Tag "Payroll"

Payroll – What is a genuine redundancy payment?

Employers paying out redundancy payments may not be able to access the concessional genuine redundancy payment treatment they are expecting. In this article, we highlight some aspects that employers need to consider.

Read more

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 […]

Read more

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.

Read more

Payroll – What to expect from the NSW Review of Payroll Tax Administration

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.

Read more

Payroll Q&A – Superannuation guarantee: payment in lieu of notice

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 […]

Read more

Payroll Q&A – Are council subsidiaries exempt from payroll tax?

The payroll tax legislation of some states allows an exemption for the subsidiaries of councils. Does this exemption exist in Queensland payroll tax legislation?

Read more

Payroll Article – Voluntary retirement: Is it worth considering?

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.

Read more

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?

Read more

Payroll – Streamlining the transition to Single Touch Payroll

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.

Read more

Payroll Q&A – Genuine redundancy payments and entitlements under contracts

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 […]

Read more