Originating Author: Revised by: ISBN th Edition Revised June BSBFIA302A Process Payroll BSBADM308A Process Payroll
|
|
- Gillian Blake
- 8 years ago
- Views:
Transcription
1 A Step by Step Approach to Processing Payroll using MYOB AccountRight Plus v19 Copyright Notice: Copyright 2011 Software Publications Pty Ltd. All rights reserved. No part of this material may be reproduced or copied in any form or by any means (graphic, electronic or mechanical, including photocopying or by information retrieval systems) without permission in writing from Software Publications Originating Author: Marian Brown, Dip Teach [Commerce], MICB BAS Agent Cert IV Training and Assessment, Cert IV in Financial Services [Bookkeeping] MYOB Certified Consultant for 16 years MYOB Accredited Author, MYOB Accredited Trainer Revised by: Leanne Berry, MICB Cert IV Workplace Training and Assessment, Cert IV in Small Business Management, Cert IV in Frontline Management, Cert II in Quality Management MYOB Certified Consultant for 6 years MYOB Accredited Trainer, Member MYOB Partner Advisory Group BAS Agent The Numbers Game leanne@thenumbersgame.com.au Publishers: Software Publications Pty Ltd [ABN ] Head Office Sydney Unit 10, 171 Gibbes Street Chatswood NSW 2067 Phone: Web address: ISBN th Edition Revised June 2011 BSBFIA302A Process Payroll BSBADM308A Process Payroll Copyright 2011 Software Publications Pty Ltd BSBFIA302A/BSBADM308A Process Payroll v19 i
2 Copyright/Trademark Information: MYOB, MYOB AccountEdge, MYOB AccountRight, MYOB AccountRight Plus, MYOB BusinessBasics, MYOB FirstEdge, MYOB M-Powered, MYOB M-Powered Services, MYOB M-Powered Bank Statements, MYOB M-Powered Invoices, MYOB M-Powered Payments, MYOB ODBC Direct, MYOB PowerPay, MYOB AccountRight Premier and MYOB AccountRight Enterprise are registered trademarks or trademarks of MYOB Technology Pty Ltd and their use is prohibited without prior consent. Ceedata, Solution 6 MAS and Xlon are registered trademarks or trademarks of Solution 6 Holdings Limited, a member of the MYOB group. Bpay is a registered trademark of Bpay Pty Ltd, ABN MasterCard is a registered trademark of MasterCard International Inc. Microsoft, Access, Excel, Internet Explorer, Office, Outlook, Smart Tags, Windows and Word are registered trademarks or trademarks of Microsoft Corporation in the United States or other countries. VISA is a registered trademark of Visa International Service Association. Other products mentioned may be service marks, trademarks or registered trademarks of their respective owners. Screen captures from MYOB AccountRight Plus v19 reproduced with permission. Limitations of Liability: This material is designed to provide basic information on how to use MYOB AccountRight/AccountRight Plus v19. Because business circumstances can vary greatly, the material is not designed to provide specific GST or business advice for particular circumstances. Also, because aspects of the GST are complex and detailed, the material is not designed to comprehensively cover all aspects of the GST. Further, the laws implementing GST and rulings and decisions under those laws may change. Before you rely on this material for any important matter for your business, you should make your own enquiries about whether the material is relevant and still current, and whether it deals accurately and completely with that particular matter; and as appropriate, seek your own professional advice relevant to that particular matter. This information is for the general information of MYOB clients and is not to be taken as a substitute for specific advice. Consequently Software Publications Pty Ltd, Leanne Berry and Marian Brown will accept no responsibility to any person who acts on information herein without consultation with Software Publications Pty Ltd. The information in this book is relevant to MYOB AccountRight Plus v19. Earlier or later versions of MYOB AccountRight software could change the instructions in this workbook. References to websites may also change owing to the changing nature of this type of information. Please note: The information in this workbook is accurate at the time of printing [June 2011] only. Because payroll legislation and associated websites are constantly changing, URL S and screen dumps of websites in this workbook may have changed. ii BSBFIA302A/BSBADM308A Process Payroll v19 Copyright 2011 Software Publications Pty Ltd
3 Unit 5: Payment of Deductions Withheld Learning Outcomes On completion of this unit, you will be able to record the payment of superannuation to Superannuation Funds; print an Instalment Activity Statement for the month; record the payment of PAYG Withholding to the ATO; record the payment of deductions; and print a Trial Balance. Software Publications Pty Ltd 2011 BSBFIA302A/BSBADM308A Process Payroll v19 Unit 5: Deductions 99
