| Tax
Guide
Salary Packaging
Salary Packaging is still the subject of “ myths and
legends “ where-in many employees believe that they
can receive substantial benefits from their employer but not
pay income tax, or at worst, a reduced rate of tax to that
which they would pay if they received a straight cash salary.
Consequently employers and accountants are being requested
to structure packages on behalf of employees, and whilst some
will work, and work well, others can result in the employee
being worse off than if a cash salary was taken.
In this practice various packaging options and strategies
will be examined, as well as the principles on which salary
packaging is structured so that appropriate advice can be
provided to both employers and employees.
This is a practical hands-on workshop and worked examples
and participant case studies will be used to demonstrate the
various alternatives and outcomes which can be examined and
evaluated.
Matters:
* Determination of what constitutes Salary Packaging
* Impact of GST on packaging
* Impact of Reportable Fringe Benefits on Payment Summaries
* What arrangements may be of benefit and what arrangements
may not
* How to conduct a salary packing evaluation.
BENEFITS
Tax payer will be able to confidently identify the appropriate
Salary Packaging options to meet the requirements of individuals
and businesses and will gain detailed knowledge in the use
of data necessary for the completion of Salary Packaging proposals.
Participants will participate in a series of detailed practical
case studies involving the actual completion of a variety
of Salary Packaging alternatives.
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