How it Works - Prosperity Payrolls

What You Do

  • You become an employee of Joseph May Pty Limited trading as Prosperity Payrolls, and Joseph May contracts with your agent to provide your services to an end client.
  • At the end of each period you provide copies of your approved timesheet to your agent and also to Prosperity Payrolls.
  • Prosperity Payrolls invoices your agent for the number of hours recorded on your approved timesheet.
  • You submit an Expense Claim to Prosperity Payrolls for expenses incurred during the current period.

What We Do

  • Prosperity Payrolls invoices your agent for the number of hours recorded on your approved timesheet.
  • Within 24 hours of receiving payment from your agent (usually within a week of submitting your invoice), we pay you the full amount due to you – i.e. net pay and expenses less tax and superannuation.
  • Like any company, we take care of your tax and superannuation payments and provide the appropriate income summaries for you and the ATO at the end of the financial year.

Car Leasing and Other Fringe Benefits

These are beneficial in some circumstances, and we can provide a variety of options.