Many practitioners and small business proprietors believe that an employee can only be remunerated by paying cash as a salary, the usual fringe benefits or with shares. The rules in Division 13A of the Tax Law are complex and well-known. But are these the only ways in which an employee can be paid?
This seminar examined the alternative ways in which an employee can be remunerated.
It covered not only the present rules of Division 13A but also discussed and considered other ways in which an employee can be remunerated such as implementing unit trust schemes, bonus plans, employer loans, and other benefits.
Naturally, all taxation and FBT issues were explored in detail providing a considered view of the most suitable arrangements that can be implement, the advantages and pitfalls.