ABN Holder Solutions
Power Pays makes ABN holder solutions easy and compliant, managing tax and superannuation obligations effortlessly.
The Business Risk for ABN Holders
While a contingent workforce offers flexibility and specialist skills, it also brings challenges, such as:
1. Admin costs
2. Tax and insurance risk
3. Regulatory and compliance burdens
Non-compliance with Personal Services Income (PSI) legislation can expose your business to significant risks, including fines, penalties and prosecution for tax non-payment.
Many believe that if contractors invoice through a company or ABN, they are safe. However, entering contracts without full understanding puts your business at risk of PAYG taxation, superannuation, and payroll tax liabilities.
Transfer the Risk, Keep the Benefits
Power Pays offers a solution by structuring compliant and legal contractor arrangements, ensuring your business stays protected.
What our ABN Holders say about us!
“I’m pleased to provide a reference for Power Pays, with whom I’ve worked as a Pty Ltd contractor. Throughout our partnership, they have consistently delivered outstanding service, showcasing a deep understanding of the intricacies of salary packaging.
What truly sets Power Pays apart is their ability to customise their services to meet my specific needs, which has been invaluable for me. Their comprehensive approach to salary packaging has allowed me to maximise the benefits of my employment arrangements with ease.
One of the standout features of Power Pays is their reliability. Payroll processing, payslips, and reports are always accurate and of the highest quality, making my experience completely stress-free. I’ve been able to focus fully on my work without worrying about the administrative side of things.
Additionally, the team at Power Pays is consistently responsive and proactive. Every question I’ve had has been promptly addressed, reflecting their strong commitment to customer service.
While I’ve worked with many different clients over the years, Power Pays has been the constant in my professional life. Their unwavering support and expert services have been essential to the success of my business operations.
I highly recommend Power Pays to any contractor seeking a dependable and skilled salary packaging provider. Their expertise and dedication to customer satisfaction are evident in every interaction, and I’m confident they’ll continue to provide exceptional service to any future partners.”
Serhiy Fedenko, Pty Ltd