Good record keeping advice for a secure Xmas

“Before shutting down your office over Christmas make sure you have two backups of your MIS data. Store one in your office away from your file server and store the second offsite.

“If you are running the Quote & Print Payroll, or any other system, remember to vary the payroll periods if you are paying your staff for multiple weeks. This will mean the tax and leave adjustments will be calculated correctly.

“You will also need to check the number of pay periods in the year for the week your pays are done to enable employees to pay extra tax to cover for 53 weeks if applicable.

“For any employees who have a Tax Variation, a new variation should be provided by the ATO each year. It is the employer’s responsibility. If a variation is no longer valid then the employee’s tax scale should be changed so tax is correct.

“If you take care before you shut down the office, you’ll avoid any unpleasant surprises in the New Year.

“Enjoy your Christmas Break.

Dave Bell