Tag "Payroll"

Payroll: Cents per KM Changes

The Government’s Budget proposal to simplify and modernize the methods for calculating car work expenses has progressed. What does this mean in practice?

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Payroll Q&A – Volunteer Travel Costs

What are the tax implications where volunteers are reimbursed for reasonable travel costs at the ATO cents per kilometre basis?

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Payroll – Fly-In Fly-Out and Drive-In Drive-Outs Lose Out

Effect of Federal Budget Measures on Payroll Fly-In Fly-Out and Drive-In Drive-Outs Lose Out The Zone Tax Offset will no longer be available for these types of workers where their normal residence is not within a “zone”. Effective 1 July 2015.

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PAYG Witholding on “allowances”

Generally employers must withhold from payments to employees, directors and office holders, and this applies to all full-time, part-time and casual employees. An amount must be withheld from the following payments to employees:

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Single Touch Payroll

The Minister for Small Business, Bruce Billson MP, and the Assistant Treasurer, Josh Frydenberg MP, recently announced that the government will cut red tape for employers by simplifying tax and superannuation reporting obligations through Single Touch Payroll.

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Payroll Q&A – tax implications of a payout of a M/V Lease

An employee is being terminated and is being paid out a number of months salary as part of the termination.

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Payroll treatment of paid parental leave ‘ a confusing mess for employers

The paid parental leave scheme originally commenced on 1 January 2011. Under this scheme, eligible persons are entitled to a maximum of 18 weeks of government funded paid parental leave at the national minimum wage (currently $640.90 per week or $16.87 per hour).

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ATO ID 2014/28: Superannuation Guarantee Status of worker

It is critical to ascertain whether a worker is an employee or a contractor for income tax and superannuation guarantee purposes. The law generally requires a substance over legal form approach; consequently, there is a plethora of judicial and administrative (Tax Office) guidance but no hard and fast rules

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Tax compliance documentation when engaging employees

When a new employee commences work, it is the employers’ responsibility to: • provide the employee with a TFN declaration form • ensure the employee completes the employee section • complete the payer section • send the form to the ATO within 14 days of when employment begins. If the payee does not give the […]

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Service period to be used for determining bona fide redundancy payments

In the recent case, Australian Municipal, Administrative, Clerical and Services Union v Fairfax Regional Media – Newcastle Newspapers (Herald) [2014] FWC 5631, the Fair Work Commission has determined that past casual service is not to be counted towards the period of continuous service for the purposes of calculating redundancy entitlements for former employees of the […]

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