Step 1. Calculate your wages bill
Total wages includes:
- salary/wages
- overtime, shift and other allowances
- over-award payments
- bonuses or commissions
- payments to working directors (including directors' fees), or amounts received instead of wages (including payments to family members)
- payments to pieceworkers
- payments for sick leave, public holidays and associated leave loadings
- value of any substitutes for cash
- employer paid or payable superannuation contributions (including the superannuation guarantee levy)
- grossed-up value of fringe benefits (allowances subject to fringe benefits tax are counted at the grossed-up value, that is the value of the benefit multiplied by the relevant Australian Tax Office fringe benefit formula)
- long service leave payments (including lump sum payments instead of long service leave)
- termination payments (lump sum payments in respect of annual leave, long service leave, sick leave and related leave loadings)
- trust distributions to workers where the distribution is in lieu of wages for work done for the trust.
Wages do not include:
- payments to non-working directors
- compensation payments under the Workers Compensation Act 1987
GST components to worker payments.