About Paradigm
Today Paradigm Total Salary Management (“Paradigm”) is a leader in salary packaging
solutions for public and private entities across Australia and to all Fringe Benefit
Tax (FBT) organisation types: private enterprise, not for profit employers, charities
and the health sector.
Paradigm’s client’s include small, medium, and large employers in an array of industries,
including government, mining, financial services, legal, accounting, and human resources.
Paradigm is Australian owned, with headquarters in Perth and today Paradigm provides
salary packaging services to clients throughout Australia. We have a dedicated team
of senior professionals with experience in salary packaging, fleet management, system
development, transactional management, finance, and customer service.
History
Paradigm originated in 1989 with the commencement of research into salary packaging
benefits and operation, which resulted in the development of Paradigm’s in-house
salary packaging software. The software was operated by individual businesses to
model and manage salary packaging savings available to their employees. Car dealerships
utilised the software to demonstrate the benefits of packaging to their clients.
As the industry grew and the legislation / reporting requirements became more complex,
Paradigm evolved it’s service to an outsourced business model.
Why Paradigm?
Salary packaging requires adherence to Australian Tax Office (ATO) legislation.
It is a complex environment, can change regularly and requires significant substantiation
for the establishment of benefits and for payments. Choosing to outsource salary
packaging administration means employers and employees benefit from salary packaging
without the need to undertake the detailed work and education to ensure the offering
is ATO compliant. By choosing to outsource the administration of salary packaging
to Paradigm, you will benefit from:
- Reduce organisational risk: Keep up to date with ATO legislation; calculate Fringe
Benefits Tax (FBT); report to you as required by legislation including FBT, GST,
reportable fringe benefit values, superannuation; collect and securely hold all
relevant documents and substantiation; provide an account manager as a single point
of contact for all employer interaction.
- Assist payroll processing: provide pay period deduction advices on deductions
or refunds for each employee; train and support payroll in the application of those
advices; reconcile remitted funds and hold in trust account structure.
- Assist employees realise savings: deliver presentations, models to support
participation in packaging; provide online access to salary packaging statements
and balances.
- Paradigm fleet management: will assist with car packaging by providing vehicle
sourcing, financing, insurance and fuel cards for vehicle expense management and
monitor the usage to manage FBT.
Contact Us
For more information about Paradigm contact info@paradigmtsm.com.au or call 1300 132 532
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