Enrol Now Instant Access. Payroll short course for payroll employees, HR and managers in Australia. Nationally Recognised Courses Also Available. Preview Course. Online Learning. Study at your own pace. Instant access, start NOW! Experts in Payroll Training. Start any time and study at your own pace. Instant access to PDF manual and course tutorials. Payroll Administration in Australia Course Options. Online Learning Payroll Course. Online Learning Bundle 4 Course Bundle.
Instant Access Online. Payroll Course Overview. New updated payroll course including the latest ATO rates and rulings. What you will learn Detailed Course Contents included in manual and delivered by course presenter. Payroll Administration Course Information. Certificate shown are for illustration purpose only. Classroom Course. Class Training. Course suitable for anyone involved in Payroll preparation.
Get the Course Guide. Don't miss out. Read more now. This field is for validation purposes and should be left unchanged. Exempt benefits include the following: computer software, protective clothing, portable electronic devices, briefcases, and tools of the trade. These benefits that you receive every financial year appear on your annual payment summary at the time of taxation.
As an employee, you will not have to pay tax or Medicare levy on this amount. Fringe benefits include the following: Health insurance, car loans, cars, child care fees, school fees, and other personal expenses. These benefits are termed as non-reportable fringe benefits. Some of your pre-taxable income can be re-directed into this category.
This is beneficial for both you and your employer alike. For a lot of people, this is usually lower than their marginal tax rate. Your employer is exempted from paying fringe benefits tax on super. As part of her contract negotiations, Judith has opted to salary package a new car. She has also wanted to know if she can make additional contributions to super. The value of the car will appear on her annual payment summary. Most employers need to pay FBT on the value of benefits they offer to every employee.
However, non-profit organisations are exempted from fringe benefits tax up to a certain extent, depending on the type of organisation. Hence these organisations can provide non-cash benefits to their employees more cost effectively as compared to other companies.
Non-profit organisations can also provide cash benefits such as loan repayments and entertainment from pre-tax income, which makes salary packaging attractive to their employees. It is advisable that you have a word with your employer to understand what salary packaging they offer.
0コメント