BSBFIM502: Handle Payroll Enquiries - Smith & Jones Pty Ltd. - Sandy Brown - George Smith Case Study - TAFE Assignment Help

Assignment Task:

Task 1 - Handle Payroll Enquiries 
 
Question 1 Fred Jones has contacted you requesting his superannuation balance amount after the conversion date. He would like to know the individual balance amount for his superannuation contribution guarantee (SCG) and his salary sacrifice. 
i) Which MYOB report you can access to attend his query?    
ii) Advise his balance amount for his SCG and salary sacrifice on record. 
iii) Advise the next payment date to his superannuation fund.  Make reference to the Company Payroll Procedures in Attachment A to support your answer. On behalf of George Smith, Fred asks for the details of George’s superannuation balance.   
iv) What information could you give to Fred?  Make reference to the Company Payroll Procedures to support your answer. 
 
Question 2 Julie Simpson has contacted you asking for her year-to-date a) holiday balance, and b) personal leave entitlement balance.   
i) Which MYOB report would you generate to answer her query?    
ii) Advise her entitlement balances on record. She says in the next few weeks she may need to stay a week in the hospital and a couple of days at home after that. 
iii) Advise Julie of her options.  Make reference to the Company Payroll Procedures to support your answer.   
 
Question 3 George Smith’s manager has asked him to work three hours on Saturday mornings until further notice.  He is wondering if he is entitled to a meal allowance for working on Saturdays.  He also seeks your advice on how to minimize his tax payments for his overtime earnings.  
 
i) Advise him how his pay varies when working on Saturdays? Make reference to the Company Payroll Procedures to support your answer.  
ii) Advise him of his entitlement for meal allowance.  Make reference to the General Retail Industry Award to support your advice.  
iii) Advise George on the effective means to minimize his tax payments. Make reference to the Company Payroll Procedures to support your answer.  
 
Question 4 George Smith has been working overtime on Saturdays for some time.   He notices that his Superannuation Guarantee contribution amounts have remained the same as before.   
 
Refer to the Superannuation Guarantee Ruling (SGR 2009/2–extracts) in Attachment B. 
 
i) Summarise the meaning of ‘ordinary hours of work’ in your own words. 
ii) Summarise the meaning of ‘ordinary time earnings (OTE)’ in your own words. 
iii) Advise George whether his overtime payments fall within the meaning of OTE for the purposes of Superannuation Guarantee Contribution. 
 
Task 2 – Administer Payroll

Question 1: Sandy Brown, who is 21 years of age, has joined the company as a casual employee since August current year.  On her last payroll payment date, she was informed her pay new scale is at Level 2 of the General Retail Industry Award.  On the same date, she submitted the following documents to update her employment record.    
 
• TFN Declaration form in Attachment C 
• Superannuation Standard Choice form in Attachment D 
 
i) Process Sandy’s forms by updating her employment record in the company’s MYOB data file.  Ensure her updated employment record reflects her updated information. 
ii) Produce her updated Employment Details Report showing the following information. Save this report for submission.  
 
Question 2 Smith and Jones Pty Ltd is now on 30th June of the current financial year.  Access the company’s MYOB data file to complete the following.   
i) Reconcile George’s payment summary on record. List the MYOB reports/ information that you have used for reconciliation.  
ii) Complete George’s PAYG payment summary – individual non-business form. Go to OLS to access a digital copy of this form. A sample copy is provided in Attachment E.  Save your complete form for submission.   
iii) Access the relevant company report in MYOB.  List the MYOB reports that you have accessed to calculate and transcribe the company’s year-to-date group tax amounts for all employees. Complete the PAYG payment summary statement form.  Go to OLS to access a digital copy of this form. A sample form is provided in Attachment F.  Save your complete form for submission. 
  
Task 3 – Establish Payroll Procedures Write a procedure for each topic below for Smith & Jones Pty Ltd.   
 
i) Confidentiality and security to ensure confidentiality and security of payroll information by adhering to the Australian Privacy Principles (APP).  Your procedures need to include collection, storage, usage and disclosure of payroll information. 
ii) Control measures to safeguard the company’s financial resources by adhering to the Principle of Separation of Duties. 
iii) Claims for allowances including how claims for allowances are checked and documented for authenticity and authorized for payment. 
iv) Statutory withholdings including how the company’s (employer’s) obligations (i.e. deductions and payments) are met and records are kept for the required periods under the legislation. 

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