Focus on key areas of the payroll function relevant to your state or territory in this practical workshop. You’ll be provided with an overview of the payroll process from start to finish, as well as potential traps and pitfalls and how to avoid them. The session covers all key tasks, from what to do with a new worker to ensuring that everything is covered when an employee leaves an organisation.
Employing staff:
- ATO registration and paperwork
- withholding declarations and tax file number declarations
- status of employees – employee or contractor?
- recordkeeping requirements
- hiring staff – what you must check
Ongoing obligations:
- allowances
- taxing allowances – when to withhold
- ATO reasonable allowances
- ATO rulings on deductibility of allowances
- pay as you go (PAYG) payment summaries
- employee reimbursements and GST
- deductions (such as employee purchases and child support)
- PAYG withholding responsibilities
- register for withholding
- determining which payments to withhold from
- reportable superannuation contributions
- implications of Higher Education Loan Program
- ATO schedules
- working out how much to withhold including PAYG variations
- reporting to and paying the ATO
- employee annual payment summaries
- annual statement to the ATO
- WorkCover
- registration
- annual obligations
- calculating WorkCover levy and premium – who employees are, what constitutes remuneration, how the rate is calculated
- superannuation obligations
- superannuation guarantee
- determining which workers are covered
- working out how much to pay – earning bases
- working out where to pay it – choice of superannuation fund
- what happens if you do not pay the minimum or do not pay on time
- government co-contribution
- payroll tax
- registration
- salary packaging
- what works and what can be packaged
- total employment costing
- fringe benefits tax (FBT)
- registration
- types of employee benefits
- exempt benefits
- calculating FBT
- recordkeeping
- reportable benefits
- lodging an FBT return
- GST implications
Ending employment:
- tax implications of resignation, redundancy, and dismissal
- taxing annual and long service leave
ETP Payment Summary
Upon completion of this workshop, you will receive:
- a course manual detailing payroll process and ATO forms
- worked examples and activities
- PowerPoint slides
“Overall, one of the best courses I’ve attended. The course notes are a handy compliment to a very effective seminar.” J Parastatidis, CPA, Victoria
Technical (competent)