Each of our seminars covers the following topics:
- Tax File Number (TFN) Declarations
- The Pay As You Go (PAYG) System & Payment Summaries
- The National Industrial Relations System (Forward with Fairness)
- Lump Sum Payments on Termination (ETPs)
- Payroll Tax
- Workers' Compensation
- The Superannuation System
- Fringe Benefits Tax (FBT)
- Overview of the Goods & Services Tax (GST)
- The Business Activity Statement (BAS)
A break-down of each of these topics is below.
Michael was very thorough and clear. (Easy to understand something the ATO makes complicated.) Thanks!
... AJ, Sydney, NSW
... AJ, Sydney, NSW
Tax File Number (TFN) Declarations
- Who should complete a TFN declaration
- Who should complete a withholding declaration
- How to complete TFN & withholding declarations
- Rates of income tax
- Annual rates of tax
- The Medicare Levy
- At which time is income taxable
- Payments from which tax must be withheld
- Who is an employee
- Taxation of independent contractors
- Taxing bonuses
- Taxing back pay
- Taxing annual & long service leave
- Child support
- Taxing allowances
- Variation of amounts withheld
- Allowances versus reimbursements
The Pay As You Go (PAYG) System & Payment Summaries
- Registration
- Paying workers under PAYG - Salary and Wages
- Labour hire arrangements
- Voluntary agreements
- Suppliers who do not quote an ABN
- Non cash benefits
- Personal Services Attributed Income
- PAYG Withholding categories
- Reporting PAYG Withholding and Instalments on the BAS
- Types of Payment Summaries
- Issuing a Payment Summary
- Completion of an individual non-business Payment Summary
- Annual reporting - PAYG Payment Summary Statement
The National Industrial Relations System (Forward with Fairness) including transitional measures
- Replacing Workchoices and AWA's – Transitional arrangements
- 10 National Employment Standards – Hours of work, Parental leave, Annual leave, Public holidays, Termination of employment, Personal leave, Long service leave and more
- Additional 10 Minimum employment standards for awards
- Collective Enterprise Agreements
- Common Law Contracts – The Safety Net for employee's earning under $100,000
- Re-introduction of Unfair Dismissal Laws
- Fair Work Australia
Lump Sum Payments on Termination (ETPs)
- Holiday pay
- Long service leave
- Tax free amounts
- Bona fide redundancy
- Approved early retirement schemes
- Tax-free portion (lump sum D)
- Payments to included in the tax-free portion
- Eligible Termination Payments (ETPs)
- Components of an ETP
- Taxing ETP components
- Which forms are used
- Eligible service period
- Lump sums on invalidity or death
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?
Workers' Compensation
- Who is a worker?
- What is remuneration for workcover purposes
- Accident records
- Wages declaration
The Superannuation System
- Who is / is not a worker for super purposes?
- Workers for whom super does not have to be paid
- Other exceptions
- Choice of funds
- What payroll is counted
- Treatment of certain workers
- Maximum quarterly contribution base
- Limit on Tax Deductible super contributions
- Contributions to a complying fund
- Deadlines for super contributions
- Reporting requirements
- The Superannuation Guarantee charge
- Salary sacrifice
- Employer versus employee contributions
- SHAR
- Super contributions surcharge
- Super & non-residents
- Proposed changes
Fringe Benefits Tax (FBT)
- Registration for FBT
- Assessment of Liability
- Payment of FBT
- Classifying fringe benefits
- Employee contributions
- Grossing up
- Record keeping
- Declarations
- FBT treatment of specific items eg. motor vehicles, 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
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