Member Q&A – Can child support payments be salary packaged?

Question Can an employee salary package child support payments? Answer The rules regarding salary packaging are set out in Taxation Ruling TR 2001/10 and are summarized on the ATO website (click here) Subject to the usual rules being satisfied regarding what constitutes an ‘effective salary sacrifice agreement’ an employee’s child support obligations can be included …

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JobKeeper 2.0 is finally here

JobKeeper 2.0 is finally here and looks slightly different to what was originally announced back in July 2020. This article highlights some of the key changes to the JobKeeper Payment scheme between JobKeeper 1.0 and JobKeeper 2.0. For the past couple of months, the extension to the JobKeeper Payment (‘JKP’) scheme (the extension is generally …

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The Moffet case – A reminder about the possible need to pay superannuation for workers who are independent contractors

Australian employers are very much aware that they are required to provide a minimum level of superannuation support for their employees. The distinction between an employee or an independent contractor is not always clear cut and the risk for an employer of getting the status of their worker wrong can be very costly. Whether a …

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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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