atw: Re: Contractor rates [3]

Hi - anybody ever had dealings with Glenyce Barton or Adroit Consultancy
Services (ACS) ?


/Daragh





-----Original Message-----
From: austechwriter-bounce@xxxxxxxxxxxxx
[mailto:austechwriter-bounce@xxxxxxxxxxxxx] On Behalf Of Geoffrey Marnell
Sent: Friday, 21 March 2008 12:07 PM
To: austechwriter@xxxxxxxxxxxxx
Subject: atw: Contractor rates [3]

Hi austechies,
 

I answered Bruce Ashley's email regarding superannuation a little too
hurriedly. The rates quoted on our website:

 

*         exclude superannuation if you are working through a registered
business entity (such as a company) and

*         include superannuation if you are not.

 

So if you have your own company, a rate of $70 is means that we would pay
you $70 an hour + GST  (and you would look after your own salary, PAYG,
superannuation and so on). 

 

On the hand, if you are not a a registered business entity, a rate of $70
means that we would pay you a pre-tax amount of $64.22 and pay your chosen
superannuation fund the difference (9% or $5.78). We then remit the PAYG
payable on $64.22 to the ATO. (And in these cases, we pay WorkCover premiums
out of our placement fee.)

 

I hope that's a little clearer now.

 

Cheers

 

Geoffrey Marnell

Principal Consultant

Abelard Consulting Pty Ltd

T: (+61 3) 9596 3456

F: (+61 3) 9596 3625

W: http://www.abelard.com.au

_________________________

 



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