PAY AS YOU GO (PAYG)

Course objectives
– Explain the purpose, scope, and core mechanics of PAYG withholding and PAYG instalments.
– Identify when withholding obligations arise and apply the correct withholding approach to common payment types and edge cases.
– Establish robust processes for registration, payroll reporting, activity statement reporting, remittance, and record keeping.
– Apply PAYG instalment entry criteria, calculation options, payment frequencies, and variation principles to real client situations.
– Advise on governance, controls, and risk management to prevent avoidable penalties and cash flow shocks.

Learning outcomes
– Distinguish PAYG withholding from PAYG instalments and describe how each interacts with annual income tax assessment.
– Assess withholding requirements for wages, directors’ fees, allowances, no-ABN situations, and voluntary withholding arrangements.
– Design end-to-end PAYG withholding processes aligned to payroll cycles, reporting requirements, and remittance schedules.
– Select and apply suitable PAYG instalment calculation methods, and explain the commercial impact of each method.
– Prepare and document defensible instalment variations and explain the potential consequences of underpayment.