Talking Tax With New Employees

Your new employee will need to have the business’s ABN in order to complete the form. Once they have submitted it, they are then able to print it or send their summary to you, the employer, allowing you to easily input their data into your payroll system. How technology can make our lives easier! Additionally, if your payroll software can link to the online commencement form, it will automatically receive any new employees’ information directly from the ATO. This will further save you time you would have spent manually entering the information.

 

As employers, you can also make use of the new employment form to collect a range of information that is contained inside of other forms. Doing so would allow a much more seamless experience for both the employee and employer to authorise variations to the amount to be withheld from their pay for tax or the Medicare levy, or to advise of their choice of super fund. Your employee can also use it to update their tax circumstances with their employer; for example, if their residence status has changed or they are claiming the tax-free threshold from a different employer.