Payroll
4. Wage Basics
Authors: Staff Legal Eagle
Firm / Chambers:
Last updated: 15 Aug 2015
- Wages are not merely the salaries you pay your employees. The term refers to a variety of payments a business makes in relation to its employees.
- Payroll tax is applied to the following payments:
- wages;
- salaries;
- remuneration;
- bonuses;
- allowances;
- commissions;
- director remuneration;
- accrued leave payments;
- termination payouts;
- pre-tax employer superannuation contributions including:
- superannuation guarantee payments;
- salary sacrifice contributions;
- non-monetary contributions; and
- superannuation contributions to defined benefit funds;
- fringe tax benefits;
- payments made to certain contractors;
- shares and options given to employees, directors, former directors and certain contractors; and
- payments made by employment agencies under contracts.
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