2017/18 Seminar Topics

Taxation & Payroll Seminar

  1. The Pay As You Go (PAYG) Withholding System
    1. How to register for PAYG Withholding
    2. Who is an employee
      1. Taxation of independent contractors: Alienation of Personal Services Income
        1. Self-assess or Apply for a Personal Services Business Determination
      2. Forms and processes to be completed when a new employee commences
    3. Tax File Number (TFN) and Withholding Declarations
      1. 49% withholding when no TFN is quoted
      2. Who can sign documents
      3. Who should complete a TFN declaration?
      4. Who is not required to include a TFN on the TFN declaration
      5. Items on the TFN declaration
        1. Tax File Number (TFN) (Item 1)
        2. Residency status (Item 7)
        3. Tax-Free Threshold (Item 8)
        4. Claiming Tax Offsets (Items 9 & 10)
        5. HELP (Higher Education Loans Programme) (Item 11a)
        6. Student Financial Supplement Scheme – SFSS (Item 11b)
      6. Obtaining and lodging a TFN declaration
        1. The future for TFN Declaration lodgement – External lodgement of TFN Declarations
      7. Changes to the current TFN Declaration from 1 October 2017
        1. Question 7
        2. Questions 9 and 10
    4. The Withholding Declaration (NAT 3093)
      1. When is an employee required to complete a withholding declaration
        1. Obtaining and lodging a Withholding Declaration
        2. Limitations on Withholding Declarations
    5. Applying to the Tax Office to reduce tax withholding
      1. Types of PAYG withholding variation forms
        1. How the employee accesses and lodges the variation form
        2. Start date of variation
        3. Finishing date of variation
    6. Paying salary and wages
      1. At which time is salary and wage income taxable?
        1. End of financial year payments to employees
        2. Electronic payments
      2. Payments from which tax must be withheld
      3. Subscribe to Tax Office emails
    7. General rates of income tax (incorporating Medicare levy)
      1. Tax calculator on-line and tax tables in paper form
      2. Low income tax offset
      3. Budget repair levy
      1. Medicare levy
        1. Reduction for people on low incomes (Medicare levy low income threshold)
        2. Medicare levy variations
        3. The Medicare levy surcharge due to no private hospital health insurance cover
        4. The Private health insurance rebate
        5. Pausing indexation of the Medicare levy surcharge and private health insurance rebate thresholds
      2. Foreign Employees/Non-residents
        1. Penalties for employing an illegal worker
        2. Visa Entitlement Verification Online (VEVO) for Organisations
        3. Foreign resident employees working in Australia
        4. Working holiday makers
        5. Australian Resident Employees Working in a Foreign Country
        6. Double Tax Agreements
        7. Australian Non-residents in a Foreign Country (not in Australia)
      3. Higher education debts – Employees with HELP,SFSS,TSL or SSL
        1. Threshold decreases from 1 July 2018
        2. Access coefficients online
        3. Trade Support Loans (TSL)
        4. Student Start-up Loan (SSL)
        5. Important information about taxation of employees with HELP/SFSS/TSL/SSL
        6. Proposed Budget changes to HELP
        7. Additional HELP payments – Voluntary Repayments
      4. Additional withholding when financial year contains extra pay day
      5. Short Term or Seasonal Workers
        1. Individuals employed in the horticultural or shearing industries (also see information on ‘Working holiday makers’ if holders of 417 or 462 Visas)
