
Much of the payroll process begins with calculating gross salary — whether hourly, weekly, fortnightly or monthly — and then subtracting deductions and taxes from that amount to determine the final payment that employees receive in their paycheck. These gross wage calculations and subsequent deductions are dependent on several factors in each case depending on the law and rules.
This session will provide the necessary insights on how payroll calculations are done – even if software is used in calculating payroll, it is very beneficial for the person entering the numbers, to know how these calculations are performed. Some calculations need to be done, before it can be entered into the payroll system. A good understanding of employee taxes are vital for payroll administration.
Topics Discussed:
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Gary Garbutt,
Head of Operations
Biz Facility Pty Ltd
(Registration number: 2011/105349/07)
Mission Statement:
To provide value added skills and tools through superior training and engagement that enables our clients to become more financially skilled.
Our Vision:
To provide practical skills and tools to small and medium business owners and individuals, in order to effectively utilize accounting data to manage their business or area of operation, and to effectively manage their tax obligations, both personally and professionally.
Biz Facility, founded in 2010, was founded to provide practical training interventions to small and medium sized businesses, as well as individuals, to equip clients in managing their business’s and tax affairs more effectively.Biz Facility provides both training and financial services to its clients: