We have been assisting Consultants to maximise their take home pay since 1998. As Certified Practicing Accountants and Tax Agents who specialise in advising IT Consultants, we provide advice that can be relied on. Please call us on 1800 882059 or email
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and we will take about 20 minutes of your time to evaluate your personal situation and identify any salary packaging opportunities available to you. We will email you a 'Package Options Report' which steps you through each of the options we have evaluated. Our fee structure is a little more complex than some of our competitors, however it is based on feedback from our customers that they wanted us to charge flat fees per hour, with additional services (such as packaging a car) subject to an additional fee. In essence, a user pays system, rather than us taking a percentage of their income (especially when we have nothing to do with getting them a rate rise). We have recently modified this for our Essentials Service to provide a cap of no more than 3%, so that you can have access to fully qualified assistance, at the same price as our competitors. We provide two services; Essentials Package
The Essentials Package, is a simple approach to contracting, with all of the essentials taken care of for you, at a low cost of $1.65 per hour plus Public Liability/Professional Indemnity and Workers Compensation Insurance, capped at a total 3.0%. The Package Options Report will set out the applicable fees for you. You will be employed by a payroll tax exempt company. You send us your timesheet, and we do all of the invoicing, superannuation and PAYG calculations. We initiate payment to you on the Tuesday before we anticipate receipt of funds from your agency. Our team is available at any time during business hours to answer salary package related taxation queries, at no additional charge, and you have access to our extensive range of expertise articles via our secure website, EXNET. You are not locked into this service for a minimum period, and you are able to remain as an employee of the same company, even if you take on a different contract with another agency (this assists with finance applications) Your salary packaging options include; - Professional expense allowance,
- Rental property expenses allowance (better cashflow than a PAYG withholding variation),
- Additional superannuation,
- Laptop, PDA, mobile phone handset packaging,
- Qantas Club Subscription,
- Living Away From Home Allowance (LAFHA) at an additional cost of $0.75 per hour.
The employer default superannuation fund is Colonial First State, and we have negotiated nil entry or exit fees, a reduction in ongoing fees, and Life Insurance of up to $1,000,000 without any medical underwriting being required. In our opinion, this is a huge benefit which is not available elsewhere in the industry. A rebate is provided for your Tax Return preparation with Achieve, Corp. and this rebate is based on fees paid to us in the preceding 12 months. Comprehensive Package
The Comprehensive Package includes everything from the Essentials Package, with the ability to salary package vehicles, which could be new or secondhand, an existing vehicle that you own, a passenger car, a utility or a motor bike. You can upgrade to the comprehensive package at any stage - so you may want to use the Essentials Package whilst you get settled into your new position, and then revisit at a later stage. Our fee for this option is the Essentials Package fees, plus an additional $1.40 for the first vehicle, and an extra $1.00 for any concurrently packaged additional vehicles. Our fees may well be more expensive than our competitors, however, this is an area where time and again, we see our expertise adding value. For example, we recently received an enquiry from a consultant using one of the '3% for all options' companies. We identified fundamental errors in the way they were administering her package, and increased her take home pay by over $600.00 per week. It is the old adage, you get what you pay for... We do all of our vehicle salary packaging in house - we don't outsource your vehicle packaging to 3rd parties (which are renowned for slow response times and lack of flexibility). In order to maximise your cashflow and easily recognise variable expenses, we provide you with a corporate amex charge card. This means that we only need to deduct actual expenses incurred from your payslips, and the rest of your contract income can be paid to you. The advantage of the Amex card over a fuel card is that you can also use it for any work related expenses. |