Inaugural Employment Taxes and Financial Obligations Conference
Issues covered include: employment termination, contractors, single touch payroll, superannuation guarantee, payroll tax, FBT, expatriate tax overview, underpayment of wages, accessorial liability under the Fair Work Act
Description
With a rise in audits by the ATO and revenue authorities and increasingly serious consequences for non-compliance, it’s crucial that you stay up to date with the latest legislative changes to employment taxes and financial obligations. Ensure efficient and effective compliance and minimise risk and costs by examining an extensive range of the most important employment, tax and financial obligation challenges impacting your day to day practice. Gain the tools you need to manage these issues and reach optimised solutions that will improve your practice and give you the results that your organisation or your clients demand.
Attend and earn 7 CPD Points/Hours
This conference was recorded in NSW on 20 February 2019
Session 1
ATO’s Insights and Employment Tax Strategies
Chair: Paul Ellis, Partner, People Advisory Services – Employment Taxes, EY
9.00am to 9.45am: INSIGHTS FROM THE ATO: Single Touch Payroll and the Journey so far
- Overview of STP and why it is so important
- Progress update: how we are tracking
- Our engagement approach
- What we are seeing in the data
Presented by Francis Cheng, Australian Taxation Office
9.45am to 10.30am: Superannuation Guarantee: The Latest Developments You MUST Know
- Effects of Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018
- Implementation of the downsizer contributions, First Home Super Savers Scheme and introduction of the Catch Up Concessional Contributions
- Releasing money from super post 1 July 2018
Presented by Christine Brown, Superannuation Senior, Nexia Australia; CA SMSF Specialist
10.30am to 11.20am: Payroll Tax: What Attracts the Revenue Office’s Attention
- Discussion about the tools available to the revenue offices to identify underpayments
- Understanding the impact that the employers industry can have on revenue office targeting, e.g., industries that use contract labour
- The effect of the media: publicity focussing on underpayment of workers as an example
- The age of inter-agency collaboration: data sharing
Presented by Andrew Hosken, Senior Manager, Employment Taxes, KPMG
11.20am to 11.35am Morning Tea
11.35am to 12.25pm: Getting Ready for FBT 2019: What are the Risks and Challenges?
Paul will cover key aspects of FBT to help you when completing the 2019 FBT return including:
- Meeting the entertainment challenge head on
- Managing the new safe harbour rules for claiming exemption on tool of trade and work-related vehicles
- The latest on FBT and car parking
- Why car parking is the FBT sleeper
- The FBT treatment for taxi expenses and Uber
- Discussion of new ATO audit strategies and compliance activities
Paul will highlight the common mistakes, both technical and process, and dispel the many myths. He will provide practical examples as well as the opportunity to interact and ask questions.
Presented by Paul Mather, Director, FBT, Payroll & Salary Packaging Solutions
12.25pm to 1.15pm: Expatriate Tax Overview: Tricks and Traps
- Taxation of in-bound employees and what you need to know
- Working outside of Australia and tax residency
- Managing superannuation and FBT considerations
- Use of Double Tax Agreements
- Corporate mobility programs and tax equalisation
Presented by Ben Renshaw, Partner, Global Expatriate Services & Employment Taxes, BDO; CTA
Session 2
Risks and Liabilities of Employment Obligation
Chair: Judith Healy, Principal, JH Law
2.00pm to 2.45pm: Termination of Employment: What Accountants Need to Consider
- Contractual obligations
- A sick employee
- Redundancy
- Unfair dismissal
- General protections
- Continuing obligations
Presented by Judith Healy, Principal, JH Law
2.45pm to 3.30pm: The Practical Tips and Traps When a Business Uses Contractors
- Examine the difference between an employee and contractor
- How courts and tribunals determine whether a worker is an employee or contractor: the latest cases
- What’s the financial and non-financial consequence for the business when its contractor really is an employee?
- Deeming dependent contractors as employees for workers compensation, superannuation and other revenue legislation
Presented by James Mattson, Partner, Bartier Perry Lawyers; Accredited Specialist in Employment and Industrial Law
3.30pm to 3.45pm Afternoon Tea
3.45pm to 4.30pm: Underpayment of Wages and Accessorial Liability under the Fair Work Act: Risks for Accountants and Payroll Managers
The Fair Work Ombudsman has been increasingly relying on the accessorial liability provisions of the Fair Work Act to pursue individuals within an organisation in relation to underpayments of wages. This results in increased personal risk to accountants and payroll managers involved in advising on and administering pay.
- What the accessorial liability provisions say
- Who they cover and who they catch
- Explore recent cases and trends
- Gain useful guidance to ensure that accountants and payroll managers are not personally exposed to liability
Presented by Petrine Costigan, Director, Petrine Costigan Lawyers; Recommended Employment Lawyers, Doyles Guide 2018
4.30pm to 5.15pm: Data: Your Organisation’s Core Business and Your Obligations
- Minimising privacy and cyber risk
- Mandatory data breach reporting: one year on
- General Data Protection Regulation (GDPR): Does it apply to you?
- Key aspects of GDPR for professional service firms
- Privacy developments
- What it all means for accountants and payroll managers
Presented by Annelies Moens, Managing Director, Privcore Pty Ltd; Certified Information Privacy Professional
5.15pm Closing Comments by the Chair