Employment Intensive - September 2021 (3 Hours of CPD)

Accountants are formally trained in accounting and tax. We are absolute experts in those areas.  But our clients want us to advise them on a myriad of business related matters and often this relates to payroll and employment, especially when it comes to structuring employment arrangements to minimise risk and on-costs such as workers comp, super, payroll tax etc. 

This masterclass not only offers a comprehensive update of the prevailing law and regulatory requirements but also covers some planning strategies to minimise risk and costs.  

You will develop a comprehensive overview of the registration, ongoing compliance requirements, prescribed forms and documentation, including hidden traps and planning tips around payroll.

Topics include:

• PAYG withholding
• Superannuation Guarantee
• Payroll tax
• Workers compensation
• Fringe benefit tax and salary packaging
• Analysis of the common law and legislative distinction between employees, deemed employees and independent contractors for purpose of PAYG, Superannuation, Payroll tax, workers compensation and FBT
• Methods for calculating employer liabilities pertaining to PAYG, Superannuation, Payroll tax and workers compensation and FBT
• Methods for calculation of the tax payable on payments received in consequence of termination of employment under each of the above instances.
• Overview of the compliance requirements and obligations imposed on employers in the event that employment is terminated pursuant to resignation, dismissal, redundancy, incapacity and retirement
• And much more