4 PRINTOUT 9 Superannuation Accrual by Fund [Detail] (i) (ii) (iii) (iv) Select Reports in the Command Panel. Select Payroll Reports. Under the Superannuation heading, double-click on Accrual by Fund Detail. In Report Customisation, select All Funds for the Current month. (v) Select the Report Field TAB and select Employee Membership # like this: (vi) (vii) Select Display. In Screen Report, change the width of columns so that this report can be printed on A4 Portrait paper like this: Column width can be adjusted by clicking and dragging on the next to the column headings. indicators The body font size can be changed in Customise, Format so that the report can fit on the page if needed. (viii) Print a copy of this report. 100 Unit 5: Deductions BSBFIA302A/BSBADM308A Process Payroll v19 Software Publications Pty Ltd 2011
5 Your report should look like this. Return to the Command Centre. Software Publications Pty Ltd 2011 BSBFIA302A/BSBADM308A Process Payroll v19 Unit 5: Deductions 101
6 Entering the Payment of Superannuation by cheque on 5th of next month To record the payment to Asgard Superannuation Fund : (i) (ii) (iii) Select the Payroll Command Centre. Select Pay Liabilities. Select the following options to pay superannuation to Asgard (iv) (v) (vi) Check the amount with Printout 9 on the previous page. Select the payment of this amount and complete the cheque. Record the payment. Record the payment to Sunsuper in the same manner. 102 Unit 5: Deductions BSBFIA302A/BSBADM308A Process Payroll v19 Software Publications Pty Ltd 2011
7 @ Superannuation Guarantee a guide for employers As the employee processing pays, you should have access to the above document. Go to or google and search for NAT 1987 [mentioned in Unit 2]. This document is almost 40 pages long. View the document and be aware of the content so that you can refer to this document at any time. Reprinted below are the payment rules and regulations. Quarter Cut off dates for contributions 1 July 30 September 28 October 1 October 31 December 28 January 1 January 31 March 28 April 1 April 30 June 28 July If you currently make more frequent contributions due to the conditions of your industry fund, an award obligation, an agreement or through personal choice, you should continue to do so. From 1 July 2005, employees could choose their own Superannuation Fund. If eligible, employer must hand the Standard Choice Form to new employees within 28 days of starting work. To print the Standard Choice Form in AccountRight, select the following option in the employees Payroll Details. If no fund is selected by an employee, then superannuation will be paid into the employer s default fund. This fund must have provisions for default death cover and must be a complying fund with minimum life insurance. Employees will be able to exercise choice of super fund every 12 months. Employers must keep fund records for 5 years after termination. For more information on Choice of Fund: mnu=1101&mfp=001/002&st=&cy=1 Software Publications Pty Ltd 2011 BSBFIA302A/BSBADM308A Process Payroll v19 Unit 5: Deductions 103
8 @ Reportable Employer Superannuation Contributions (RESC) Go to and search for Employer guide for reportable employer superannuation contributions. Federal legislation that took effect from 1 July 2009, requires that some superannuation contributions that are additional to the compulsory superannuation guarantee rate of 9%, be reported to the ATO. Contributions are reportable if; The employee influenced the rate or amount of super that the employer contributes The contributions are additional to the compulsory contributions the employer must make under any of the following; super guarantee law an industrial agreement the trust deed or governing rules of a super fund a federal, state or territory law Contributions an employer makes where the employee did not influence the amount, and any after-tax contributions, are not reportable Reportable employer super contributions are not included in your employee s assessable income, however: you must report them on the Payment Summary your employee must report them in their income tax return reportable employer super contributions will affect a range of government entitlements and obligations for individuals because these payments are now considered when calculating the following benefits: Medicare levy surcharge threshold calculation Medicare levy surcharge (lump sum payment in arrears) tax offset Dependency tax offset Senior Australians tax offset Pensioner tax offset Mature age worker tax offset Spouse superannuation contributions tax offset Government super co-contribution Deduction for personal superannuation contributions Higher Education Loan Programme and Student Financial Supplement Scheme repayments CentreLink, Family Assistance Office and Child Support Payments. 104 Unit 5: Deductions BSBFIA302A/BSBADM308A Process Payroll v19 Software Publications Pty Ltd 2011
