Payroll Q&A – Employer obligations for questions regarding reportable fringe benefits

Question Each year we get questions from employees regarding Reportable Fringe Benefits disclosed on their Income Statement that we are required to report under Single Touch Payroll and, previously, on their Payment summary. What are our obligations when dealing with these questions? Answer Another important year end function for employers is reporting an employee’s ‘reportable …

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Payroll – The Superannuation Guarantee Amnesty deadline ends 7 Sept 2020

Employers are reminded that the deadline for the superannuation guarantee (SG) amnesty is 7 September 2020. We have covered the background to and details of the SG amnesty in previous articles – please refer to our article in the 3rd April 2020 TaxEd Update entitled ‘Superannuation Guarantee Amnesty: its relevance for NFPs‘ In broad terms …

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Payroll – COVID-19 frequently asked questions

The ATO has published guidance on some employer issues arising due COVID. The material includes assistance with questions relating to FBT and superannuation. The ATO has answered some questions frequently asked by employers in relation to matters that are connected with COVID. The information is buried in the ATO website. For ease of considering immediate …

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Salary Packaging Q&A – Councillor access to salary packaging

Can a councillor salary package amounts otherwise due? Question Can a Councillor salary package amounts otherwise due from Council and instead receive use of a Council provided car (in a novated lease scenario)? Answer The simple answer is ‘yes”. However there are some important conditions that apply and it is useful to understand why salary …

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Payroll Article – NSW Council Job Retention Allowance payment

NSW has set aside funds to support a Council Job Retention Allowance of $1,500 per fortnight to limit job losses in local government. Apart from its relevance to NSW councils, councils in other jurisdictions will be interested in this development as a possible impetus for similar action in their circumstances. It is expected that many …

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Payroll – Working from home allowances vs reimbursement during COVID-19

What are the employment-related tax implications for employers and employees if an employer makes a once-off working from home allowance to an employee? What is the effect of making a reimbursement instead of an allowance? During COVID-19, many employees are required to work from home and incur working from home expenses. Some employers are providing …

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Eligibility and Payroll – A summary of the Payroll Tax COVID-19 measures

In the wake of the ever-changing COVID-19 crisis, the State and Federal Governments have released a number of stimulus and assistance measures to help ease the burden on entities and households alike. Payroll tax (PRT) has been a key focus of stimulus measures in each of the States and Territories. Whilst welcome, these PRT measures …

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Payroll – Superannuation Guarantee Amnesty: Its nature and relevance for NFPs

Employers have been obliged to make superannuation guarantee payments since the September quarter 1992. Failure to make any of the payments on time leads to liability to pay the shortfall amounts, ‘nominal interest’, administrative charges, GIC, and penalties. The amnesty which was announced in May 2018 has now been implemented. Employers and other persons (e.g. …

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