Each of our seminars covers the following topics:
- The Pay As You Go (PAYG) Withholding System
- Payment Summaries
- The Federal Industrial Relations System ('Fair Work')
- Lump Sum Payments on Termination (ETPs)
- Workers' Compensation
- The Superannuation System
- Fringe Benefits Tax (FBT)
- Payroll Tax
- Overview of the Goods & Services Tax (GST)
- The Business Activity Statement (BAS)
A break-down of each of these topics is below.
The presenter was very thorough and clear. (Easy to understand something the ATO makes complicated.) Thanks!
... AJ, Sydney, NSW
... AJ, Sydney, NSW
The Pay As You Go (PAYG) Withholding System
- Registering
- Completing TFN & Withholding Declarations
- Paying Salary & Wages
- Rates of income tax (incorp. flood levy)
- Medicare levy
- Taxing specific workers
- Non-resident Employees
- Employees with a HELP debt/SFSS loan
- Short term or seasonal workers
- Volunteers etc
- Taxing specific Payments
- Financial year contains extra pay day
- Annual & long service leave
- Bonuses and commissions
- Allowances
- Reimbursements
- Back pay
- Overpaid amounts
- Workplace giving
- Child support
- Labour hire arrangements
- Voluntary agreements
- Suppliers who do not quote an ABN
- Non cash benefits
- First home saver accounts
- Paid parental leave scheme
- Applying to reduce withholding
- Who is an Employee
- Independent Contractors: Reporting some contractor payments
- Written agreements
- Reporting on the BAS/IAS
- Remitting PAYG Withholding
- PAYG Instalments
- Penalties
Payment Summaries
- Types of Payment Summaries
- Issuing a Payment Summary
- How to complete the Individual Non-business Payment Summary
- Other payment summaries - Business and Personal Services Income, Foreign Employment Income, Withholding where ABN not Quoted
- Annual Reporting
The Federal Industrial Relations System ('Fair Work')
- Who is and is not covered
- Modern awards
- NAPSA's
- Federal Awards, Accessing awards & other industrial instruments on-line
- PayCheck
- Enterprise Agreements
- Common Law Contracts
- Preserved state agreements
- Prohibited Agreements
- National Employment Standards (NES) incorporating, Maximum weekly hours, National Minimum Wage, Flexible working arrangements, Parental leave, Annual leave, Personal/carer’s leave and compassionate leave, Community Service Leave, Long Service Leave, Public holidays, Termination of employment & redundancy pay, Fair Work Information Statement
- Statutory Bodies
- Unfair Dismissal Laws
- Unlawful dismissal
- Worker records
- Pay Statements
Lump Sum Payments on Termination (ETPs)
- Holiday pay
- Long service leave
- Tax free amounts
- Bona fide redundancy
- Tax-free portion (lump sum D)
- Employer Termination Payments (ETPs)
- Transitional ETPs
- Transitional ETP arrangements
- Components of an ETP
- Taxing ETP components
- Which forms are used
- Eligible service period
- Lump sums on invalidity or death
Workers' Compensation
- Who is a worker?
- What is remuneration for workcover purposes
- Accident records
- Wages declaration
The Superannuation System
- All changes including percentages
- Minimum level of Super contributions
- Deadlines for Super contributions
- TFNs & super funds
- The Super Guarantee Charge – penalties
- When is Super not payable
- Other exceptions
- What payroll is counted
- Refunding super
- Super liability on certain payments
- Treatment of certain workers
- SG and salary sacrifice limits
- Refunding super
- High income earners
- Choice of Funds
- Superannuation & Salary Sacrifice
- Reportable Employer Superannuation Contributions (RESC)
- Reporting on payslips
- Non-residents & Super
- Splitting super contributions
- Super co-contribution
Fringe Benefits Tax (FBT)
- Salary Sacrifice & FBT
- LAFHA and all changes
- Registration, assessment & payment of FBT
- Classifying fringe benefits
- Employee contributions
- Gross up rates
- Record keeping
- Declarations
- FBT Treatment of specific items eg. motor cars (including new valuation rules), novated leases, loans/debt waiver, expense payments, housing, entertainment expenses, meals etc.
- Rebatable employers
- Exempt employers
- Exempt benefits
- The “Otherwise Deductible” rule
- Concessions
- Uniforms
- Reportable fringe benefits
- Reporting FBT on the BAS
Payroll Tax
- Exemptions and rebates
- Registration
- Grouping of employers
- Thresholds & rates
- What are wages
- Payments to contractors
- Monthly and annual returns
- Reduction of thresholds
- Calculation of payroll tax payable
- Assessable for payroll tax?
Overview of the Goods & Services Tax (GST)
- Exclusions & inclusions
- Registration
- How does the GST work
- Taxable supplies
- Creditable acquisitions
- Attribution rules
- Making adjustments
- GST-free supplies
- Input taxed supplies
- Invoice requirements
- Remitting GST
- Simplified Accounting
- Imports
- Treatment of specific items - motor vehicles, leases, hire purchase, secondhand goods, property etc.
The Business Activity Statement (BAS)
- How is a BAS completed
- Form format
- Due dates
- BAS reporting options
- Accounts method
- Calculation sheet method
- Correcting mistakes
- GST groups
- GST branches
- Taxes, fees and charges
- The BAS & lease/hire purchase agreements
- Treatment of a loan
- Payment methods