9 Notes on Payment of PAYG Withholding Taxes The amount of PAYG Withholding Taxes $2, is now paid with your GST, Fringe Benefits Tax and PAYG Instalment. The ATO will send the business a Business Activity Statement [if your business is registered for GST] or an Instalment Activity Statement [if your business is not registered for GST or reporting PAYG monthly and GST quarterly]. Small withholders Medium withholders Large withholders [up to $25,000 annual withholdings] need to complete the PAYG withholding fields of the Activity Statement and pay any amount owing for each quarter [or monthly if they choose]. [$25,000 to $1 million annual withholdings] need to complete the PAYG withholding fields of the Activity Statement and pay any amount owing for each month. [over $1 million annual withholdings] complete the BAS differently to report their PAYG withholding. [not covered in this workbook] Completing the PAYG Withholding Fields on the BAS (i) (ii) (iii) (iv) Select the Accounts Command Centre. Select BASlink Select BAS Info. In this workbook, complete the BAS Information like this. (v) (vi) Click on OK to return to BASlink. Select your Current Month of the correct financial year, then select Prepare Statement and OK. Software Publications Pty Ltd 2011 BSBFIA302A/BSBADM308A Process Payroll v19 Unit 5: Deductions 105
Copyright Notice: Written by: Publishers: FNSACC405A Maintain inventory records ISBN: 978-1-921885-50-1 1 June 2011
A Step by Step Approach to Maintain Inventory Records using MYOB AccountRight Plus v19 Copyright Notice: Copyright 2011 Software Publications Pty Ltd. All rights reserved. No part of this material may
More informationCopyright Notice: Originating Author: Edited June 2011: Publishers: ISBN 978-1-921885-51-8
A Step by Step Approach to Set up and operate a Computerised Accounting System using MYOB AccountRight v19 Copyright Notice: Copyright 2011 Software Publications Pty Ltd. All rights reserved. No part of
More informationHow To Prepare A Financial Report
A Step by Step Approach to Preparing Financial Reports and Processing Journal Entries [manual and using MYOB Accounting Plus v18] Copyright Notice: Copyright 2008 Marian Brown. All rights reserved. No
More informationMYOB Basics plus BAS and Payroll
MYOB Basics plus BAS and Payroll Preface This workbook has been written to cover all the basic information on how to use MYOB AccountRight [Standard, Plus, Premier and Enterprise] using v19 and v19.5 [and
More informationProcess accounts payable and receivable
A Step by Step Approach to Processing Accounts Payable and Receivable using MYOB AccountRight v19 Copyright Notice: Copyright 2010 Software Publications Pty Ltd. All rights reserved. No part of this material
More informationOriginating Author: Revised by: ISBN 978-1-921885-41-9 3rd Edition Revised April 2011. FNSBKPG405A Establish and maintain a payroll system
A Step by Step Approach to Establish and Maintain a Payroll System using MYOB AccountRight Plus v19 Copyright Notice: Copyright 2011 Software Publications Pty Ltd. All rights reserved. No part of this
More informationCopyright Notice: Publishers: ISBN: 1-74123-918-4 Printed: 30 December 2008. BSBFIA303A: Process accounts payable and receivable
A Step by Step Approach to Processing Accounts Payable and Receivable using MYOB Accounting v18 Copyright Notice: Copyright 2008 Marian Brown. All rights reserved. No part of this material may be reproduced
More informationCopyright Notice: Originating Author: Edited June 2011: Publishers: ISBN 978-1-921885-45-7. Establish and maintain an accrual accounting system
A Step by Step Approach to Cash and Accrual Accounting using MYOB AccountRight Plus v19 Copyright Notice: Copyright 2011 Software Publications Pty Ltd. All rights reserved. No part of this material may
More informationThis workbook is dedicated to Di Wells of Hervey Bay TAFE in recognition of her support when writing this book. Thank you Di very much.
A Step by Step Approach to Preparing Financial Statements MYOB Accounting v18 Copyright Notice: Copyright 2008 Marian Brown. All rights reserved. No part of this material may be reproduced or copied in
More informationA step by step approach to Establish and Maintain a Payroll System using MYOB AccountRight Plus v19.8
A step by step approach to Establish and Maintain a Payroll System using MYOB AccountRight Plus v19.8 Software Publications Pty Ltd, 2013 No part of this material may be reproduced or copied in any form
More informationMYOB for Accountants using MYOB Accounting v18
MYOB for Accountants using MYOB Accounting v18 Preface This workbook was written for training with those clients who already have a basic knowledge of MYOB Accounting and need to know the ins and outs,
More informationPublishers: Software Publication Pty Ltd [ABN 75078026150] Head Office Sydney Unit 10, 171 Gibbes Street Chatswood NSW 2067 1800 146 542
Acknowledgments Copyright/Trademark Information: MYOB is the registered trademark of MYOB Technology Pty Ltd. Screen captures from MYOB Accounting v16 and v17 reproduced with permission. Copyright 2006
More informationMYOB ClientConnect. Getting Started. Getting Started
MYOB ClientConnect Getting Started Getting Started MYOB New Zealand Ltd Website: myob.co.nz MYOB Australia Pty Ltd ABN 13 086 760 198 Website: myob.com.au MYOB Technology Pty Ltd 2009 All rights reserved.
More informationSALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES
SALARY PACKAGING SUPERANNUATION GUIDE TO EMPLOYEES Superannuation Introducing Salary Packaging Salary packaging has been made available to all staff of the University through the Enterprise Agreement process.
More informationEmployer guide for reportable employer superannuation contributions
Page 1 of 15 Employer guide for reportable employer superannuation contributions In the 2010-11 Federal Budget the government announced future changes to super. These changes, if passed by parliament,
More informationSuper taxes, caps, payments, thresholds and rebates
Fact Sheet Super taxes, caps, payments, thresholds and rebates This fact sheet provides a useful one-stop reference guide to the tax rates, caps, thresholds and rebates that apply or are related to superannuation
More informationMYOB EXO EMPLOYER SERVICES Australian Edition 2013.05
MYOB EXO EMPLOYER SERVICES Australian Edition 2013.05 Release Notes EXO EMPLOYER SERVICES M YO B ENT ERPRI S E S O L U T I O N S Important Notices This material is copyright. It is intended only for MYOB
More informationINDEX: WWW.FIRSTBOOKKEEPING.COM.AU
INDEX: ü Step 1 Getting started in business registrations Page 3-4 ü Step 2 What you need to know about business income tax Page 5 6 ü Step 3 Business Expenses what to claim Page 7 ü Step 4 Working from
More informationTAX TUTOR INSIDE IS YOUR TAX GUIDE FOR 2013-2014
TAX TUTOR INSIDE IS YOUR TAX GUIDE FOR 2013-2014 PERSONAL TAX PERSONAL INCOME TAX RATES 2013-2014 & 2012-2013 Taxable Income $0 - $18,200 Nil Tax Payable $18,201 - $37,000 19% of excess over $18,200 $37,001
More informationCLIENT FACT SHEET. If you are under age 65 you may make personal contributions to superannuation on your own behalf.
CLIENT FACT SHEET July 2010 Understanding superannuation and superannuation contributions Superannuation is an investment vehicle designed to assist Australians in saving for their retirement. The Government
More informationReconcile and monitor accounts receivable
Recncile and Mnitr Accunts Receivable using MYOB AccuntRight v19 Cpyright Ntice: Cpyright 2011 - Sftware Publicatins. All rights reserved. N part f this material may be reprduced r cpied in any frm r by
More informationSuper Co-contribution How it works
Super Co-contribution How it works What is the super co-contribution? The Super Co-contribution is an Australian Government initiative to assist eligible individuals to save for their retirement. Changes
More informationFact Sheet Tax on Super 2009/10
It pays to belong TM Key Focus A tax of 15% applies to concessional (i.e. before tax) contributions. All employer and salary sacrifice contributions will be taxed at the top marginal rate if your super
More informationReliance Super. Taxation Supplement. 14 March 2014. a membership category of Maritime Super
Taxation Supplement 14 March 2014 Contents Tax on contributions 2 Tax on rollovers 3 Tax on investment earnings 3 Tax on super benefits 3 Spouse tax offset 7 Tax deductions for the self-employed 7 Low
More informationTax and your CSS benefit
CSF27 04/12 Tax and your CSS benefit Who should read this? All contributing CSS members. What is in this fact sheet? > > What should I know up front? > > My benefits in the CSS > > How are contributions
More informationContributions are taxed differently depending on whether you are making contributions to a taxed or untaxed fund.
Tax and super Issue Date: 1 July 2015 SUP E R ANNUATION The information in this document forms part of the Product Information Booklets for GESB Super and West State Super, each dated 1 July 2015. You
More informationHow super is taxed. VicSuper FutureSaver Member Guide
How super is taxed VicSuper FutureSaver Member Guide Date prepared 1 July 2015 The information in this document forms part of the VicSuper FutureSaver Product Disclosure Statement (PDS) dated 1 July 2015.
More informationTax file number declaration
instructions and form for taxpayers Individuals Tax file number declaration The information you provide in this declaration will enable your payer to work out how much tax to withhold from payments made
More informationUnderstanding Your Superannuation Obligations... 4. Setting up Super in MYOB... 6. Paying Superannuation... 9
Managing Employee Superannuation using MYOB software... 2 Understanding Your Superannuation Obligations... 4 How does it all work?... 4 What about the increase in super from 1st July 2013?.... 5 Do I need
More informationTips and techniques for: > MYOB's business management software range > MYOB RetailManager > MYOB AssetManager Pro > MYOB PowerPay
Tips and techniques for: > MYOB's business management software range > MYOB RetailManager > MYOB AssetManager Pro > MYOB PowerPay www.myob.com.au MYOB Australia Pty Ltd ABN 13 076 760 198 12 Wesley Court
More informationContributing to your super
SUP E R ANNUATION Contributing to your super GESB Super and West State Super ISSUE DATE: 1 July 2015 PREPARATION DATE: 26 June 2015 Government Employees Superannuation Board ABN 43 418 292 917 Contents
More informationTax table for back payments, commissions, bonuses and similar payments
Schedule 30 Pay as you go (PAYG) withholding NAT 3348 Tax table for back payments, commissions, bonuses and similar payments Including lump sum payments in arrears. FOR PAYMENTS MADE ON OR AFTER 1 JULY
More informationProduce Spreadsheets Excel 2010
ISBN: 978-1-921885-15-0 Produce Spreadsheets Excel 2010 BSBITU304A Software Publications Writing Team Produce Spreadsheets Supporting BSBITU304A Produce Spreadsheets in the Business Services Training Package.
More informationGuide for notice of intent to claim a tax deduction for personal super contributions 2014/2015
Guide for notice of intent to claim a tax deduction for personal super contributions 2014/2015 Under section 290-170 of the Income Tax Assessment Act 1997 Need Help? For more information about your eligibility
More informationMYOB EXO Employer Services Payroll Processing Pays
MYOB EXO Employer Services Payroll Processing Pays Momentum Software Solutions support@momentumss.com.au Momentum provide Support for all MYOB EXO Business and Employer Services modules Suite 22, Ocean
More informationYour Guide. to the Meridian. Personal. Super Plan. Product Disclosure Statement. Issued 1 January 2004 MPS 4
Your Guide to the Meridian Product Disclosure Statement Issued 1 January 2004 Personal Super Plan MPS 4 What this Guide is about MPSuper Product Disclosure Statement This Guide was prepared and issued
More informationProduct Disclosure Statement
AMP Retirement Savings Account Product Disclosure Statement Contents 1. About AMP Retirement Savings Account 2. How super works 3. Benefits of investing with AMP Retirement Savings Account 4. Risks of
More informationAccountRight Live. Use Australia s favourite accounting software anywhere, anytime.
AccountRight Live Use Australia s favourite accounting software anywhere, anytime. Fully-featured accounting on your desktop, in the cloud or both If you want a better way to stay on top of your numbers,
More informationHow super is taxed. About this document. Tax on concessional contributions. Concessional contribution tax rates from 1 July 2015:
How super is taxed Date of issue: 1 July 2015 mtaasuper.com.audate Phone: 1300December 362 415 2014 Fax: 1300 365 142 of issue: The information in this document forms part of the Product Disclosure Statement
More informationIn a nutshell... Article published in Issue 1, 2010-11 of The Taxpayer, dated 5 July 2010. ...the full article follows
Article published in Issue 1, 2010-11 of The Taxpayer, dated 5 July 2010 In a nutshell... Reportable fringe benefits and superannuation Payment summaries, detailing an employee s remuneration and taxes
More informationSchedule 5 Tax table for back payments, commissions, bonuses and similar payments
Schedule 5 Tax table for back payments, commissions, bonuses and similar payments QC: 34732 Content revised: Yes Abstract revised: No Abstract: Use this table if you make a payment of salary or wages that
More informationMedicare levy variation declaration
individuals SEGMENT taxpayers AUDIENCE instructions and form FORMAT NAT 0929-07.2007 PRODUCT ID Medicare levy variation declaration Complete this declaration if you want to: n increase the amount withheld
More informationTax Year End Australia 2014 - Mogg Osborne Pty
Mogg Osborne Pty Ltd 2014 Year End Reminders and Obligations Another financial year is about to finish! As a business owner, there are many obligations that you need to consider and action over the next
More informationUnderstanding Superannuation
Understanding Superannuation Client Fact Sheet July 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through superannuation
More informationTax return for individuals 2015 1 July 2014 to 30 June 2015
Use Individual tax return instructions 2015 to fill in this tax return n Print clearly using a black pen only n Use BLOCK LETTERS and print one character in each box S M I T H S T Individual information
More informationTax file number declaration
Instructions and form for taxpayers Individuals Tax file number declaration Information you provide in this declaration will allow your payer to work out how much tax to withhold from payments made to
More informationTax on contributions. Non-concessional (after tax) contribution caps. Age at 1 July 2015 Annual cap Tax rate Under 65 $180,000* Nil 65-74 $180,000 Nil
This section summarises the main Federal Government taxes that apply to superannuation at the time of preparation. For more information, contact MyLife MySuper on 1300 MYLIFE (695 433) or the Australian
More informationFinancial Services with a Personal Touch
Financial Services with a Personal Touch CONCESSIONAL CONTRIBUTIONS CAP Concessional contributions include: employer contributions (including contributions made under a salary sacrifice arrangement) personal
More informationManaged Services Payforce. EOFY16 Client Requirements Document
EOFY16 Client Requirements Date: 20/04/2016 Table of Contents Table of Contents... 1 Confidentiality... 1 EOFY Key Dates... 2 ATO AddServ EOFY Parameters... 3 Payment Summary Print Detail Options... 7
