Payroll tax & workcover
minimise your cost
Our ultimate goal is to provide Payroll Tax guidance that helps you minimise your cost while keeping you compliant. Opportunities to reduce or gain refunds are never overlooked because our team of Payroll experts are familiar with each state’s complex regulations, deadlines, and reporting requirements.
OUR Payroll tax & workcover SERVICES
Understanding Payroll Tax
Payroll Tax is a general purpose state tax imposed on an employer’s liability for paying its employees wages. The calculation is based on the amount of wages paid per month as well as the location per state or territory in which you employ staff in Australia. Not all businesses have a Payroll Tax obligation, however you only are liable for Payroll Tax if your company’s total amount of wages exceeds the tax-free threshold rates of your state or territory.
Registration and Documentation
As an Australian business owner, you will need to register for Payroll Tax in your state or territory if you exceed the annual threshold. Visit your Local State Revenue Office and find out if your business is required to register for Payroll Tax or if it qualifies for an exemption.
Workers Compensation Premium Consultancy Service
With almost 30 years experience in Workers Compensation compliance and consulting, Jokama can provide the following services:
- Employer Advocate for workers compensation audits
- Managing objections to WorkCover audits, penalties and underestimation penalties
- Review of industry classifications
- Refund assessments and applications
- Review of remuneration prior to declaration
- Assessment of contractors for the purpose of declaration of remuneration
- Annual certification of remuneration
- Grouping and workplace splits evaluations
- Extensive experience with Employment Agencies, Transport industry and Not-for- profit sector
OTHER CONSULTANCY SERVICES
Along with our partnership network, we also provide:
What is a worker's compensation premium?
A Worker’s Compensation Premium is a compulsory statutory insurance payment for all employers in all states and territories in Australia. It is based on the amount of wages an employer pays its employees and the industry in which the business operates. The aim of the insurance is to provide protection to employees – whether they are full-time, part-time, contractual or project-based – should they suffer from a work-related injury or disease. Regardless of liability, the insurance covers a worker’s wages while they’re unfit to work as well as the medical expenses and rehabilitation needed for complete recovery.
How we can help you
Registering for Worker’s Compensation Premium is a requirement for all businesses in Australia. Jokama understands, however, that it may be difficult to handle the documentation on your own due to conflicts in your schedule or that you may need expertise to help you through the entire process. Jokama’s expertise can provide employers with a less time-consuming and more cost-effective way to provide protection for their workers. We employ a team of experts who are qualified to assist and guide you in Worker’s Compensation Premium matters. We provide consultancy services for audit, penalty objections and overall assessments for wages.
Protect your employees and your business. Feel free to give us a call today for a consultation appointment, and we will be ready to assist you.
Compliance Reviews
A Compliance Review is a complex matter. Our accountants at Jokama conduct compliance reviews on a business whenever necessary to assess whether or not they comply with state laws and compensation schemes. From this assessment, our team can conclude whether or not a business has complied fully with taxation laws such as those that concern the state Payroll Tax and Worker’s Compensation Premium.
The Process for Reviews
- consider materiality and risks
- obtain adequate and significant evidence on which to base assessment
- produce documentation regarding the case
- report professional advice based on findings
Thrustworthy Assistance
We take pride in our Compliance Reviews expertise. With over 25 years of providing professional guidance and assistance, our consistently high service standards have enhanced our reputation within the industry. We are committed to helping our clients achieve continuous improvement and success while minimizing risks of financial loss in their business. If you have concerns regarding your company’s compliance with Payroll Tax and WorkCover Legislation, feel free to give us a call. Contact Jokama today and protect your business.
Contractor Assessment
We understand how difficult it is to keep a record of tax data and contractor information – even more so if you have to create analysis reports. As a professional consultancy firm, Jokama offers Contractor Assessments for your business. This includes conducting:
- Contractor evaluation
- Assessment of contractors with regard to Payroll Tax, Worker’s Compensation and Superannuation declarations
- Analysis of the Payroll Department and the hiring system
- Contractor Review
DEPENDABLE GUIDANCE FOR YOUR BUSINESS
Jokama staff have a dependable track record of over 25 years experience when it comes to Payroll Tax and WorkCover services. Give us a call today, and we’ll help protect your business.
Your Financial Future Starts Here
Book a free consultation today and let’s discuss your financial goals.