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How Salary Packaging Can Give Your Employees A Pay Rise

Podcasts

How Salary Packaging Can Give Your Employees A Pay Rise

By , January 25, 2021
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Scott Iriks is the Director and CEO of Easi, one of the leading and most experienced salary packaging and novated lease providers to some of Australia’s largest government and private employers. For mid-market business owners, salary packaging is specifically important in terms of what can be done to help your employees package their salary more effectively. More importantly, Scott promotes salary packaging as an essential for employee retention and giving your employees the opportunity to maximise what you pay them.

When pitching salary packaging to small business owners, Scott provides the process as a means to give your employees a pay rise, without incurring any additional costs for the business. Essentially, salary packaging focuses on reducing the amount of tax you pay, by reducing your taxable income. Most commonly packaged is a car, offering the biggest benefit. Yet, the list of what can be salary packaged is extensive, including laptops, airport membership, superannuation, professional subscriptions, living away from home allowance, financial advice, self-education expenses and even groceries.

Scott is dedicated to the financial services industry. He accelerates knowledge, commitment and innovation in his role at  Easi, which takes pride in delivering exceptional value for both the employer and the employee. He is an Australian Credit License holder and also runs a consumer asset finance company that is contracted with major insurance providers to provide replacement vehicles and finance to cash settled customers.

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Craig West

Craig West

Executive Chairman | Succession Plus

Craig West is a strategic accountant with over 20 years of experience advising business owners. His background as a CPA in public practice has provided invaluable experience in the key issues of concern to business owners.

In March 2014, Craig was appointed Executive Chairman of the SME Association of Australia, Australia’s largest small business organisation representing over 300,000 business owners.

In October 2014, he was awarded the Exit Planner of the Year at the Exit Planning Institute Annual Conference in Texas, USA, due to his innovative development of an exit planning process to help business owners maximise business value and achieve a successful exit.

Craig’s proprietary structure - a Peak Performance Trust - has won the Australia-wide award for the Employee Share Ownership Plan of the year twice in four years.

In November 2018, Craig launched SME Experts in partnership with Mark Bouris’ Mentored on Podcast One and quickly grew the monthly podcast audience to over 26,500 downloads; in October 2019, he released a new podcast focused on medium-sized businesses - Mid-Market Matters.

In July 2021, Craig joined the NSW Committee for STEP (Society of Trust & Estate Practitioners) – focusing on advising families across generations.

Craig has also launched a SaaS platform, Capitaliz (which captures the 21-step process), to assist other advisers internationally deliver advisory services at scale.

In November 2021, Craig was appointed Executive Chairman of NSW Leaders, a business mentoring group for leading NSW businesses.

In July 2022, Craig West received the award of Doctor of Business Administration for his research thesis titled “Examination of the key factors driving business exit options in Australian Small and Medium Enterprises.”

Craig is passionate about encouraging business owners to think strategically, maximise the value of their business and achieve a successful exit.

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