CONTRACTOR NEWSLETTER: End of Financial Year

Payment Summaries: How do you want yours delivered?

An important focus for your EOFY contractor newsletter: payment summaries. With the end of the 2016/2017 Financial Year drawing close, we’re busy preparing your payment summary.

Unless you request otherwise, your payment summary will be sent by 14 July 2017, to the same email address as your regular payment advice notifications.

If you would prefer to receive your payment summary by post, make sure you let us know by 16 June 2017. Simply send an email to kerry.calvert@cxcglobal.com.au and include your current postal address details to guarantee delivery.

Current CXC Global contractors will also be able to access their payment summary through MyTax via MyCXC.

MyTax also allows you to:

•    download your payment summary for current and previous financial years
•    confirm your eligibility for a FREE simple tax return, processed by CXC Financial Partners
•    electronically start the tax return process via CXC Financial Partners

If you have any queries, simply get in touch with the Customer Service team on 1300 724 082 or email customerservice@cxcglobal.com.au.

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The quick guide on saving on international money transfer

Whatever the reason for your international money transfer, be it financing your international mortgage or buying that dream classic car, here are a few simple tricks to help you save when sending money abroad.

Queen’s Birthday

The second Monday in June is almost upon us, which means…a public holiday!

It’s the Queen’s Birthday public holiday (in all states except Qld & WA). As a result CXC Global will be closed on Monday 12 June 2017.

How will this affect you?

Best that you check with your agency or client to see if timesheet deadlines or pay dates will change because of this public holiday.

Timesheets

If your timesheet(s) are due on Monday 12 June, we suggest you submit your approved timesheets beforehand on Friday 9 June or immediately following the public holidays on Tuesday 13 June, if you don’t hear otherwise.

Pay Transfers

We’ll be reconciling and releasing all funds received prior to the public holiday on Friday 9 June, for overnight release.

Please note: The next date payments will be processed will be on Tuesday 13 June. So best you get your timesheets in prior to the public holiday, if possible.

If you have any questions please contact our Contractor Care team on 1300 724 082 or customerservice@cxcglobal.com.au.

So in summary…don’t forget to make arrangements to accommodate your timesheet & pay cycle that could be affected by the Queen’s Birthday closure.

And most importantly, enjoy your day off!

How will the Federal Government’s Budget affect contingent workers?

We’ve taken a good hard look at Scott Morrison’s budget delivered one week ago. And, we’ve read what the pundits are saying. As a result…. we’ve cherry-picked those elements we think could impact you, our reader: whether you’re an employer OR a contractor.  And we present them to you here (please take note, those elements that have no impact on you in your ROLE, we’ve left alone).

Labour Hire Operators to be Licensed: Victoria

The Andrews government in Victoria will introduce legislation whereby labour hire firm will require licensing.

This is the outcome of a review undertaken last year, as the government seeks to protect workers from rogue operators, who tend to rip-off workers through various means. Like underpaying them, withholding other entitlements, not providing a safe working environment, abusing visas and undermining the minimum standards of employment.

New Guidelines for Contracting Labour (Fair Work Ombudsman)

Worker exploitation has been in the news a lot lately, in Australia. We see it at a grassroots level, especially in industries such as hospitality and retail where franchisees or business owners attempt to take advantage by underpaying workers, omitting entitlements or income. And, it’s also happening in white collar roles, where contracting is increasingly common.

Plutus Payroll Ceases Operations

Last month, we learned about a payroll provider in Australia who has suspended operations. And we thought it was a prudent time to reiterate the critically important factors that go with managing the outsourced payroll of Australia’s companies – no matter what size or market position.

That’s a wrap for the June CXC Global Contractor Newsletter. Let us know if there is anything you would like us to cover in the next edition. We’d love to hear from you.

And don’t forget, if you need to get in touch with us for any service or pay related matter our Customer Service team is more than happy to help.

The team at CXC Global