Hiring Casual Employees

Recently I have been seriously considering hiring a casual employee or two that would work 10 - 12 hours a week and help with my business.

I was just wondering what if anyone had any good practical advice in going about employee casual employees? Like things I really need to look into etc etc? Also is there anything I need to know here form a tax stand point?

I have done a bit of reading around and I read that I may need to setup PAYG and Super Contributions? I was just wondering what this involved and if it something that I should be looking to get an accountant to handle?

Also I have been looking at making a move overseas, and was wondering what would happen in the event that I do move to Singapore, would I still be Able to continue employing Australians as casual employees? What business and tax implications are there for doing something like this?

 

Hi Chris,

Superannuation Guarantee Contributions (SGC) has to be paid if employees are paid more than $450 per month.

Cheers,

Dan

 

I'm hoping at this stage (at least in the early period of employment) I won't be paying the individual more than $450 a month, though I do expect to exceed this limit if the arrangement proves itself to be worthwhile.

Anything else I should be looking into?

 

Hi Chris
you need to also consider Workers comp. Compulsory in most states. NSW has a threshold now of $7Kpa whereby it is not required.

If you have a company, you will need to ensure you have at least 1 Aust resident director
Nickm

 

Thanks for the input Nick.

I don't presently have a company I have a sole trading business. So would I need to incorporate and get a director that was also an Australian resident to continue employing people in Australia?