        2. Seasonal Worker Programme (subclass 416 visa)
      6. Performing Artists
      7. Actors, Variety Artists and other Entertainers
      8. Volunteers and Respite Workers Paid by Non-profit Organisations
      9. Religious Practitioners
        1. Withholding for religious practitioners not required in some situations
    8. Treatment of Specific Payments
      1. Taxing Annual Leave & Long Service Leave (for continuing employment)
        1. Leave Loading
        2. Pay–outs of untaken Leave
      2. Taxing Bonuses, Commissions & Back Payments (Marginal Rate Calculation)
        1. Slightly different outcomes from different methods
        2. How to work out withholding amounts
        3. Employees’ normal earnings change
        4. Withholding variation in place
        5. Employee has taken leave without pay
        6. Payments relating to a single pay period
        7. Effect of HELP and SFSS on the payment of bonuses, commissions and back payments
        8. Maximum tax rate of 49%
        9. Recording back payments, bonuses and other payments on the payment summary
        10. Other documentation required – for lump sum E back payments only
      3. Grossing up a net amount
      4. Making Adjustments for Repayment of Overpaid Amounts
        1. The process of recovery
        2. Treatment where overpayment is identified within the same financial year
        3. Treatment where overpayment identified and repaid in subsequent financial year
      5. Withholding Tax from Allowances
        1. Tax Office Guidelines for Taxing of Allowances
        2. Car expense rates for motor vehicle allowance paid on a cents per kilometre basis
        3. Daily Travel Allowance 2016/17 – Ruling TD 2016/13
        4. Reasonable Overseas Travel Allowance Amounts
        5. Overtime meal allowance
        6. Reasonable travel allowance for truck drivers
        7. Ruling may be simplified for some employers (Due March 2017)
        8. Living-Away-From-Home Allowances LAFHA (FBT Item)
        9. Part Day Travel Allowances
      6. Treatment of reimbursements
        1. Allowances vs. Reimbursements
      7. Treatment of Workplace Giving amounts
      8. Taxation of Return to Work Payments
      9. The Paid Parental Leave (PPL) Scheme
        1. Overview of employer’s role in the paid parental leave scheme
        2. Eligibility
        3. How much is paid
        4. When can employees nominate to take their paid parental leave
        5. The employee’s application
        6. Employer registration for paid parental leave
        7. Keeping in touch with the workplace
        8. Employer makes payments to employee
        9. Dept of Human Services makes payments directly to employee
        10. Other important issues
        11. Dad and Partner Pay
      10. Treatment of Child Support Deductions
        1. Protected Earnings Amount (PEA)
        2. Processing child support deductions
        3. Salary sacrifice and child support deductions
        4. Child support employer calculator
      11. Treatment of pay with purchased leave
    9. Treatment of payments made under a Labour Hire arrangement
      1. Withholding under a Labour Hire arrangement
        1. Rates of withholding under a Labour Hire arrangement
        2. Withholding is not required in all cases
        3. GST implications of a Labour Hire arrangement
        4. Treatment of reimbursements made under a Labour Hire arrangement
    10. Treatment of payments made under a Voluntary Agreement
      1. Establishing a Voluntary Agreement
        1. Arrangements suited to the establishment of a Voluntary Agreement
      2. Rates of withholding under a Voluntary Agreement
      3. GST Implications of a Voluntary Agreement
    11. Treatment of payments made to a supplier who does not quote an ABN
      1. Rate of withholding where no ABN is quoted
        1. Exceptions to Withholding Where No ABN is Quoted
      2. Statement by supplier
    12. Treatment of payments made for a Non Cash Benefit (that are not FBT items)
      1. The payer can recover the amount paid to the Tax Office
    13. References and Further Information
  2. Payment Summaries & Other Reporting Requirements
    1. Interacting with the Tax Office online
      1. How to Register for an Auskey
      2. The Tax Office’s Business Portal
        1. What can be done through the Business Portal
        2. Online forms in the Business portal
        3. Activity Statements in the Business Portal
        4. File Transfer in the Business Portal
      3. Standard Business Reporting (SBR)
      4. The Electronic Commerce Interface (ECI) – Ceasing as of December 2017
    2. Types of Payment Summaries
      1. Issuing a Payment Summary (excluding withholding where ABN not quoted)
        1. Issuing a Payment Summary Immediately at End of Financial Year
        2. Issuing on Paper
        3. Issuing Electronically
        4. If a Mistake is Made
        5. Only Individuals can receive a Payment Summary
        6. Issuing a Part-year Payment Summary
        7. Part-year payment summaries
      2. Completion of the Individual Non-business Payment Summary
        1. Avoiding Common Errors on the PAYG Individual non business payment summary
        2. Items on the Individual Non-business payment summary
      3. The Business and Personal Services Income Payment Summary
      4. The Foreign Employment Income Payment Summary
      5. The Withholding where ABN not Quoted Payment Summary
        1. Annual Reporting Requirement for No ABN Withholding
    3. Annual Reporting of PAYG Withholding Amounts
      1. Reporting annual PAYG withholding amounts electronically
        1. Reporting electronic and manual Payment Summaries at the same time
      2. Reporting annual PAYG withholding amounts on paper
        1. Amended PAYG Payment Summary Statement
    4. Reporting PAYG Withholding on the BAS/IAS
      1. Small and Medium Withholders
        1. Criteria for small withholder
        2. Criteria for medium withholder
        3. Due dates for small and medium withholders
        4. What is reported by small and medium withholders
      2. Large Withholders
        1. Due dates for lodgement and payments of PAYG withholding for large withholders
        2. What reported by large withholders
        3. Large withholders and PAYG Branches
        4. Deferment of some payments for large withholders
        5. Offsetting a GST credit against PAYG withholding liability – Large withholders
      3. Transferring amounts to the PAYG withheld section on the BAS/IAS
        1. Transferring Amounts to the Summary Section of the BAS/IAS
      4. Penalties for Late Lodgement, Late Payment and Non-payment
        1. Failure to Lodge on Time (FTL)
        2. General interest charge (GIC)
        3. Penalty for failing to withhold or pay a withheld amount
        4. Directors’ can be personally liable for company PAYG withholding obligations
    5. Taxable Payments Reporting — Building and Construction Industry
      1. Who Needs to Report?
        1. Reportable details
      2. Payments that are not reportable
        1. Payments for materials only
        2. Unpaid Invoices as at 30 June Each Year
        3. PAYG Withholding Payments
        4. Payments for Private and Domestic Projects
        5. Payments within Consolidated Groups
      3. Keeping records
      4. When to report using the Taxable Payments Annual Report
        1. Lodging the ‘Taxable Payments Annual Report’
        2. Amending a Taxable Payments Annual Report
    6. Reporting of Government Grants and Payments for Services – commenced 1/7/17
      1. When to report
      2. Entities required to report
      1. Grants
        1. What is a grant
        2. Only report grants provided to entities with an ABN
        3. Using existing reporting processes
      2. Other payments for services
        1. What is a payment for a service
        2. Payments for supplies other than services are not reportable
      3. What information will be reported
    7. Taxable payments reporting – Courier and Cleaning industries
    8. Workplace Gender Equality Reporting
      1. Relevant employers
        1. Registering for reporting
      2. Reporting
        1. What needs to be reported?
        2. What does not need to be reported
        3. When to report
        4. How to report
