We have had a few calls on the effect that the age of the employee has on the tax treatment of entitlements due on redundancy. The following table summarises the requirements: Age Tax-free amount available Treatment of any ETP Leave entitlements 65 or over at date of termination No (must be under 65 to be…
Interesting information from the ATO in regards to what your superannuation obligations are with contract workers. http://www.ato.gov.au/content/00292769.htm
Interesting news article, ATO clamping down on tax cheats. http://www.abc.net.au/news/2011-09-01/technology-helps-tax-office-catch-cheats/2867024
Alltech Outsourced Solutions is working towards streamlining the process of paying superannuation. Follow this link to find out more http://www.clicksuper.com.au/
Alltech Outsourced Solutions is now on Facebook. http://www.facebook.com/pages/Alltech-Outsourced-Solutions/261327110559870?sk=wall
Alltech website goes live on 3 August 2011 We have relaunched our website. There is added links to provide more information on taxation, awards etc. Please take the time to view the new site and let us know your thoughts.