Contractors
What It's All About
While effectively undertaking the same tasks as employees do at your place of employment, you as a contractor, have the obligation to manage and meet all the statutory and Government requirements that the payroll department would normally undertake for you.
These usually include obligations such as compulsory superannuation contributions, PAYG tax and relevant insurances including worker’s compensation, public liability and professional indemnity.
State Government’s also utilise payroll tax as a means to collect additional revenue on top of their GST allocations from the Federal Government. This requires employers (including your agency) to pay payroll tax up to 6.85% of your hourly rate. This could be deducted directly from your pay. Utilising the services of Contract1 may eliminate this risk, and in addition provide you with many tax savings opportunities.
Sometimes called a salary manager, payroll services company or even a money launderer! We know what contractors need from their management company, because that’s our background too. Right out of the IT industry, just like you.
What You Receive
- Entirely payroll tax exempt company structure in the ACT.
- Workers compensation insurance
- Public liability and indemnity insurance
- Packaging of novated car leases
- No start up costs or exit fees
- Single employer status to assist in securing finance
- Choice of superannuation provider
- Fortnightly payroll cycle
- Online timesheet entry and submission
- Online portal for all data relating to your payroll and contract
- Living-Aray-From-Home Allowance (if applicable)
- Online registration and notification of TFN
- Claiming of FBT exempt items such as laptops and phones
Register Now
Sounds like a great service? You can Register Now by using our online form (see above) and we will have a representative contact you soon. Alternatively you can chat live with someone from our support team by clicking the "Online" button at the top of the page, or just Contact Us if you have a query.
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