    9. Single touch payroll (STP) reporting
      1. About Single Touch Payroll reporting
        1. Main impact of STP
        2. Reporting to the Tax Office in real time
        3. Superannuation Funds will be required to report paid contribution s to the ATO
        4. No issuing of payment summaries
        5. Online view of tax and super information
        6. No TFN declarations or Withholding declarations
      2. Implementation by Employer type
        1. Employers with 20 or more employees
        2. Employers with less than 20 employees
        3. Headcount of your employees on 1 April 2018
        4. Definition of an employee
        5. Penalties
        6. Making corrections
      3. How to practicably introduce STP
        1. Employers using a payroll solution
        2. Employers using an accountant, bookkeeper or third party to report on your behalf
        3. Employers reporting manually on paper
        4. Applying for an exemption
      4. Transition into Single Touch Payroll
        1. Activity statement transition process
        2. ATO introduces a ‘Manage employees’ link for STP reporting on ATO Portal
      5. Commencement of a new employee
        1. Commencement date
        2. TFN Declaration
        3. TFN declaration in payroll event
      6. How are payments reported – Regular pay cycle – Payroll event
        1. Salary and Wages
        2. Superannuation
      7. Other payments – Update event
        1. Update event – Employer changes employee data outside the regular pay cycle
        2. Out of cycle payments
      8. Status of payments reported through STP
        1. Mandatory to report through STP
        2. Voluntary to report through STP
        3. Payments that can’t be reported through STP
        4. Mandatory, voluntary or can’t be reported)
      9. STP Declaration required at end of financial year
        1. Declaration for individual employee who terminates during the financial year
        2. Declaration for all employees after the end of the financial year
      10. Amended finalisation after the end of the financial year
        1. Limitation on amendment
        2. Overpayment identified after EOFY
      11. Rules for reporting certain amounts
        1. Remittance of PAYG withholding
        2. Reportable fringe benefit amount (RFBA) /Reportable employer superannuation contributions (RESC)
        3. Employment termination payments (multiple ETPs – primary key is payment date)
        4. Lump sum D
        5. Lump sum E
        6. Employee ceases work
      12. Single Touch Payroll for employees
        1. Online view of tax and super information
      13. SuperStream and STP
      14. Choice of fund and STP
        1. Standard choice form still required
        2. A chosen fund elected online must be confirmed by the Tax Office
        3. A fund chosen online in relation to other employment will not change original choice
      15. FAQ – Single Touch Payroll
    10. Treatment of Employee Share Schemes (ESS)
      1. Reporting to employees – ESS Statement
        1. Employee Share Scheme Statement
      2. ESS in a Start-up Company from 1 July 2015
      3. Reporting to the ATO – ESS Annual Report
      4. Employee Share Schemes Calculator
        1. Employer
        2. Employee
      5. Types of schemes
        1. Taxed upfront scheme – Not eligible for reduction
        2. Taxed-upfront scheme – Eligible for $1,000 reduction
        3. Start-up concession
        4. Tax-deferred scheme – Salary sacrifice
        5. Tax-deferred scheme – Real risk of forfeiture
        6. Tax-deferred scheme – Disposal restrictions
      6. Tax-deferred schemes taxing point
    11. Reporting PAYG Instalments on the BAS/IAS
      1. What are PAYG instalments?
      2. Reporting Options
        1. OPTION 1 – Pay the quarterly PAYG instalment amount advised by the Tax Office
        2. OPTION 2 – Calculate the quarterly PAYG instalment using ATO rate
        3. Varying the instalment rate
        4. Large entities to pay instalments monthly
      3. Some taxpayers excluded from paying PAYG instalments
      4. Voluntary entry into PAYG instalments
      5. PAYG instalments calculator
    12. References and Further Information
  3. The National Industrial Relations System (Fair Work)
    1. Coverage
      1. What is a Constitutional Corporation?
    2. Modern Awards
      1. Modern Awards do not apply to employees earning over the high income threshold
        1. What is the high income threshold?
        2. Which income is included for high income threshold purposes
        3. Which income is not included for high income threshold purposes
      2. List of Modern Awards
      3. Pay guides to modern awards
      4. What is contained in a Modern Award
        1. Terms that can be included in Modern Awards
        2. Terms that must be included in modern awards
      5. Updates to Modern Awards
      6. Modern Awards – Transitional Arrangements
        1. Transitional arrangements come to an end for most awards
      7. Pay and Condition Calculators and Tools (PACT)
        1. Pay Calculator
        2. Shift Calculator
        3. Leave Calculator
        4. Notice and Redundancy Calculator
        5. Access all the calculators at https://calculate.fairwork.gov.au/
      8. Award Finder
    3. Status of Agreements and Contracts
      1. Enterprise Agreements
        1. Why make an enterprise agreement?
        2. Types of enterprise agreements
        3. What can an enterprise agreement include?
        4. The enterprise agreement must not include any unlawful content
        5. What Fair Work Commission considers
        6. Better off overall test
        7. The approval process
      2. Common Law Contracts
      3. Preserved State Agreements
        1. The NES applies to ‘preserved state agreements’
        2. New employees and ‘preserved state agreements’
      4. Agreements which can no longer be entered into
    4. National Minimum Wage (NMW)
    5. National Employment Standards (NES)
      1. The NES cannot be excluded by agreement
      2. Which entitlements are addressed under the NES?
    6. Maximum Weekly Hours
      1. Reasonable additional hours
    7. Requests for Flexible Working Arrangements
      1. Eligibility for flexible working arrangements
        1. The employers response to a request
        2. Grounds for refusal
    8. Parental Leave and Related Entitlements
      1. Eligibility
        1. Eligibility when having another child
      2. Effect of the Government Paid Parental Leave Scheme
      3. Transfer to a safe job
      4. Taking Parental Leave
        1. Leave for primary carer
        2. Special maternity leave
        3. Partner who is not the primary carer can take unpaid leave
        4. Both parents taking parental leave at different times
        5. Keeping in touch days
        6. Pregnant employee may be required to take unpaid parental leave
        7. Requesting extended unpaid parental leave
      5. Unpaid parental leave’s impact on accruals and service
        1. Does paid leave accumulate during employer-funded paid parental leave
      6. Returning to work
      7. Ending employment during parental leave
        1. Employer checklist for parental leave
    9. Annual Leave
      1. Entitlement to annual leave
      2. Accrual of annual leave
        1. Accrual of annual leave, personal leave and long service leave entitlements for workers’ compensation recipients
      3. Taking annual leave
        1. Directing an employee to take annual leave
      4. Payment for annual leave
        1. Cashing out paid annual leave for award/agreement free employees
        2. Cashing out paid annual leave for employees under an award
        3. Cashing out leave for employees under a registered agreement
        4. Termination and annual leave loading
    10. Personal Leave — Includes Sick Leave, Carer’s Leave, and Compassionate Leave
      1. Entitlement and accrual of paid personal/carer’s leave
      2. Taking personal/carer’s leave
        1. Who is immediate family
        2. Notice and evidence requirements
      3. Payment for personal/carer’s leave
        1. Cashing out personal/carer’s leave
      4. Long periods of sick leave
        1. When paid sick leave runs out
        2. Terminating a person on sick leave or workers compensation – see section 4
