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The NTAA’s 2011 Salary Sacrifice Calculator (“SSC”) has been developed so that accountants and tax practitioners can maximise the savings available from salary packaging. It employs the latest rates and thresholds and allows users to undertake “what if” analysis in relation to certain proposed packaging arrangements.
The NTAA's 2011 Salary Sacrifice Calculator (SSC) has been revamped and now interacts with the NTAA's FBT Return Preparer.
- Information can be transfered between the 2011 SSC and the 2011 FBT Return Preparer;
- It provides immediate reports which show the savings from salary packaging;
- It compares cars under the Statutory formula and Operating cost methods; and
- it handles all employers - taxable, rebatable and FBT exempt.
Who will benefit from using the software?
- Tax Practitioners
- Salary Packaging Specialists
- Financial Controllers
- Company Accountants
- Payroll Officers
- HR Personnel
- Accountants in industry
- All staff involved in preparing payment summaries