Task 1

Stephanie James and Zoe Isaaks have requested that their salary sacrifice superannuation be applied to their salary package. Describe the tax treatment applicable (maximum 30 words).

Increase/Decrease taxable income

Subject to PAYG/Not Subject to PAYG

How is it taxed in tax superfund?

Task 2

List 6 factors that need to be considered to determine if eachteam member of BYF Pty Ltd is either a contractor or deemed employee. Please refer to legislation and regulations, including ATO and Fair Work Act.

Task 3

Use the following email template to notify BYF Pty Ltd of recent or upcoming changes that may affect them and provide them with advice in relation to possible impacts.

To:info@buildingyourfuture.com.au (This is a fictional email)

Subject: Upcoming Changes

Email message:

SGC Rates - Threshold

STP Phase 2

Modern Award Changes

Invoicing

Director identification Number

Cost Increases Software, ASIC Fees

Kind regards

Azure Beach Accountants and Financial Services