More informationENTERPRISE SUPER MEMBERS GUIDE. EMPLOYER SPONSORED SUPERANNUATION & PERSONAL SUPERANNUATION Issue Date: 22 June 2012
ENTERPRISE SUPER EMPLOYER SPONSORED SUPERANNUATION & PERSONAL SUPERANNUATION Issue Date: 22 June 2012 Enterprise Super is a division of General Retirement Plan, ABN 32 894 907 884 PO Box 1282, Albury NSW
More informationSignatureSuper Member Guide Fact Sheet
SignatureSuper Member Guide Fact Sheet Issued 30 June 2014 AMP Corporate Super The information in this Fact Sheet forms part of the SignatureSuper Product Disclosure Statement dated 1 January 2014 for
More informationFlexible accounting solutions to suit your kind of business. LiveAccounts AccountRight Live
Flexible accounting solutions to suit your kind of business LiveAccounts AccountRight Live THE CHOICE IS YOURS LiveAccounts and Accountright Live offer similar features like anywhere anytime access, bank
More informationADVANCE RETIREMENT SAVINGS ACCOUNT Annual Report for year ended 30 June 2014. Issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724
ADVANCE RETIREMENT SAVINGS ACCOUNT Annual Report for year ended 30 June 2014 Issued by BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 CONTENTS Introduction... 1 Recent developments in superannuation...
More informationUnderstanding tax Version 5.0
Understanding tax Version 5.0 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation to tax. This document has been published
More informationHCG Fact Sheet 30 June 2014 End of Financial Year Tax planning strategies
HCG Fact Sheet 30 June 2014 End of Financial Year Tax planning strategies If you are an employee, consider Sacrificing your pre-tax salary or bonus into super rather than receiving it as cash so you can
More informationMember Booklet: RBF Tasmanian. Accumulation Scheme. Table of contents. About the RBF Tasmanian 2. Accumulation Scheme
Member Booklet: RBF Tasmanian Accumulation Scheme Information in this booklet is current as at 1 July 2015 Table of contents About the RBF Tasmanian 2 Accumulation Scheme How super works Benefits of investing
More informationSuper terms explained
Super terms explained Here is a useful reference guide to some of the terms we use with Super. The guide provides plain English information about Super, but does not give formal legal definitions. For
More informationPepper Home Loan Product Guide
Pepper Home Loan Product Guide 2 November 2015 V4.1 Find out why a growing number of brokers are sold on specialist lending For information on specialist lending including videos, case studies and modules,
More informationEnd of Year Payment Summary Guide
End of Year Payment Summary Guide Table of Contents Overview of what needs to be done... 2 Getting ready to Prepare Payment Summaries... 3 Checks... 3 Check Software Compatible ATO Changes... 3 Check Final
More informationYear-end Tax Planning Guide - 30 June 2014 BUSINESSES
Year-end Tax Planning Guide - 30 The end of the financial year is fast approaching. In the lead up to 30 June, this newsletter covers some of the year-end tax planning matters for your consideration. BUSINESSES
More informationSEND AND RETRIEVE INFORMATION USING
ISBN 978-1-921780-48-6 SEND AND RETRIEVE INFORMATION USING WEB BROWSERS AND EMAIL; LOCATE AND USE RELEVANT ON LINE INFORMATION ICAU1133B & ICAU1204B - Internet Explorer 8.0 and Microsoft Outlook 2007 Supporting
More informationUnderstanding Tax Version 1.0 Preparation Date: 1st July 2013
Understanding Tax Version 1.0 Preparation Date: 1st July 2013 This document provides some additional information to help you understand the financial planning concepts discussed in the SOA in relation
More informationTax table for back payments
Schedule 30 Pay as you go (PAYG) withholding NAT 3348 Tax table for back payments Including lump sum payments in arrears. FOR PAYMENTS MADE ON OR AFTER 1 JULY 2010. This document is a withholding schedule
More informationMember guide. Superannuation and Personal Super Plan. The information in this document forms part of the Hostplus Product Disclosure Statement issued
Member guide. Superannuation and Personal Super Plan Product Disclosure Statement The information in this document forms part of the Hostplus Product Disclosure Statement issued Section 7. How super is
More informationbookkeeping & accounting essentials
LIA ST RA AU bookkeeping & accounting essentials PR OP ER T Y OF CE NG SA A M GE PL L E EA PA R GE NI S NG workbook ISBN: 978-0170187183 For learning solutions, visit cengage.com.au 9 780170 187183 RODGERS
More informationMember Application Form