      5. Unpaid carer’s leave
      6. Compassionate leave
      7. Use of personal leave in natural disaster or emergency
        1. Employer has to temporarily close as a result of a natural disaster or emergency
        2. Employee unable to attend work due to natural disaster or emergency
        3. Entitlement to personal / carer’s leave in disaster or emergency
        4. Personal Leave Summary Chart
    11. Community Service Leave
      1. Voluntary Emergency Management Activity
        1. Eligible Bodies
        2. Amount of leave
        3. Requirement to pay community service leave in some states
      2. Jury Duty
        1. Payment for Jury Duty
        2. Victoria, Queensland and Western Australia – No limit of Jury Service pay
        3. Jury Service and Casual Employees
      3. Notice and evidence for community service leave
    12. Long Service Leave
      1. Employee serves in more than one State
      2. Long service leave and awards prior to 1 January 2010
      3. Long Service Leave and transfer of business
      4. Portable Long Service Leave Schemes
      5. What is ‘domestic or other pressing necessity’
    13. Public Holidays 2017
      1. Local public holidays
      2. Rostering and payment for Public Holidays
        1. Public holiday falls on a day the employee would normally have worked – Employee not required to work
        2. Public holiday falls on a day the employee would normally have worked – Employee required to work
        3. Public holiday falls on a day the employee is not normally rostered to work
      3. Public holidays and leave entitlements
        1. Public holidays and annual leave
        2. Public holidays and personal leave
        3. Public holidays and unpaid leave
      4. Requesting and refusing to work on public holidays
      5. Public holiday interstate
    14. Fair Work Information Statement
      1. Employment of the same employee more than once in 12 months
      2. Obtaining copies of the Statement
    15. Statutory Bodies
      1. Fair Work Commission
      2. Fair Work Ombudsman (FWO)
    16. Worker Records
      1. What records must employers keep?
        1. General records
        2. Pay records
        3. Hours of work records
        4. Leave records
        5. Superannuation contributions records
        6. Individual flexibility arrangement records
        7. Guarantee of annual earnings records
        8. Termination records
        9. Transfer of Business records
        10. What deductions may be made from an employee’s pay?
      2. Pay Statements
        1. What information must be included on the pay slip?
        2. Requirement to report super payment date on payslips not to go ahead
        3. Best practice guidelines for issuing electronic pay slips
      3. Contravention of Record-Keeping and Pay Slip Obligations
      4. How long should records be kept
    17. Other Fair Work issues
      1. Transfer of business – When businesses change owners
        1. What’s a ‘connection’ between employers?
        2. Entitlements the new employer must recognise
        3. Treatment of other entitlements
      2. Changing an employee’s roster
        1. A regular roster
        2. Steps to consultation
        3. Other considerations
      3. Unpaid Leave
      4. Unpaid work
        1. Is unpaid work lawful?
        2. Vocational placements
        3. Unpaid trials (skill demonstration)
        4. Unpaid work experience and unpaid internships
        5. Volunteering
      5. Wage subsidies and incentive payments
        1. Mature age job seekers
        2. Apprenticeships and traineeships
        3. Youth employment package — youth jobs path (prepare — trial — hire) – proposed
      6. Recent changes to penalty rates
        1. What are the changes and who do they affect?
        2. When do the changes apply?
      7. Calculating casual penalty rates
      8. Fair Work Templates
        1. Employing staff
        2. Pay slips and record-keeping
        3. Hours of work
        4. Work and family
        5. Managing performance
        6. Ending employment
    18. Where to Get Help
      1. Contact Fair Work Commission
      2. Contact the Fair Work Ombudsman
  4. When employment ends
    1. Employment Separation Certificates
      1. Obtaining and lodging Employment Separation Certificates
      2. How can employers make enquiries about Employment Separation Certificates?
    2. Notice of Termination and Redundancy Pay
      1. Notice of termination or payment in lieu of notice
        1. Required notice periods and payment
        2. Employees excluded from the notice provisions
        3. No leave accrual for pay in lieu of notice period
      2. Resignation – how much notice?
        1. Giving more notice than required
        2. Not giving enough notice
        3. Employer doesn’t want employee to work out notice period given in resignation letter
      3. Dismissal – how much notice?
        1. Notice of termination given to the employee cannot run concurrently with a period of annual leave
        2. Continuous service
        3. Withholding entitlements if employee leaves during the notice period
      4. Leave during notice period (applies to resignation and dismissal)
      5. Redundancy Pay
        1. What is a redundancy
        2. Employees eligible for redundancy
        3. Employees excluded from the redundancy provisions
        4. Payment for redundancy
        5. Continuity of employment and redundancy pay
    3. Unfair dismissal
      1. What is an unfair dismissal
        1. Factors to be considered under a claim
        2. Process of lodging an unfair dismissal claim
      2. Unlawful dismissal
      3. The fair dismissal code for small business
        1. Summary Dismissal
        2. Other Dismissal
        3. Important Points
      4. Small business fair dismissal code checklist
    4. Ending employment – other issues
      1. Termination and leave loading
      2. When does the final pay have to be made to the employee
      3. Terminating a person on sick leave or workers compensation
        1. Workers compensation
        2. Sick leave
      4. Managing performance based termination
        1. Step by step guide to managing performance
        2. Warnings
      5. Termination and serious misconduct
    5. Taxing Annual Leave on termination
      1. Leave Loading
      1. Treatment of annual leave on resignation, retirement or performance based dismissal
        1. Annual leave paid on resignation
        2. Annual leave paid on resignation – normal earnings vary over year
        3. Employee retires and is paid out annual leave
        4. Employee is dismissed during a probationary period due to performance
        5. Employee retires and requests payment in next financial year
      2. Annual Leave for Genuine Redundancy, Invalidity and ATO Approved Early Retirement
        1. Employee is paid annual leave on redundancy after 14 years of service – genuine redundancy
        2. Employee is paid annual leave on redundancy after 5 years of service – non-genuine redundancy
    6. Taxing Long Service Leave on termination
      1. Treatment of long service leave when an employee resigns, retires or is dismissed as a result of performance.
        1. Employee commenced after 17 August 1993
        2. Employee commenced before 17 August 1993
        3. Employee commenced before 16 August 1978
      2. Long Service Leave for Genuine Redundancy, Invalidity and ATO Approved Early Retirement
        1. Employee is paid long service leave on redundancy – genuine redundancy
        2. Employee is paid pro-rata long service leave on redundancy – non-genuine redundancy
        3. Pre 16 August 1978 long service leave being received by employee under genuine redundancy
      3. No HELP or SFSS applied to lump sums on termination
    7. Genuine Redundancy and tax free amounts
      1. Overview
      2. Tax treatment of amounts paid under a genuine redundancy
        1. Tax-free limit
        2. Determining which payments can be included as a part of the tax free portion at Lump Sum D
      3. When is a termination a Genuine Redundancy and therefore tax free up to a limit
      4. Other important points about genuine redundancy
      5. Redundancy examples
    8. Approved early retirement schemes
      1. Conditions for approval
