This section of Preferences controls how your payroll tax is calculated and whether payroll tax is paid on superannuation, and WorkCover (SA and QLD only) calculations.
Payroll Tax Paid In – to change the payroll tax thresholds and percentages, select your state from the drop-down list.
Note If you employ staff in other states or your company pays payroll tax as part of a group, Elite Payroll won't calculate the payroll tax correctly. Elite Payroll will only calculate the correct amount of tax for the state you have selected.
þ Payroll Tax On Employer Super – In some states you must include all employer superannuation contributions in payroll tax calculations.
Select this option to include employer superannuation in the payroll tax.
þ Payroll Tax On WorkCover – Select this option if your state requires you to include WorkCover in your Payroll Tax calculations.
FBT Rate – You must record the value of fringe benefits provided to your employees. You may also need to report a value of benefits on the employees' Payment Summaries. Elite Payroll does not track Fringe Benefits Tax, but it does calculate and track the grossed-up Reportable FBT Amount based on the FBT Rate and the amounts you enter on the Employee record – Fringe Benefits tab.
GST Rate on WorkCover – If GST applies to your WorkCover, enter the GST rate.
Low Rate Threshold –– Enter the Low Rate Threshold for your state