If you’re a small business owner looking to pay less tax while building your retirement savings, salary sacrifice for super is one of the smartest ways to do it. This simple tax strategy can help reduce your taxable income, boost your superannuation fund, and improve your long-term financial wellbeing.Understanding How Salary Sacrifice WorksSalary sacrifice, sometimes…
Day: October 22, 2025
Salary Packaging Explained: Tax Benefits and Compliance for Australian Employers
Salary packaging explained — it’s a simple way for Australian employers to help employees reduce their income tax and increase their after-tax income, while enjoying tax benefits when managed correctly. This article examines how salary packaging works, the tax implications to consider, and how businesses can stay compliant with Australian tax laws.Understanding Salary PackagingSalary packaging,…
