Cloud payroll software that saves you time
As one of the only payroll providers in Australia that releases quarterly updates, our team at Aurion ensure that customers receive the most up-to-date, secure and compliant people and payroll solutions.
by Aurion People & Payroll Solutions
As the final processing for End of Financial Year for 2023/2024 wraps up, our team are already looking ahead to how we can make life work better for the 2024/2025 Financial Year. At the time of release, Aurion Version 11.91 (log in required) is the minimum compliant version for the next Financial Year Single Touch Payroll software requirements in line with legislation determined by the Australian Taxation Office (ATO). Other highlights of this release include updated tax rates for New Zealand, new APIs and software enhancements and much more!
What is the Medicare levy surcharge?
To define the Medicare levy, the ATO explains, “.. an amount you pay in addition to the tax you pay on your taxable income.”. At the time of publication, the current Medicare levy is 2% of an individual’s taxable income. There are exceptions to this levy which take into account total income earnt and circumstances. Consideration and eligibility for a reduction or exemption can also be investigated on the ATO website: What is the Medicare levy?
Medicare levy exemption tax indicators for payroll software
As of 30 June 2024, the Medicare levy exemption tax indicators changed and have been included in our latest Aurion 11.91 software release. These compliance changes include six new indicators that match the latest Australia payroll tax scales for both ‘half’ and ‘full’ Medicare Levy Exemption options. Making our latest software solution compliant with these recent legislation changes, and ready for you to process your payroll with ease!
Legislation change for tax brackets New Zealand (NZ)
The New Zealand government recently announced changes to tax indicators which are effective from 31 July 2024. This forms part of the tax relief package announced in the New Zealand Budget 2024 by the Minister of Finance, Hon Nicola Willis. These updated indicators have been implemented as essential legislative changes for our New Zealand customers in our latest software release, Aurion 11.91. Allowing for employee records to be updated and adjusted with accuracy while ensuring compliance with critical New Zealand payroll legislation.
Get ahead with tax rate files for EOFY 2025
It’s never too early to start preparing for the next End of Financial Year, which is why we have included updated tax files for EOFY 2025 in our latest release.
What are the financial year dates for 2025?
The next financial year starts 1 July 2024 and ends 30 June 2025. Make sure you put these financial year dates in your calendar!
Digital document management software? No, just a new API to make life work better!
Advance record management in your Aurion solution with our new Document Export API. Customers now have more control over where images and document attachments are exported from Aurion. The destination path to save your exported documents can now be specified when exporting these types of files to a pre-defined folder using our new API. One of the many software enhancements in this release, but definitely a favourite among our Dev team!
Let’s chat!
If you’re looking for a people and payroll provider that keeps you up-to-date with the latest industry changes, then reach out to learn more! Our Aurion payroll specialists are available to discuss how we can create an optimised payroll solution to let your workforce thrive! You can reach our team by:
- calling 1300 287 466
- sending an email to [email protected]
- leave your details with us to get back to you
We’re excited to partner with you to make life work better!
Aurion acknowledges the Traditional Owners of Country throughout Australia. We pay our respect to the Aboriginal and Torres Strait Islander cultures; and to elders past and present.