Salary Packaging & Remuneration Managment


As well as maximising the value of remuneration to an employee and minimising the costs to the employer, creative salary packaging is an important differentiator for attracting and retaining the best staff, motivating employees to attain the benefits they desire and increases staff retention. Although the benefits are greatest for wage earners in the top (46.5%) marginal tax bracket, employees on middle and lower incomes can still secure significant benefits with innovative salary packaging.
This course is "hands on" with examples completed in class to ensure participants have a complete understanding of the concepts and procedures for administering packaging. 

»Course Timetable

»Course Outline

Benefits of an effective reward strategy
• Benefits for the employee
• Benefits for the employer

Salary Packaging 
• Salary sacrifice
• Calculating the taxable value of a benefit
• Total Employment Costing (TEC)
• Effective salary packaging for lower paid employees
• Journal entries used to manage packaging in your software - liability accounts, GST, employee's payment summary and weekly payslip   requirements. This will be demonstrated by the instructor in either MYOB or Quickbooks on the day, though concepts can be applied to any software package. 

New for 2011-2012
• Latest rates and thresholds
• New rules for packaging mobiles and PDA's
• New rules for entertainment
• Latest trends and packaging examples
• Special updated information for PBI's

What can be packaged?
• Superannuation
• Cars - 100% private use, mixed use, commercial  vehicles
• Car parking
• Exempt benefits
• Child care
• Work related items (mobile phones and laptop computers)
• $1000 general deduction (From April 2007)
• Membership fees
• Newspapers and periodicals
• Income protection insurance
• Minor benefits
• Exempt food and drink
• Housing and relocation
• Loans
• Meals and entertainment
• Property fringe benefits
• Expense payment fringe benefits
• Residual benefits
• $300 minor benefits

Administration
• Reviewing procedures
• Establishing a policy
• Data handling

Motor vehicles
• Methods of providing vehicles (operating cost method, novated lease method, associate or own and lease method)
• Calculation of taxable value of a motor vehicle
• Payment summaries and reportable fringe benefits
• Communication and documentation to employees

» Prerequisites
None

» Assessment
On completion of this course, attendees will be provided with a Certificate of Participation.

» Duration
1 Day - 9:00am to 4:00pm.

» Cost
$399.00 (Inc GST) per person - Attend this course and Payroll & Office Tax Procedures for only $699.00!

» Dates
Please click on the timetable link at top of screen to view dates

» Registration
To register for this course please click here.

» Can't Attend?
This course is now available on DVD.  Click here to order.

» More Information
If you require more information please don't hesitate to contact us. info@appliededucation.com.au

Your Day at a Glance

8.45am    Registration, Coffee
9.00am    Introduction to FBT
10.00am  Packaging Scenarios, Laptops
10.30am  Morning Tea
10.45am  Exempt Benefits
11.30am  Motor Vehicles
12.00       Lunch 
1.00pm    Meals, Entertainment, other benefits
2.15pm    Afternoon Tea
2.30pm    Relocation, LAFHA
3.15pm    Reportable Fringe Benefits, Payment Summaries
3.30pm    FBT Exempt and Rebatable Organisations
4.00pm    Handouts, course completion