Member Application Form ABN 76 829 356 693 RSE R1004366 SFN 299 735 940 SPIN CFS0102AU Chifley Financial Services Limited (Trustee) ABN 75 053 704 706 AFSL 231148 RSEL L0001120 Instructions Member Services
More informationThe Employer s Guide to Child support
The Employer s Guide to Child support Information for employers of separated parents humanservices.gov.au Contents Child Support services 3 Separation and the impacts on business 3 Employer deductions
More informationDefence Bank Pension Pension Tax File Number Declaration
Defence Bank Pension Pension Tax File Number Declaration < Instructions This declaration is NOT an application for a tax file number. Please print neatly in BLOCK LETTERS and use a BLACK pen. Print X in
More informationPay as you go withholding
Introduction for employers Pay as you go withholding What you need to know Our commitment to you We are committed to providing you with accurate, consistent and clear information to help you understand
More informationYear-end Tax Planning Guide - 30 June 2013 BUSINESSES
Year-end Tax Planning Guide - 30 The end of the financial year is fast approaching. In the lead up to 30 June, this newsletter covers some of the year-end tax planning matters for your consideration. BUSINESSES
More informationgrow your super Seven ways to Some handy hints to help you grow your super investments December 2014 Now incorporating Find out how you can:
Find out how you can: Make regular personal contributions a small amount can make all the difference. Salary sacrifice your contributions and reduce your tax at the same time. Seven ways to grow your super
More informationSuperannuation and Deferred Annuity Redemption / transfer form
Superannuation and Deferred Annuity Redemption / transfer form This form is to be used when redeeming your superannuation benefit from the Zurich Deferred Annuity or from the Zurich Master Superannuation
More informationHow super works. VicSuper FutureSaver Member Guide
How super works VicSuper FutureSaver Member Guide Date prepared 1 July 2015 The information in this document forms part of the VicSuper FutureSaver Product Disclosure Statement (PDS) dated 1 July 2015.
More informationWhat s New? No limit on salary sacrifice for superannuation contributions to a complying fund. Pages 6 to 11
SOUTH AUSTRALIAN GOVERNMENT SALARY SACRIFICE INFORMATION BOOKLET OFFICE HOLDERS REMUNERATION TRIBUNAL DETERMINATION What s New? No limit on salary sacrifice for superannuation contributions to a complying
More information2015 INDIVIDUAL TAX RETURN CHECK LIST
PARTNERS Chartered Accountants Bondi Junction office -Suite 1807, Level 18, Tower Two, 101 Grafton Street, Bondi Junction, 2022, NSW, Australia Hornsby Office- 237 Pacific Highway Hornsby NSW 2077 P O
More informationANNUITY TAX GUIDE 2015. ANNUITY TAX GUIDE TO HELP YOU COMPLETE YOUR 2014-2015 TAX RETURN Issue date: July 2015
ANNUITY TAX GUIDE 2015 ANNUITY TAX GUIDE TO HELP YOU COMPLETE YOUR 2014-2015 TAX RETURN Issue date: July 2015 Annuity Tax Guide 2015 This guide will help you complete your 2014-2015 tax return if you received
More informationYour Super Guide. Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category. Contents. Important Information
Australia Group Superannuation Fund Your Super Guide Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category Contents 1 About Nestlé Super p2 2 How super works p2 3 Benefits
More informationPlanning for retirement
Planning for retirement 1 Disclaimer This presentation contains general advice current as at April 2016 and has been prepared without taking account of your objectives, financial situation or needs. Before
More informationRECENT INCOME TAX CHANGES
RECENT INCOME TAX CHANGES Increased Medicare Levy Low Income Thresholds The Medicare Levy low-income thresholds for families and dependent child-student component of the threshold have been changed to
More informationSalary Packaging. Information Kit. Catholic Schools Office Diocese of Lismore
Salary Packaging Information Kit Catholic Schools Office Diocese of Lismore 13 TABLE OF CONTENTS SALARY PACKAGING... 1 HOW IT WORKS... 1 SALARY PACKAGING AND THE OPERATION OF INCOME TAX LEGISLATION...
More informationTaxation of lump sums
MB09 04/12 Taxation of lump sums What you need to know Under current tax law both, your Employer and Member Benefits may be subject to tax if withdrawn as either a rollover or cash lump sum. The only exception
More informationIssued ₁ July ₂₀₁₅. Member guide. SuperLeader Fact sheet. AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379.
