Bookkeeping & Payroll Services for Small Businesses

 

  Payroll systems have changed a lot over the years. At first, businesses used manual processes, which were prone to errors and inefficiencies. The introduction of digital solutions made these processes smoother, but it wasn’t until cloud technology became popular that payroll management underwent a real transformation. Key takeaway:  Modern payroll software solutions are essential for businesses in 2025 and beyond. These tools not only handle complex payroll calculations but also ensure compliance with legal requirements and improve overall efficiency. Understanding Payroll Software 1. Cloud-Based Payroll Systems Advantages of using cloud-based payroll solutions Cloud payroll access provides significant benefits for modern businesses. The most notable advantage is accessibility. With cloud-based systems, you can manage payroll tasks from anywhere, anytime. This remote management feature ensures that payroll processing is not confined to a single location or dependen...

 

  Australian Super, Australia’s largest superannuation fund, has been ordered to pay a $27 million penalty after the Federal Court found it failed to merge multiple member accounts—breaching its fundamental obligations to members. The Court ruled that Australian Super lacked the necessary processes and systems to ensure compliance, with Justice Hespe calling the failures “serious and highly concerning.” She noted that for nearly nine years, the fund failed to identify and rectify its non-compliance, describing this as a systemic issue. ASIC Deputy Chair Sarah Court stated, “This penalty reflects the severity of misconduct by Australia’s largest super fund, which betrayed member trust and failed to act in their best financial interests.” Between July 2013 and March 2023, approximately 90,700 AustralianSuper members were impacted, incurring an estimated $69 million in unnecessary fees, insurance premiums, and lost investment earnings. All affected members have since been remedi...