      2. Concessional treatment
    9. Employment Termination Payments (ETPS)
      1. Payments that are never an ETP
      1. Completing the PAYG Payment Summary – Employment Termination Payment
    10. Treatment of an ETP
      1. Calculating taxable and tax-free components for employees who commence employment before 1 July 1983
      2. Tax to be withheld from the taxable component of an ETP
        1. What is preservation age?
      3. The whole of income cap
        1. Amounts included when calculating if an ETP is subject to the whole of income cap
        2. Amounts excluded when calculating if an ETP is subject to the whole of income cap
        3. ETP payment type code
        4. Whole of income cap examples
        5. Income earned after termination will also be included in whole of income cap
    11. ETP examples
      1. ETP Payment Summary 1 – Sam Bloggs
      2. ETP Payment Summary 2 – Sam Bloggs
    12. Other issues –taxing termination pay
      1. 12 Month Rule
      2. Eligible Service Period
      3. Employee has variation notice in place
      4. Date calculator
    13. Invalidity Payments
      1. Treatment of annual leave and long service leave on invalidity
      2. Invalidity ETPs
        1. Invalidity example
    14. Lump Sum Payments on Death of an Employee
      1. Other important information in relation to payments after death of an employee
        1. Employees who commenced before 1 July 1983
        2. Who is a Dependant
        3. Amounts paid to the Trustee of the Estate
    15. Summary of all Payments on Termination
  5. The Superannuation Guarantee
    1. Types of superannuation funds
      1. Accumulation funds (these type of funds are covered here)
      2. Defined benefit funds
      3. Hybrid super funds
      4. Constitutionally protected funds
    2. Minimum level of superannuation guarantee contributions
      1. Which rate to apply
      2. SG percentage increase– impact on salaried/packaged employees
      3. Determining the superannuation guarantee portion of an all-inclusive amount
      4. Tax file number & superannuation funds
        1. Superannuation fund will forward no TFN contributions to Tax Office
      5. Deadlines for superannuation contributions
        1. Superannuation Guarantee (Employer Contributions) Deadlines
        2. Salary sacrifice employer contributions (Employer Contributions) – No deadlines under super legislation
        3. Voluntary employee super contributions (contributions withheld from net salary –Employee Contributions)
        4. Deadlines in relation to clearing houses
        5. Superannuation in advance.
        6. Important facts about end of year superannuation contributions
      6. The Superannuation Guarantee Charge – Penalty for Overdue Superannuation Guarantee Contributions
        1. Penalties
        2. How to inform the Tax Office of the shortfall and make the payment
        3. Circumstances under which the Superannuation Guarantee charge may be waived
      7. Contributions must be to a complying fund
        1. Retirement Savings Accounts
      8. Directors’ personal liability for Superannuation obligations
    3. Superannuation data and payment standards – Superstream
      1. What is Superstream?
        1. What employer processes are covered by Superstream?
        2. What are the main components of Superstream?
      2. Implementing Superstream
        1. Step 1: Choose how to pay
        2. Step 2: Collect information
        3. Step 3: Use SuperStream
      3. Common questions
        1. Can employers meet their Superstream obligation by paying contributions by EFT and communicating with superannuation funds electronically, without having to use a clearing house?
        2. Can employers meet their Superstream requirements in relation to self-managed superannuation funds (SMSF) by making EFT payments directly to the employee’s SMSF?
        3. What is an electronic service address?
        4. How is number of employees calculated?
        5. Can employers continue to make contributions using cheques?
        6. Can employers continue to send a paper notice or form?
      4. Enforcement of the Standard
        1. Penalties for non-compliance
        2. SuperStream notification to the Tax Office
    4. Superannuation Guarantee liability for Specific Workers / Payments
      1. Employees/payees for whom Superannuation does not have to be paid
        1. Visa/Entry Permit Exemptions
      2. Treatment of Certain Workers
        1. Payments to a Company, Partnership or Trust
        2. Short Term Employees and Casual Workers
        3. Contractors
        4. Taxi drivers
        5. Pizza delivery drivers and similar
        6. Deceased Employees
      3. What payroll is counted for Superannuation guarantee purposes (Ordinary Time Earnings OTE at stated in SGR 2009/2)
      4. Concessional contributions cap (for SG & salary sacrifice)
        1. Refund of Excess concessional contributions
        2. Catch up concessional contributions
        3. Tax rates (withheld by the superannuation fund not the employer)
        4. Defined benefit funds
      5. Maximum Quarterly Contribution Base
      6. Choice of Funds
        1. Which employees must be offered choice?
        2. Which employees are not eligible to choose a super fund?
        3. When does an employer have to provide choice?
        4. How is choice offered and received?
        5. Do I have to accept my employee’s choice?
        6. Default funds must be a ‘MySuper’ product
        7. Other Choice of Funds Issues
        8. Super Clearing House
        9. Penalties for Failure to Comply with Choice Requirements
    5. Superannuation & salary sacrifice
      1. Salary sacrificed superannuation contributions are employer contributions
      2. How does salary sacrifice work?
      3. A salary sacrifice arrangement must be ‘effective’. How is this achieved?
        1. An agreement should exist between the employee and employer
        2. It must be an arrangement before services
      4. What salary is the superannuation guarantee based on when an employee salary sacrifices to a superannuation fund?
        1. Option 1 – Employer continues to pay superannuation guarantee based on pre-salary sacrifice wage
        2. Option 2 – Employer pays superannuation guarantee based on post-salary sacrifice wage
        3. Option 3 – Employer uses salary sacrifice amount to reduce superannuation guarantee liability
      5. Superannuation contributions made under an effective salary sacrifice agreement are not fringe benefits
      6. The effect of salary sacrifice on other entitlements
      7. How much can be salary sacrificed?
      8. Proposed first home super saver scheme
        1. Employees who can salary sacrifice
        2. Self-employed taxpayers and employees who are unable to salary sacrifice
        3. Accessing funds
        4. Example: Boosting Michelle and Nick’s first home deposit
        5. Online calculator
        6. Compliance issues
        7. Effect on other government payments
        8. Non-concessional contributions (post-tax) to the scheme
      9. Employees can claim deductions for personal super contributions
        1. What impact does this measure have on superannuation salary sacrifice arrangements?
        2. Who is eligible to claim a deduction?
        3. Age restrictions
        4. How the employee can make a claim
        5. Approved form for making a claim
        6. When to give your notice of intent
        7. How to complete your tax return
        8. The effects of claiming a deduction
    6. Reportable Employer Superannuation Contributions (RESC)
      1. Reportable Superannuation Contributions
        1. Salary sacrifice contributions
        2. Additional contributions as part of original agreement or contract
        3. Contributions made for high income earners
      2. Superannuation contributions which are not reportable
        1. Superannuation contributions made under federal, state or territory legislation
        2. Superannuation contributions in excess of the superannuation guarantee requirement, made for administrative simplicity
        3. Superannuation contributions in excess of the superannuation guarantee requirement where the employee had no capacity to influence the size of the contribution
