the changes to the PAYG tax tables, which were scheduled to occur as of 1 July 2021, as a further response measure to assist Australians with the financial implications of the COVID-19 virus. Many income earners will receive more take home net pay from October onwards. The tax changes will have retrospective effect back dated to 1 July 2020, so some income earners may also receive a tax refund when they complete their 2020/2021 tax return after 30th June 2021.
JobKeeper Update
August 20, 2020
In light of the heightened restrictions in Victoria the government have released changes to the JobKeeper scheme to allow for more Australian businesses and employees to join.
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Testimonials
Promat Australia Pty Ltd has shared a long association with IPS and has always found them to be highly professional, prompt and attentive. They will always go the extra mile to ensure that all your payroll needs and requirements are met.
Promat Australia Pty Ltd - Gregg Hammond Manufacturing Accountant/HR
