In this session John Mamo will present a high-level overview on 2020 Key Rates & Thresholds with a focus on Superannuation Guarantee and tips to ensure compliance.
The update will include:
• 2020 Payroll Tax thresholds
• 2020 FBT Rates
• 2020 ETP thresholds
• 2020 Superannuation Contributions Caps (Concessional & Non-concessional)
• 2020 Maximum Super Contribution Base and common errors in its application
He will also provide worked examples and a more detailed explanation of certain employee tax debts including HELP & Division 293 and how they are impacted by the payroll process.
Chris Heyes will then discuss alternative ways to incentivise your employee group. These will be demonstrated by way of case studies with some intermittent theory and references to legislation provided to support these incentives.
These strategies and related tax impacts will be highlighted including:
• Minor & infrequent benefits
• In-house assets
• Non-financial opportunities (purchasing leave, organisation day)
• Employee share schemes
• Work conferences
• Bonuses and how these are taxed
• Use of company owned facilities
Webinar Learning Outcomes:
Attendees will be updated on 2020 key rates thresholds as they apply to the payroll process as well as end-of-year payroll considerations as they impact employees including Payment Summaries and Exceeding Superannuation Contributions Caps. You will also gain an understanding of ways to incentivise the team and the tax impacts of various strategies.
• HR Managers, Payroll Managers and Finance Team
• Suitable for all organisation sizes
• Introductory Level
Chris Heyes, Associate Partner.
John Mamo, Associate Partner.
Findex (Aust) Pty Limited (formerly Crowe Horwath).
Chris has over 20 years’ experience in Government (OSR), Mid-Tier and Big 4 accounting practices providing practical advice and compliance services in the following areas of employment tax: payroll tax, Fringe Benefits Tax, superannuation guarantee, workers compensation and PAYG withholding. Chris has proven experience across a broad range of industries and client categories including private companies, large corporations and government agencies. Chris specialises in providing tax effective solutions which contemplate both other tax and commercial considerations. Chris has assisted on both sides of the fence in a number of State payroll tax audits.
John has over 15 years’ experience in Big4 and Mid-Tier accounting firms assisting clients with a broad range of tax and compliance matters. John has worked with clients in a number of industries and client categories including technology, airlines, HNWI and their families and privately owned groups. John also has demonstrated experience in the provision of employment taxes across FBT, payroll tax and workers compensation. John was successful in having Findex appointed to the NSW wage audit panel with SIRA and was successful in having predecessor firms appointed to the wage audit panel of WorkCover (now known as iCare).
Payroll update for 2020 and employee incentive alternatives.