      3. Other RESC Factors
        1. The reporting period
        2. Record keeping
        3. The effect on employees
    7. Other Superannuation Information
      1. Record keeping requirements for superannuation
      2. Non-residents can access their superannuation early
        1. Unclaimed amounts
      3. Splitting of superannuation contributions
        1. Which contributions can & can’t be split?
      4. Superannuation Co-contribution for low income earners
        1. Super co-contribution for self employed individuals
        2. Income for superannuation co-contribution purposes
        3. Super co-contribution calculator
      5. Status of Superannuation Fund Expenses Paid by the Employer
    8. References & Further Information
      1. Useful Websites
  6. Fringe Benefits Tax (FBT)
    1. Liability to FBT
      1. Fringe benefits tax year & assessment of liability
    2. Calculating FBT in Summary
    3. Classifying fringe benefits, grossing-up fringe benefits & calculating of the FBT payable
      1. Gross-up rates for 2017/18
        1. Gross up rates increase from 1 April 2017
        2. Higher gross up rate (Type 1)
        3. Lower gross up rate (Type 2)
      2. Summary of last FBT year, current FBT year and future years
      3. GST inclusive value is used
    4. Employee cash / expense contribution to fringe benefit
      1. Employee contributes cash
      2. Employee pays expenses
    5. Record keeping
      1. Record Keeping Exemption for Small Business
        1. Proposed increase to Small Business Entity Turnover Threshold
      2. Declaration
        1. Changes to employee FBT declaration forms
    6. Specific Treatment of Cars & Related Fringe Benefits
      1. Determining the taxable value of a motor vehicle
      2. The statutory formula method
        1. Determining the base value of the car (A)
        2. Determining the statutory percentage (B) for contracts to purchase/lease a motor vehicle entered into after 10 May 2011
        3. Determining the statutory percentage (B) for contracts to purchase/lease a motor vehicle entered into on or before 10 May 2011
        4. Determining the number of days available for private use (C)
      3. The Operating Cost Method
        1. Calculation
        2. Actual operating costs
        3. Deemed operating costs (not included for leased vehicles)
        4. Using a Log Book to determine the business/private usage
        5. Odometer records
        6. Replacement cars
      4. Simplified approach to car fringe benefits for employers with fleet cars
      5. FBT Exempt Motor Vehicles
        1. Exempt Non-cars
        2. Exempt Cars
        3. Eligibility criteria that needs to be met for exemption to apply to both Non-cars and Cars
        4. FBT treatment of non-car that do not meet eligibility criteria
      6. Novated leases
        1. Full novation
        2. Split full novation
        3. FBT consequence of full novations or split full novations
        4. FBT consequence of employee purchasing car at less than market value
        5. Transfer of lease to new employer
      7. Road tolls
        1. Does any exemption apply to road to tolls?
        2. Valuation options for road tolls
      8. Car parking
        1. Car parking fringe benefit
        2. Car parking expense payment fringe benefits
        3. Employers exempt from car parking/car parking expense fringe benefits
        4. Small / Medium business car parking exemption
    7. Specific Treatment of Other Fringe Benefits
      1. Expense payments
        1. Credit card payments
      2. Other benefits (“residual” benefits)
      3. Meals & board
        1. Exemption for meals provided by primary producers in remote areas
      4. Housing
      5. Property and Goods
      6. Airline Transport
      7. Loans/Debt Waiver
      8. Entertainment Expenses
        1. Summary of changes to Meal Entertainment from 1 April 2016
        2. Meal Entertainment Indicators
        3. Valuing entertainment
        4. Specific information about Christmas parties
        5. Gifts and recreation
        6. Entertainment Table
        7. Food or drink provided to employees while on business travel overnight
      9. Benefits Provided by a Third Party
    8. Living-away-from-home allowance (LAFHA)
      1. LAFHA eligibility
        1. Guidelines for determining whether an employee is living away from home
        2. Employees generally regarded as living away from home
      2. Benefits an eligible employee can receive
        1. Exempt accommodation component
        2. Exempt food component
        3. Reasonable food amounts for employee’s outside of Australia
      3. Substantiation of expenses
      4. LAFHA is an exempt benefit only for the first 12months
      5. Fly-in fly-out/drive-in drive-out workers complete declaration
    9. Exemptions, Reductions & Concessions
      1. Benefits to which FBT does not apply
      2. Minor benefits
        1. Tax Office examples
      3. Remote Area housing
        1. Boundaries for remote area housing
        2. Full exemption where employer leases or owns remote area property
        3. Exemption for meals provided by primary producers in remote areas
        4. Remote Area Concessions
      4. Concessions for employees posted overseas
        1. Holiday transport – overseas employment
        2. Education of children – overseas employees
      5. Relocation exemptions
        1. Temporary accommodation at former location
        2. Temporary accommodation at new location
        3. Engagement of relocation consultant
        4. Removals and storage of household effects
        5. Sale or acquisition of dwelling
        6. Connection or reconnection of certain utilities
        7. Transport
      6. Work-related items
        1. What is a portable electronic device
        2. Limitations on exemption
        3. What is ‘primarily for use in the employee’s employment’?
        4. Replacing work related items
        5. Only one work related item with a substantially identical function to another work related item can be exempt in the same FBT year