Issued ₁ July ₂₀₁₅ Member guide SuperLeader Fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. This is a member guide fact sheet for SuperLeader. It is an important
More informationMaking the Most of Your Super
Making the Most of Your Super For many people, super is one of the best ways to accumulate wealth. The Government provides tax benefits to encourage people to fund their own retirement. With more Australians
More informationCORPORATE NEWSLETTER
CORPORATE NEWSLETTER Summer 2014 Page 2 Corporate Newsletter - Summer 2014 CORPORATE NEWSLETTER - SUMMER 2014 Dear Reader, Welcome to our quarterly newsletter which will provide updates and reminders of
More informationThe sooner you start thinking about growing your super, the better. But it s never too late.
> Get calculating! If you d like to see the effect that personal contributions may have on your final entitlement, access the Super SA Benefit Projector on the Super SA website www.supersa.sa.gov.au. The
More informationHow to complete the PAYG payment summary individual non business
Instructions for PAYG withholding payers How to complete the PAYG payment summary individual non business Instructions to help you complete PAYG payment summary individual non business (NAT 0046) WHEN
More informationGlobal Payroll Association Presents. Australia
Global Payroll Association Presents Australia 12 Global Payroll Association Presents A brief country overview: Australia A Brief Country Overview and Payroll Highlights Australia is the world s sixth largest
More informationGuide to your Nestlé Super. Defined Benefit category IBR
Australia Group Superannuation Fund Guide to your Nestlé Super Defined Benefit category IBR The information in this document forms part of the Nestlé Super Product Disclosure Statement Defined Benefit
More informationState Super retirement FuND
State Super retirement FuND Additional Information Booklet Date of Issue 20 January 2015 State Super Financial Services Australia Limited ABN 86 003 742 756 Australian Financial Services Licence No. 238430
More informationEmployee Information Guide. Salary Packaging
Guide Salary Packaging April 2014 Contents Contents... 2 Disclaimer... 4 1. Introduction... 5 1.1 About this guide... 5 1.2 Financial Advice... 5 1.3 What is Salary Packaging?... 5 1.4 Who is eligible
More informationRedundancy FAQ. PSS Members. How do I request a benefit estimate? How is my benefit calculated? What are the benefit estimate processing times?
PSSFAQ1 10/13 Redundancy FAQ PSS Members How do I request a benefit estimate? In order to obtain a benefit estimate for redundancy, voluntary or involuntary retirement, we require your employer to complete
More informationGeneral reference guide
General reference guide (TPS.01) Issued: 1 July 2015 The Portfolio Service Super Essentials The Portfolio Service Superannuation Plan The Portfolio Service Retirement Income Plan This guide contains important
More information2014 Tax Questionnaire
CLIENT: CBS Accountants CONTACT: Scott Burchfield PROJECT: CBS / Brand DATE: 15 June 2011 REF: Final ART 2014 Tax Questionnaire Make your 2014 Tax Return easy for just $275* Completing CBS Accountants
More informationSUMMARY OF RATES AND THRESHOLDS 2015/16
SUMMARY OF RATES AND THRESHOLDS 2015/16 CONTENTS Superannuation rates and thresholds Concessional contributions Non-concessional contributions Capital Gains Tax (CGT) cap amount Untaxed plan cap amount
More informationTax Rates & Thresholds Handy Guide
Tax Rates & Thresholds Handy Guide 2014/15 Income Year Issued August 2014 Taxation of Superannuation Benefits Superannuation benefits from a taxed source Age of recipient Lump Sum Income stream 60 and
More informationStatement of formulas for calculating amounts to be withheld
Schedule Pay as you go (PAYG) withholding NAT 00 Statement of formulas for calculating amounts to be withheld For payments made on or after July 0 This document is a withholding schedule made by the Commissioner
More informationVET FEE-HELP. information for 2012. www.deewr.gov.au/vetfeehelp
VET FEE-HELP information for 2012 www.deewr.gov.au/vetfeehelp You must read this booklet before you sign and submit the form below To request VET FEE HELP assistance you are required to complete the Request
More informationSAMPLE. Not for training purposes. Student Workbook BSBFIA302 Process payroll. 1 st Edition 2015
Student Workbook BSBFIA302 Process payroll 1 st Edition 2015 Part of a suite of support materials for the BSB Business Services Training Package Acknowledgement Innovation and Business Industry Skills
More informationLump sum benefit payment request for your superannuation or account based pension
Lump sum benefit payment request for your superannuation or account based pension How to claim a benefit To claim a benefit you will need to complete the attached Benefit Payment Request and send it direct
More informationSuperannuation. your obligation as an employer
Superannuation your obligation as an employer By Chris Campbell September 2014 Overview Superannuation is a significant cost of employing staff. This expense should be factored into your business plan
More information