The first day concentrates on the pay office (location, setup and function) the current Industrial Relations Scene and interpretation of conditions of employment (we use an award for our examples, but it could easily be an Enterprise Agreement). The ability to interpret awards and legislation is a vital attribute for a payroll person. By the completion of the day participants will able to interpret the award to locate information such as overtime rates and shift allowances, entitlement rates and identify categories of employees (then using this information, allocate the correct payment rate). The day continues with a discussion of Annual Leave and Long Service Leave under the Fair Work Act. Participants will be provided with hands on experience in the calculation of an employee's length of service and leave entitlements.
The morning of day two continues the focus on entitlements:
- Personal/Carer's Leave and Parental Leave entitlements
- Accrual of entitlements
- Categories of employees who have access to entitlementsLegislation governing the administration of entitlements
- Calculation of entitlements
The afternoon deals with payroll calculations including ordinary pay, overtime, leave and allowances. Tax treatments are explained including PAYG, HELP, tax offsets and the completion and lodgment of Tax File number declarations. The day completes with 'white boarding' the calculation of tax on bonuses and commissions.
- The third day commences with termination payments:
- Identification of the components of a termination
- The correct tax treatment of these components
- Defining the allocation of these components as Lump Sum A, B, D, ETP
The participants are provided with templates to aid in the calculation of marginal tax and complete exercises to test their knowledge of the processing of terminations.Having devoted a couple of hours to terminations we move onto superannuation – calculation of the levy, Super guarantee charge and salary sacrificing.The day concludes with two sections which outline the month and year end reporting and remittances requirements for payroll staff. The varying remittance requirements for PAYG are covered as well as the thresholds and percentages payable to state governments for payroll tax.
Cost: $1,195 (Full/Personal Members), $1,730 (Non/Other Members)
4th - 6th December, 2017
11th - 13th December, 2017