Real estate payroll
Meet Eloisa, a seasoned payroll specialist with over a decade of experience. Eloisa has successfully managed payroll teams for major Australian multinational companies, including Suncorp Bank, and she now specialises in the real estate industry.
As the Senior Department Head for RE Payroll & HR, Eloisa possesses an intricate understanding of the real estate sector.
She works closely with agencies across leading franchise groups such as Ray White, LJ Hooker, RE/Max, McGrath, Atlas By LJ Hooker, Belle Property, and many independent agencies.
In the world of payroll, errors can be costly, especially when it comes to commission calculations and termination payments. The consequences of Fair Work Ombudsman actions, including civil penalties, can quickly add up.
At RE Payroll, Eloisa and her team are dedicated to minimising these risks and delivering a seamless payroll experience. We're here to take over the heavy lifting and ensure your agency's entire payroll operates flawlessly.
Talk to Eloisa and her team about how we can enhance your agency's payroll process and provide you with the peace of mind that comes from having experts on your side.
Eloisa
Senior Department Head - Payroll & HR
Professional payroll process
We can make life easier by handling your payroll process and ensuring your staff are paid correctly and on time.
Our real estate-trained team delivers end-to-end payroll and HR solutions from initial hiring, payroll to termination.
For over 14 years, we have specialised with real estate agencies and understand debit/credit, commission only, tiered commissions, associate bonuses, sales agent deductions, tax averaging, termination calculations. Being specialists, we can get the work done faster and more compliantly.
Section 550(2) of the Fair Work Act 2009 holds a Principal personally liable for payroll breaches - we know the laws and will help keep you compliant.
RE Payroll & HR can handle the below:
Tailored remuneration advice for the agency Principal covering their wages, commissions, fringe benefits, Div 7a director loans, dividends and trust distributions etc
Commissions to sales agents can be paid immediately after settlement.
Tight monitoring of sales agent deductions.
Fixed wages, Casuals, time sheets etc.
Annual leave.
Termination payments.
Real-time sales agent commission advice.
STP compliant payroll management to the ATO.
Compliance with ATO, FWA and Real Estate Industry Award 2020.
Accurate IAS, BAS & Payroll Tax lodgement.
Superannuation paid on time.
Upload payments on your internet banking ready to approve.
ATO end of financial year formalities fully delivered.
Payment summaries lodged via MyGov.
We will take the lead with the payroll process. Before each pay run, we will reach out to you to obtain the details required for the payroll run. We will guide you on how to maintain accurate information needed for payroll.
Expert Payroll team
Once the payroll is ready, we will send you complete details, ready for your review and approval on the bank.
You remain in control
Real-time commission advices
We provide sales agents with real-time commission advices itemising all settlements, apportionments, commission entitlement, tax, deductions and net paid. Commission queries will become a thing of the past.
End-to-end payroll and HR solutions
Our real estate payroll work covers everything you will need - debit-credit, award wages, timesheets, overtime, tiered commission structures, bonuses, associate incentives, allowances, agent deductions, casuals, terminations, tax averaging etc. - we have established processes in place for everything.
-
Our payroll team will manage a smooth weekly, fortnightly or monthly payroll process and deliver the payroll ready for you to approve
-
No matter how complex your commissions structures, this team knows debit/credit, tiered commission, sales associate bonuses, agent deductions, tax averaging etc and even manages sensitive executive remunerations under confidence.
-
RE Payroll offers clients a live commission tracker for all sales agents which provides all commission details at the finger tips.
-
Cashflow is vital for any agency and our Payroll team helps you track your Debit/Credit exposure and advise you on risks when agents are not performing and building large debits.
-
As real estate specialists, we will keep you compliant with ATO requirements under STP and STP2. All lodgements and annual ATO formalities are quietly handled behind the scenes.
-
Termination payments are often complex and areas we find mistakes. Avoid Fair Work breaches and allow us to keep you compliant with all termination payments whether it is resignation, redundancy, summary dismissal, regular termination, job abandonment etc
-
The laws are complex and real estate does not make it easier with allowances, special rules for commission only, MITA, annual leave for commission only agents. WE will guide you through the legislation.
-
A unique offer to clients is to pay your commissions faster. As soon as the trust team has finalised settlement, our Payroll team is able to process the settlement quickly and place money into your agents hands faster. A great recruitment tool!
Industry systems used by RE Solutions
Are you the Operations Manager?
As an Operations Manager, the daily workload can become overwhelming. We understand your challenges and we're here to help you succeed in your role by say, taking the payroll process off your plate.
Our involvement is specifically designed to streamline your payroll processes, providing you with more time to focus on critical tasks.
By entrusting us with your payroll, you'll benefit from time freed up, accurate runs, positive sales agent feedback, tight compliance and a reduction in employee queries.
Let us strengthen your role and enhance your operational efficiency.
Core Services
Our involvement is designed to manage the payroll process. You will not need to train our team as we understand real estate and just need to become familiar with your commission and wage structures for all staff.
Real estate expertise
Our professional team is fully trained on all aspects of agency payroll. Whether fixed wages, commissions, bonuses, allowances, deductions, casual, or part-time, we handle the full payroll.
Top-notch compliance
In this era of complex legislation & compliance requirements, RE Payroll & HR allows you to achieve high compliance with ATO, Fair Work, Payroll Tax and Real Estate Industry Award 2020 requirements.
Professionalised payroll process
Our payroll service covers sales agents, administration staff, property managers and directors. Our senior team will work closely with the Principal on drawings, salary, commissions, advances or dividend structure.
