Our Services for Contractors
At Unique we specialise in supporting freelance professionals and independent contractors. Our team of experts have a unique combination of experience in Employment, Taxation, Contractor Management, Industrial Relations and immigration services. This knowledge and broad experience provides us with a greater capacity to better service your needs and ensure you’re operating within a legally compliant employment and taxation structure.
Through complex tax minimisation strategies, LAFHA, Salary Packaging, Financial Planning and numerous other value added services we ensure you receive the maximum cash in hand income possible.
We do what we say and we have the experience to get it right the first time, every time.
At Unique our specialists offer you the right advice and the best service available.
Our process is simple… Once joined with Unique Contractor Management, all you have to do is submit your time-sheet and expenses. Once we receive this information we will invoice your agency/client, they pay us and we pay you.Our uniquely experienced service allows you to receive maximum in hand benefit in the quickest, most tax efficient and hassle free way possible.
Contractors who will benefit from our service are:
- Contractors that need a quick and easy start-up method.
- Contractors requiring professional insurances
- Contractors who require a cost-effective solution for short-term contracts.
- New Zealand Residents and Citizens working in Australia
There’s a fine line between tax minimisation and tax avoidance and choosing the correct structure is no simple matter. In fact before the most efficient taxation model can be administered it is essential your Contractor Management Company take into consideration the nature of your employment, your process of remuneration, hours and consistency of employment and the relevant NES or award.
Currently the main taxation structures available for freelance workers and contractors are:
||Standard employee engagement structure.Minimum tax benefit.
|PAYG with Salary Packaging
||Significant tax benefit, reduced administration, LAFHA capability.
|ABN Sole Trader
||Limited tax benefits, limited availability.
||Limited tax benefit as above with increased liability and limited Security.
||Flat 30% tax rate, Reduced Liability, Significant start-up cost, ongoing and administration expenses.
||Increased tax saving for high income earners, Significant start-up cost, further reduced employment liability.
To receive a free taxation and contractor management assessment contact one of the team on 02 9008 1355.
Living Away From Home Allowance (LAFHA) and Salary Packaging
Signing with Unique provides you with the opportunity to take advantage of LAFHA (subject to assessment).
Despite the term ”Allowance” LAFHA is a government based tax concession available to workers that have temporarily relocated for work purposes. LAFHA is not restricted to Australian citizens and many International 417, 462 and 457 visa holders (with valid working rights in Australia) can take advantage of the large tax concessions working through Unique Contractor Management.
Living Away From Home Allowance concession is comprised of two main components
Rental / Accommodation costs and Incidental costs or food and living expenses. Relocation and travel expenses can also be claimed, although these however are a generally a one off event. With the inclusion of rent, Incidentals, relocation and travel expenses, as the tax free components of your income. The cash in hand benefit to you is significant. "Let us do the math!"
In addition to providing LAFHA, Unique also provide an extensive Salary Packaging service.
Salary Packaging is a tax minimisation service where Unique take work related expenses and Fringe Benefit Tax exempt items to lower the taxable value of your income, again increasing your cash in hand benefit. Unique’s Salary Packaging service is complimented by our partnership with an award winning motor vehicle leasing firm, a nationally recognised financial planning firm and numerous other high performing alliance partners. Initial consultations with our partners are confidential and at no cost to our business partners or employees.