        6. Can a laptop and a tablet both be considered exempt eligible work related items in the same FBT year?
        7. What can be included/bundled in the purchase of a laptop
        8. Small business can provide employees with work related items with substantially the same function
    10. ‘In-house’ fringe benefits
      1. No ‘in-house’ exemption for gift vouchers
      2. No in-house fringe benefit concession for salary sacrificed items
      1. Long service awards
      2. Certain payments to employee entitlement funds
      3. Other exemptions
      4. Reducing liability by applying the ‘Otherwise Deductible’ rule:
      5. Employees’ clothing / uniforms
        1. Registration of Non-compulsory Uniform/Wardrobe
        2. Review of tax deduction rules for non-compulsory uniform expense
    11. Salary Sacrifice
      1. Important notes about salary sacrifice
      2. Salary Sacrifice Scenarios
    12. Employers who are exempt (or partly exempt) from FBT and employers who receive an FBT rebate
      1. Organisations entitled to full FBT exemption
        1. Religious Institutions
      2. Organisations entitled to a FBT exemption up to the grossed up capping value of $30,000
        1. Public Benevolent Institutions and Health Promotion Charities
        2. Endorsement arrangements for PBIs and Health promotion charities (HPC)
      3. Organisations entitled to a FBT exemption up to the grossed up capping value of $17,000
        1. Hospitals (including Public Ambulance Services)
      4. Employers who are entitled to an FBT rebate of up to $30,000 grossed up
        1. Non-Profit Organisations
        2. Rebate percentage aligned to FBT tax rate
        3. Which non-profit organisations are rebatable?
        4. Formula to calculate rebate & FBT payable
        5. Tax-exempt body entertainment fringe benefit
        6. Only the actual method can be used for valuing salary sacrificed meal entertainment benefits
      5. Benefits excluded (wholly or partly) from FBT capping measures
        1. Car parking
        2. Meal entertainment & Entertainment facility leasing expenses (EFLE)
        3. FBT Tip
        4. Avoid exceeding the $5,000 grossed-up meal entertainment/EFLE cap in 2017/18
        5. Avoid exceeding the $5,000 grossed-up meal entertainment/EFLE cap in 2016/17
        6. Exceeding the $5,000 cap
        7. FBT Alert – The cap does not go both ways
        8. What is meal entertainment
        9. What are Entertainment facility leasing expenses (EFLE)
    13. Reportable Fringe Benefits
      1. Record keeping for reportable fringe benefits
      2. Treatment of reportable fringe benefits by exempt and rebatable employers
      3. Fringe benefits exempt from reporting requirement
      4. No reporting required for pooled or shared vehicles
      5. Which employees will have a reportable fringe benefit amount
        1. Employees who receive fringe benefits with a taxable value of over $2,000
        2. Treatment of Reportable Fringe Benefits for Part-year Employees
      6. Calculating the Reportable Fringe Benefit Amount
      7. Use GST inclusive value but only gross up at the lower rate
      8. Where is the Reportable Fringe Benefit Figure Shown
        1. Proposed FBT exemption code
      9. Reportable Fringe Benefits – The Effect on Employees
        1. How is the reportable figure used by Dept of Human Services
    14. The Fringe Benefits Tax Return
      1. Lodgement
        1. Who Must Lodge an FBT Return?
        2. How to lodge the FBT return
      2. Completing the Fringe Benefits Tax Return
        1. When a mistake is made
      3. Paying FBT
        1. Paying FBT instalments in the following year
      4. Fringe Benefits Tax and the BAS
        1. Lodgement & payment dates
        2. Completing the FBT instalment section
        3. Transferring amounts from the FBT instalment section to the summary section
    15. References & Further Information
  7. Workers' Compensation
    1. Workcover National Harmonisation Plan
      1. Workers’ Compensation Guidance Material
    2. Cross Border Arrangements
      1. The ‘State of Connection’
      2. Supporting documentation
      3. Temporary work interstate for the same employer
      4. Practical examples
    3. Defining Workers, Employees, and Contractors
      1. New South Wales
        1. Deemed workers
        2. Who is not considered a Worker?
        3. Contractor or worker tool
        4. Excluded remuneration
        5. Contractor or Subcontractor Liability – Subcontractor statement
        6. Notes about Subcontractor statement
        7. Claims while on a journey in NSW
        8. Grouping rules in New South Wales
      2. Victoria
        1. Examples of Workers
        2. Who is not considered a Worker?
        3. Worker and Contractor Assessment Tool
        4. Excluded Remuneration
      3. Queensland
        1. Examples of workers
        2. Who is not considered a Worker?
        3. Using the ATO criteria to ascertain whether a person is a worker or contractor
      4. South Australia
        1. Who is a Worker
        2. Who is not considered a worker?
      5. Northern Territory
        1. Deemed Workers
        2. Who is not eligible for WorkCover?
      6. Australian Capital Territory
        1. Examples of Workers
        2. Who is not considered a Worker?
        3. Contractors
      7. Tasmania
        1. Excluded workers
        2. Contractors
      8. Western Australia
        1. Examples of Workers
        2. Who is not considered a Worker?
        3. Contractors
    4. What remuneration is included for workers’ compensation purposes?
    5. Other issues
      1. Payments to entities other than individuals
      2. Impact of the GST
      3. Accrual of leave entitlements for workers’ compensation recipients
    6. References & further information
  8. Payroll Tax
    1. Australia wide payroll website
    1. Harmonisation
      1. Harmonisation of Payroll Tax Revenue Rulings
    2. Exemptions and Rebates
      1. General Exemptions for all States
      2. New South Wales
        1. Selected apprentices and trainees through group training organisations
        2. Jobs Action Plan Scheme
      3. Victoria
        1. Exemption for wages of displaced apprentices:
        2. The back to work (btw) scheme
      4. Tasmania
      5. South Australia
        1. South Australia Small Business Payroll Tax Rebate
        2. Film production exemption
      6. Queensland
        1. Exemption for Apprentices and Trainees
        2. Rebate for Apprentice/Trainee wages
        3. Film production incentives scheme
        4. Wages paid by the following QLD employers may be exempt in certain circumstances:
      7. Northern Territory
        1. Apprentices and Trainees
      8. Western Australia
        1. Exemption for Apprentices and Trainees
        2. Exemption for Disability wages
      9. Australian Capital Territory
        1. Exemption for long term unemployed workers
        2. Exemption for Approved Group Training Organisation Apprentices and Trainees
      10. Registration requirements
        1. Important points
      11. Cancellation of registration
    3. Where is Payroll Tax Payable
      1. Where services are performed entirely in one jurisdiction
      2. Where services are performed in more than one Australian jurisdiction and / or partly outside all Australian jurisdictions
