Benefits
Ensuring compliance with relevant fringe benefits tax laws and providing opportunities to your employees to maximise their take home pay is a complex and labour intensive task, which requires staff with specific skills and knowledge.
Salary Options provide a professional, cost effective alternative to training internal staff to a level required to provide a professional service to your employees.
It also removes the risk of providing unlicensed financial advice to your staff.
Benefits for Employers:
- Easy transfer of payment data from your payroll system using standard data transfer format to ensure full reconciliation of payroll deductions to our system
- Recording and administering Novated lease arrangements
- We will tailor the services available to your organisations policy and requirements. You control what benefits your employees can access and to what extent
- Fully quarterly reporting including GST Input Tax Credits and employee account reconciliations
- Annual FBT reporting including Reportable Fringe Benefits Amounts for employees Annual Payment Summary
- Full phone support during business hours and email contact.
Benefits for Employees:
- Reimbursements to employees nominated bank accounts on a regular basis
- Expense payments based on receipts submitted
- Meal Entertainment Expense Reimbursements and a Meal entertainment Visa debit card facilitated through the Bendigo Bank
- Exempt Benefits arrangements including Laptops
- 24hr Online access to employee accounts, updated daily
- Full phone support during business hours and email contact to ensure accurate processing of claims
- Expert Advice regarding FBT compliance and salary packaging from a qualified CPA and financial planner
- Information sessions on site to explain the options regarding salary packaging and how employees can maximise their cash salary
- One to one interviews with employees to detail the operations of salary packaging and evaluate the effect on their financial situation by a qualified planner.
