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Casual or full time? Is it time to have the discussion with your employees?
Fiona McKinlay • Feb 03, 2019
Payroll Tax Accountants Sunshine Coast
Well, a casual employee:
• Has no guaranteed regular hours of work
• Does not get sick leave or annual leave
• Can leave without notice.
Katharine Whitehorn said “Find out what you like doing best, and get someone to pay you for doing it.”
Therefore casual employees are entitled to a higher hourly pay rate than the equivalent full-time or part-time employees. Long-term casual employees may work regular hours or the same days each week, and after 12 months they have the right to ask for flexible working arrangements and take parental leave.
Full time casual means working full time for a casual wage, which is about 20 per cent more per hour than a permanent employee, but then they do not receive any sick pay or holiday pay.
Milton Berle said “If opportunity doesn’t knock, build a door.” President Trump would say a wall.
A full-time employee has ongoing employment and works, on average, about 38 hours a week. When someone changes from full-time or part-time to casual employment, the usual rules for ending employment apply, including:
• Giving or paying the employee the required notice, and for any leave and all other entitlements that may be owed.
A part-time employee:
• Usually works less than 38 hours a week
• Usually works regular hours
• Is entitled to the same benefits as a full-time employee, but only on a pro rata basis
• Is a permanent employee or on a fixed-term contract.
Full-time and part-time employees must give or be given notice should they choose to end their employment.
Your business will run better with Balanced Bookkeeping and Business Solutions.
Balanced Bookkeeping and Business Solutions is a local, Sunshine Coast business that provides a complete bookkeeping service and solutions for small to medium businesses.
The principal of Balanced Bookkeeping and Business Solutions has worked in the accounting industry for over 21 years and is a qualified accountant and registered BAS agent, which means that you can discuss the pros and cons of casual and full time and part time employment, knowing that you will receive practical, constructive, valuable advice.
William James said “Act as if what you does makes a difference. It does.”
Out tax accountants in Sunshine Coast recognise that every business and each business owner is very different and, accordingly, each requires a different and individual approach to their hiring strategy.
Regardless of what type of business structure your company operates under — sole trader, partnership, company or trust — Balanced Bookkeeping and Business Solutions’s focus is on developing tailor-made solutions for you.
And then there are employee payment summaries and the summary of income and expenses in a profit and loss statement, the record of debtors and creditors, asset purchases and expenditure on improvements, depreciation expense claims and capital gains tax, income tax returns and yearly reports, returns for PAYG withholding, fringe benefits tax (FBT), Goods and Services Tax (GST), and the taxable payments reporting system, meeting superannuation requirements… the list goes on and on.
With so many great software options including XERO, MYOB and Reckon. It’s vital for Balanced Bookkeeping and Business Solutions to be on top of them all. Our expert team can help tailor fit any software your business needs. We proudly keep the Sunshine Coast on top of their accounts. Ask us how we can help you today.
Balanced Bookkeeping and Business Solutions is a local Sunshine Coast company that provides a complete bookkeeping service and solutions for small to medium businesses and can cope easily with both the ATO and ACNC, so that you can pursue the far more rewarding and philanthropic business of fund-raising and distributing to the deserving foundation or trust of your choice.
So, what is Fringe Benefits Tax? Simply put, it’s an extra tax that you cover for your employee that is for the benefit of the employee in lieu of paying them more money. The tax is calculated on the value of what is being used for FBT.
This is only a new initiative as we mention that came into effect as of the 1st of July 2018, so there are still a lot of questions to be answered. This is why a number of clients we serve on the Sunshine Coast have been coming to us at Balanced Bookkeeping and Business Solutions to see their options.
The fact is the Australia Goods and service tax, while it’s not going to just go away, has been around for a long time and people are still getting it wrong when they are doing their books.
