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Big Changes for Businesses from 1 July 2025
New financial year, new rules! Here are few key changes that could impact your business costs, compliance and operations: 1. Minimum Wage Increase The National Minimum Wage rises by 3.5% to $24.95/hr ($948/week). Review employment contracts and payroll to ensure compliance from the first full pay period after 1 July. Underpayment risks heavy penalties. 2.…
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Addressing Wage Underpayment as a Criminal Offense
New criminal underpayment laws have been introduced in some countries, including Australia, to tackle wage theft and ensure that workers are paid fairly. These laws make it a criminal offense for employers to underpay employees intentionally or through negligence, with significant penalties for those found guilty. For example, in Australia, the Fair Work Legislation Amendment…
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Why Employment Hero Payroll is more suitable for businesses than Xero Payroll?
Introduction Xero is a popular cloud-based accounting software that helps small and medium-sized businesses manage their finances, such as cash flow, accounts, and expenses. Many businesses also use Employment Hero for their HR needs alongside Xero for accounting. While some businesses prefer Xero’s payroll functions, others might find Employment Hero Payroll more suitable, especially for…