Payroll advisory & compliance
Payroll advisory & compliance
Navigating payroll compliance can be complex and overwhelming, especially with constantly evolving regulations. At Optiora, we provide comprehensive payroll compliance and advisory services to safeguard your business from costly errors and ensure peace of mind.
The complexity of compliance & considerations
Understanding and adhering to payroll compliance requirements is not just a matter of ticking boxes—it’s about protecting your business from significant legal and financial risks. Australia’s industrial relations system is complex, with varying obligations stemming from modern awards, EBAs, and employment legislation. Employers must be well-informed about the industrial instruments governing their workforce to ensure employees receive their full lawful entitlements.
The Fair Work Ombudsman treats wage underpayment as a serious offence, imposing substantial penalties on non-compliant businesses. Following the criminalisation of ‘wage theft’ by the Commonwealth and several jurisdictions, employers now face heightened legal consequences for failing to adhere to employment laws. Even well-resourced corporate employers are not exempt from compliance challenges. This was demonstrated by the recent penalties imposed on large organsations, underscoring the importance of maintaining rigorous compliance standards
Payroll compliance considerations
- Are your employees receiving basic NES minimum entitlements?
- Are you meeting all your tax and superannuation obligations correcly?
- Are you interpreting the awards/EBAs correctly?
- Are you reporting long service leave obligation correctly?
- Do you regularly review your payroll compliance?
Payroll compliance services offered by us
Tailored compliance framework:
Customised strategies to meet your business’s specific requirements.
Payroll compliance audits:
Identify compliance gaps and ensure accuracy in your payroll processes.
Award interpretation:
Expertise in SCHADS and other complex awards to ensure correct employee payments.
Regulatory updates & advice:
Stay informed with the latest changes in legislation and how they impact your payroll.