29 March 2024

An introduction to PAYG (P01)

Duration

Approximately 2 hours

Course Outline

This module provides an introduction to the PAYG withholding system. It covers a raft of issues including:

The registration process, how to determine whether your workers are employees or contactors, how to work out what type of payments you withhold from. Several specific areas are covered including withholding from employees, contractors and payments under labour hire arrangements. You will be introduced to the PAYG treatment of eligible termination payments, voluntary withholding agreements, back payments and payments where suppliers don't quote an ABN.

Matters relating to reporting withholding to the ATO are discussed as well as those relating to payment summaries and the record keeping requirements.

Who Should Attend

All payroll staff who have little experience in PAYG as well as those of you who require a refresher.

© 2024 Australian Tax College