Payroll and Salary Packaging
When the terms payroll and salary packaging appear it means you’ve got some staff on board. Congratulations! That means your business is growing well. Now what?
Well there’s STP, PAYGW, Workers Comp, Onboarding, Salary Sacrifice, HR, IR, Notifications, Activity Statements, payruns, TFN declarations… yeah there’s a lot… It can get really confusing.
Rest easy knowing that you’ve got all the bases covered.
Together with A2 Workplace Consulting, R&R Tax Services can ensure you’re set up the right, from the first step. Then we’re with your through your ongoing payruns, any HR issues, and even employee terminations.
Contact me now to discuss your payroll or salary packaging needs.
Setting up your payroll means ensuring you have all your registrations in order. There’s potentially a lot to cover.
- Workers compensation
- Possibly even payroll tax.
You need to have proper employment contracts in place and adhere to Australian and state-wide employment rules. Do you know the difference between hiring someone on minimum wages and hiring them under a contract? Are you aware that there are rules around the hours people can work? With HR Support from A2 Workplace consulting we can ensure you are properly setup for your needs.
Salary packaging is something that a lot of employers forget about. It seems complicated. That’s because it can be. However it can also be extremely beneficial. You can use salary packaging offers to attract or retain staff. If you’re a specified non-profit you can access even more benefits.
Some of the more common ways of packaging your salary include:
- Salary sacrifice for additional superannuation contributions
- Packaging tax deductible investments such as laptops and mobiles that are used for work
- Covering costs that are deductible for your business but not for your employee. This might include relocation costs or daycare services.
Have a chat with your tax agent to understand your options today. Then get an incentive program prepared. The best part- we can manage everything for you.