Business publisher and information group, CCH, today launched Salary Packaging Planner, a software package to make tax effective remuneration planning easier.
The package is intended to help advisers develop optimal salary packages incorporating superannuation, motor vehicles, computers and other tax advantaged expenses.
CCH hopes the software will take salary packaging out of the too-hard basket and help individuals see that there is value in managing their remuneration more tax effectively.
As well as providing tools and examples of how to maximise salary benefits, the information is placed within an instinctive commentary of the tax law.
According to CCH regional director Asia-Pacific, Mr Willem van Zanten, the package was an example of providing expert information on the law and presenting it as a tool helpful for business, accountants and individuals.
"The extent of tax changes in recent years has made tax planning more complex and we expect many accountants to be relieved to know a time saving product in this area is now available," Mr van Zanten said.
"Despite fringe benefits tax, there can still be advantages in packaging salaries. This simple tool highlights these possible benefits.
"Our package is designed to help people structure their remuneration in a way that is beneficial and within the law," Mr van Zanten added.
Among features of the Salary Packaging Planner are that it:
- can be customised to individual cases
- is a complete tool in providing salary packaging alternatives for certain salary levels and comparing them with unpackaged remuneration
- provides detailed instinctive commentary on the law
- meets an information gap in applying taxation legislation to what is achievable for packaging salaries tax effectively
- is priced at $695 inclusive of GST.
In putting together the product, CCH drew on its team of experienced experts covering the areas of tax, law, accounting and human resources.
The salary packaging product is powered by MAUS Business Systems technology.
MAUS Business Systems was acquired by CCH earlier this year, enabling CCH to add the MAUS software applications for the small to medium enterprise market to the CCH business information range.
The MAUS acquisition reflects CCH's strategy of seeking to meet the needs of the business professional by providing software applications, tools and expert information.
Other recent CCH investments have been in SpeedLegal, which provides knowledge-capturing software for the legal market, and Entrepreneur Business Centre, or www.ebc.com.au, which provides guidance on how to buy, start and improve a business.
Established in 1969, CCH, which employs 165 specialist editors in Australia and Asia to produce its expert content, is a subsidiary of international business publisher, Wolters Kluwer nv.
For 2000, Wolters Kluwer recorded profit of A$1.4bn and total sales of A$6.7bn, of which A$415m of sales, a five-fold increase on the previous year, was generated from internet businesses.
ISSUED FOR: CCH AUSTRALIA LIMITED
FOR FURTHER INFORMATION: MR WILLEM VAN ZANTEN, REGIONAL DIRECTOR ASIA-PCIFIC, CCH AUSTRALIA LIMITED,
TEL:(02) 9857 1300
ISSUED BY : WESTBROOK COMMUNICATIONS
CONTACT: JOHN BURKE (02) 9231 0922