Salary Packaging is the corner stone of Power Pays payroll services to its contractors.
As this is a specialised field we have qualified CPA Accountants and a Tax Barrister that are experts in Salary Packaging put together our policies and consult with us, to ensure you are offered the most effective and compliant tax planning and payroll solutions in the area of salary packaging.
Our in-house Accountants manaContractor Salary Packagingge and oversee all aspects of your salary packaging.
Where many companies are drawing away from offering a full range of salary packaging we are happy for you to salary packaging whatever we can legitimately package.
Power Pays is all about helping you to maximise your net income as a contractor. There are lots of opportunities where you are able to legitimately reduce your tax through smart Salary Packaging. This gives you much more in your pocket. Novated Car leases, lap tops, mobile phones as just some of the things you could potentially salary package.
The major benefit of using Power Pays services is that we can reduce the tax you pay and increase the after-tax dollars in your pocket.
Your Recruitment Company is often able to include you on to their books to pay your salary – but is this the best option for you? Usually not.
You will pay your agency a fee for your insurances and also the cost of administering your pay. In addition you will not have the flexibility of full Salary Packaging services that Power Pays provides. Most Recruitment Agencies will add back the cost of insurances and payroll administration if you are using a payroll services company, this effectively increases your rate.
Power Pays can generally cover the fee you pay in what you can save through Salary Packaging.
The net effect: you’re better off than if you were on the Agency books.