Category «Wage Earners»

Salary Sacrificed Cars

You cannot claim a tax deduction for a car you have salary sacrificed even though you make an after tax contribution. If you really want to know, here is why: Download Pdf Unless the employee is in the maximum tax bracket, there will be a pre tax amount and a post tax amount on their …

Allowances on PAYG Summaries

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  Help your employees give the ATO a raspberry to their new draconian bully tactics on reasonable allowances. This blog is both for employers and for employees who have read our article on travel allowances https://bantacs.com.au/Jblog/reasonable-allowance-concessions-effectively-abolished-by-the-ato/#more-159 If you are the latter make sure you give your employer a copy of this, so they can do …