Updated in August 2022, this practical course provides a comprehensive overview of the payroll process from the time an employee commences employment to the time when they cease employment.
Description
Updated in August 2022, this practical course provides a comprehensive overview of the payroll process from the time an employee commences employment to the time when they cease employment.
When an organisation begins to employ staff there are numerous obligations immediately imposed upon it, including:
- Pay as you go (PAYG) withholding
- Superannuation guarantee
- WorkCover
- Payroll tax, depending on the level of remuneration
- Fringe benefits tax if employees are provided with benefits
Key topics:
- Employing staff
- Employees or contractors
- Employer obligations
- Leave termination and COVID-19
- Ongoing obligations: pay as you go withholding
- ATO reporting and obligations
- Superannuation guarantee
- WorkCover
- Payroll tax
- Ending employment
- Salary packaging
This course covers legislation for each state and territory in Australia.
Learning objectives
- Determine the registrations required when commencing employment of new staff.
- Determine the requirements and forms new staff need to complete.
- Comply with ongoing pay as you go (PAYG) obligations (including registration, how much to withhold, differences between treatment of allowances, leave provisions, and reporting obligations to the ATO and employees).
- Calculate the various on-costs associated with employing staff (including superannuation, payroll tax and WorkCover).
- Determine the tax implications of ending staff employment (including resignation or redundancy, paying unused leave, etc.).
- Complete the necessary forms for lodging with the ATO.
- Identify the benefits of salary packaging that can be provided to employees.