Remember, you cannot automatically claim a deduction just because you received an allowance. For a summary of deductions specific to IT professionals see our post ==> Tax Deduction Finder for My Job.
IT workers commonly get the following types of allowances:
motor vehicle allowances (based on a cents-per-kilometre basis)
If any allowance is shown as a separate amount [...]
You must pay super contributions to a complying super fund for all eligible employees by the quarterly deadlines. These contributions are in addition to the employees’ salaries and wages, and must be calculated based on ordinary time earnings.
You also need to pay super contributions for contractors you pay under a contract for labour, because they [...]
You are generally only entitled to an ABN if you are carrying on an enterprise in Australia or have a clear business intent.
Contractors differ from employees and holding an ABN means that you:
have entered the business tax system and are now responsible for reporting your income and paying your tax and super entitlements
may be responsible [...]