        1. Test 1—Employee’s principal place of residence
        2. Test 2—Employer’s ABN address or PPB
      3. Employment in another country
        1. Employees working in another country—assignment for less than six continuous months
        2. Employees working in another country—assignment more than six months
      4. Services performed offshore
      5. Wages paid in a foreign currency
    4. Records
    5. Payroll Tax & GST
      1. GST component of taxable wages is excluded for payroll tax purposes
    6. Grouping of Employers
      1. Common employees
      2. Controlling interest
        1. Tracing provisions of interests in corporations
      3. Commonly controlled businesses
      4. Related under corporations law
    7. Thresholds & Rates
      1. Monthly Returns and Annual Adjustments
        1. Reduced amount of returns required by some small to medium size businesses
        2. Return of fringe benefits tax amounts
      2. Reduction of thresholds & Calculation of Payroll Tax Payable
        1. What is the allowable reduction?
    8. Payments to Contractors –  All jurisdictions except WA
      1. Relevant/Service contracts are taxable
      2. Exclusions/Exemptions
      3. South Australia – Relevant Contracts Decision Tool
    9. Payments to Contractors – Western Australia
    10. What are Wages
      1. Payments assessable for payroll tax?
      2. Notes:
    11. Further information
  9. Goods & Services Tax (GST)
    1. Goods and Service Tax
      1. Activities excluded from the GST base
      2. Inclusions in the GST base
    2. Registration
      1. Who is required to register?
      2. What is Annual Turnover (for GST purposes)?
      3. When to Register
      4. How to register for GST
      5. Consequences for entities who fail to register when required
      6. Should entities with a low turnover choose to register?
      7. Taxi drivers must register regardless of turnover
      8. Special rule for Charities/Non-Profit Organisations
      9. Cancelling GST registration
        1. How to cancel registration
    3. How does the GST work?
      1. When can you claim GST credits?
      2. When can’t businesses claim GST credits?
      3. GST credits and income tax deductions
      4. Special rules for claiming GST Credits
        1. Other special rules for claiming GST credits
      5. Acquisitions through agents for non-residents
      6. GST refunds as a result of capital items purchased
      7. GST refunds as a result of an error on previous BAS
      8. Entitlement to a refund
    4. Attribution rules
      1. Accounting for GST on a cash basis
      2. Accounting for GST on a non-cash basis
      3. Attribution rule for lay-by sales
      4. Attribution rule for security deposits
      5. Attribution rule for sale of land under a standard land contract
      6. Attribution rule for gift vouchers
      7. Other special attribution rules
    5. Tax Invoices
      1. What is a valid tax invoice?
        1. Recipient-created tax invoices
      2. What if a document does not contain all of the required information?
      3. What if you claimed a GST credit without having a valid tax invoice?
      4. How does the Tax Office deal with missing or invalid tax invoices?
      5. Situations where a tax invoice may not be required
    6. Making Adjustments
      1. What are adjustments?
      2. When do you make an adjustment?
      3. Information requirements on adjustment notes
        1. Standard adjustment note
      4. Adjustments can be reconciled on the BAS in one of two ways
      5. Making Adjustments for Financial Supplies
      6. Return for a Repair is not an Adjustment Event
    7. Supplies which are GST-free
      1. More information
        1. Food
        2. Health
        3. Education
        4. Non commercial activities of charities
    8. Supplies which are input taxed
      1. Financial supplies
        1. More Information about Financial Supplies
      2. Residential Premises
        1. The Sale and Leasing of Residential Premises
        2. Sales by a developer
        3. More information about Residential Property
      3. Other Input Taxed Activities
    9. Simplified Accounting
      1. Simplified accounting methods for food retailers
    10. GST cross-border transactions – Imports
      1. Australian businesses
        1. GST-registered importers – Calculating Custom Value
        2. Overseas freight and insurance amount for customs valuation purposes is unknown
        3. Handling & Delivery Costs of Imported Goods
        4. Paying GST on Imports
        5. Deferring GST payments on imported goods
        6. Australian businesses supplying services to non-resident businesses
      2. Non-resident businesses
        1. The test for running an enterprise in Australia
        2. Supplies ‘not connected with Australia’
        3. Non-resident business turnover for GST
        4. Non-resident businesses with an Australian resident agent
        5. Reverse charge for supplies – Recipient accounts for GST
      3. Imported digital products and services
        1. Products
        2. Registering for the Australian GST
      4. Imports which are not taxable for GST purposes
        1. Applying GST to low value goods imported by consumers – Proposed
    11. Other Issues
      1. Treatment of Goods on Consignment
      2. Pricing Requirements
      3. Lease Arrangements
        1. Leasing Motor Vehicles
      4. Hire Purchase
        1. If you account for GST on a non-cash (accruals) basis
        2. If you account for GST on a cash basis
        3. Change from 1 July 2012
      5. Motor Vehicles
        1. New Motor Vehicles
        2. Second-hand Vehicles
        3. Trade-ins
        4. Treatment of Luxury Cars
        5. Disposal of a motor vehicle by a charity
      6. Status of Government Fees
        1. Government Agencies must self-assess whether their charges are exempt
      7. How to determine whether the sale or purchase of a product or service is connected with Australia
      8. Gambling
      9. Second-hand Goods
      10. GST Groups
      11. Prizes
        1. Professionals
        2. Amateurs
      12. Wine equalisation tax
      13. Mutual Bodies
      14. Accounting for GST for Income Tax Purposes
      15. Australian Business Number
        1. Having an ABN is not compulsory
        2. Those carrying out an enterprise can apply
      16. Treatment of Property
        1. GST property tool
        2. Selling Commercial Property
        3. Renting out/Leasing out Commercial Property
        4. Selling Existing Residential Property
        5. Selling New Residential Property
        6. Renting out/Leasing out Residential Property
        7. Long Term Commercial Residential Accommodation
        8. Short Term Commercial Residential Accommodation
      17. Insurance
        1. Information for Businesses about Settlement Payments
        2. Insurance and Court Settlements
        3. Court orders and out of court settlements
      18. Reimbursements & Disbursements
        1. Agents and Disbursements
        2. Employers and Reimbursements
      19. Issues for Charitable and Non-profit Organisations
  10. Reporting GST on the Business Activity Statement (BAS)
    1. Instalment Activity Statement (IAS)
    2. Business Activity Statement (BAS)
    3. Due dates
      1. Extensions for Lodging Quarterly BAS
      2. Methods of lodging
        1. Paper lodgement
        2. Electronic lodgement
        3. Sole Traders on myGov
        4. Compulsory electronic lodging and payment of BAS for large payer
      3. Annual Reporting
      4. Lodgement and Payment
        1. Penalties for late lodgement of Business Activity Statements (BAS’s)
      5. End of Tax Period May Vary
        1. Concluding Tax Periods
      6. Simpler BAS for small businesses
        1. Simpler BAS option available to New Small Businesses from January 19, 2017
    4. Individuals must be registered to provide BAS Services
      1. Who needs to register as a BAS agent?
      2. BAS and Tax Agents need to complete Annual Declaration with the Tax Practitioners Board (TPB)
        1. Continuing professional education
        2. Your training counts toward your CPE hours
    5. Accounting for GST
      1. Accounts method
        1. Who can use the Accounts Method
      2. Interactive GST Calculation Sheet (to be completed online)
    6. BAS Reporting Options for GST (Not including Annual Reporting)
      1. Option 1 — Pay GST Quarterly & Report Quarterly (monthly for large payers)
        1. Completing the GST Section on the front of the BAS
        2. Completing the summary section on the back of the BAS
        3. Determining amount owed or refundable
      2. Option 2 — Pay GST Quarterly & Report Annually
        1. Completing the GST Section on the front of the BAS
        2. Completing the summary section on the back of the BAS
        3. Annual Reporting Requirement
      3. Option 3 — Pay Tax Office GST instalment Quarterly & Report Annually
        1. Completing the GST Section on the front of the BAS
        2. Varying the pre-printed ATO Instalment Amount
        3. Completing the summary section on the back of the BAS
        4. Annual Reporting Requirement
        5. Completing the summary section on the back of the Annual Report
    7. Specific Issues
      1. Nothing to Report or not Trading
      2. Correcting GST Errors
        1. Correcting an error on a later activity statement
        2. How to make corrections on a later activity statement
        3. Revising the original activity statement
      3. Zero amounts can be reported via telephone
        1. Reducing net value to the limit
      4. Electronic lodgement and payment requirement for businesses with $20 million or more GST turnover
      5. Claiming GST credits for hire purchases on the BAS
        1. If you account for GST on a non-cash (accruals) basis
        2. If you account for GST on a cash basis
      6. The BAS & lease agreements
      7. BAS payment cards for taxi drivers
      8. BAS information for GST groups
      9. BAS information for GST Branches
      10. The Fuel Tax Credit Scheme
        1. Which fuels are eligible for the credit
        2. Ineligible fuels
        3. Fuel tax credit rates
        4. Fuel tax credit eligibility tool
        5. Fuel tax calculator or step by step instructions
        6. Time limit for claiming GST and fuel credits
    8. Payment Methods
      1. Electronic Methods (Compulsory for large withholders of PAYG)
        1. By direct credit
        2. Direct debit payments
        3. Biller Code 75556
      2. Other Payment Methods (not available to large withholders)
        1. By mail
        2. Post office payments
    9. References & Further Information
      1. Informative Web Sites & Tools

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