Payroll – Why do we need to disclose exemption from FBT under s. 57A on an employee’s payment summary form?
Payment summaries now require an employer to indicate whether they are exempt from FBT under s. 57A of the FBTAA. This is due to changes to eligibility measures for various Federal Government benefits, payments and income tests. Specifically, The Department of Human Services (DHS) has changed how reportable fringe benefits amounts (RFBAs) are used to […]
Payroll – Payroll tax on contractors: Can revenue offices impose additional payroll tax conditions that aren’t legislated?
It may seem that the state and territory revenue offices have the final say. But can revenue offices impose additional conditions on taxpayers when these conditions aren’t included in the relevant legislation? This article discusses the wider implications of the outcome of a recent case involving payments to contractors in Victoria.
All readers that are interested in payroll tax should consider the outcome of the NSW Review of Payroll Tax Administration. The review should be regarded as a useful predictor of developments in all states and territories, not just NSW.
Question We have a case where an employee is terminating employment and our organisation (the Council) is paying the employee XX* weeks’ pay in lieu of notice. According to SGR 2009/2, payments in lieu of notice are considered ordinary time earnings (OTE) (see paragraph 38). Therefore, super would be payable because the payments are equivalent […]
The payroll tax legislation of some states allows an exemption for the subsidiaries of councils. Does this exemption exist in Queensland payroll tax legislation?
Severance payments made under an ATO approved early retirement scheme are subject to a tax-free threshold. This article explores the tax implications of certain early retirement packages that may incentivise voluntary retirement for your employees.
Payroll Q&A – Do the new ‘Black Economy’ measures for PAYG withholding apply to income tax exempt bodies?
There is legislation currently sitting before parliament which apply to payers that have failed to withhold from payments of salary and wages to their employees. If passed, will the new legislation apply to income tax exempt bodies?
Are you finding it impractical to provide a written declaration each time a registered agent lodges a STP pay event on your behalf? The ATO has responded to recent feedback by allowing eligible parties to sign an annual declaration to streamline the new reporting process.
Question Under our employment contracts, there is usually a clause included that there will be a payment for one month’s salary for normal terminations and a payment of six months’ salary for a redundancy. In the case of a genuine redundancy, would this mean that the first one month’s salary payment would be treated as […]