New Employee Checklist
There is a lot to think about when you hire an employee for the first time. To help
out, we've put together a checklist to assist you with managing your tax and
reporting obligations when you have employees.
WHEN YOUR EMPLOYEE STARTS
Register for Pay As You Go (PAYG) Withholding with the ATO
Have your employee complete a Tax File Number (TFN) Declaration and then you
need to send it to ATO
Find the right pay rate at
accordance with the Award including any allowances
Provide your employee with a Fair Work Information Statement ‐ you need to
adhere to the 10 National Employment Standards (these can be found at
). You may also have other obligations under Workplace
Health and Safety, so refer to your Solicitor for guidance on this
Create an Employee Details Form to record the employee's address, emergency
contact details, bank account details, etc and keep this on file
Provide an employment contract or engagement letter (refer to
or your Solicitor)
Provide a position description and any other employee manuals or policies
Provide your employee with a Super Choice form
Register your business with the relevant super fund and setup your Business with
Super stream.
Retain employee records ‐ all employment documents (TFN Delcaration, Super
Choice form, employment contracts, etc) should be stored safely in a separate file
Register for a WorkCover policy
ONGOING TASKS
Pay your employee weekly/fortnightly (refer to the relevant Award) and calculate
tax to withold
Pay your employee's tax on your quarterly or monthly BAS
Maintain payroll/record keeping system ‐ keep a manual pay book or computerised
payroll system (eg. MYOB, Quickbooks, Xero, etc)
Issue the employee with pay slips
Pay superannuation at least quarterly
Keep records of your employee's leave entitlements
END OF YEAR
Issue PAYG Payment Summaries
Submit wages details to WorkCover by 31 August each year