Tobin Partners Brisbane

When it comes to minimising your tax liability, payroll tax is often overlooked or forgotten. At Tobin Partners, our tax lawyers are here to help you find and implement strategies to reduce your payroll tax burden legally, so that your business can continue to grow.

In Queensland, if your business pays more than $1.3 million but less than $6.5 million in annual taxable wages, you will be expected to pay a yearly payroll tax rate of 4.75 percent on top of those wages. If your annual taxable wages are more than $6.5million your payroll tax rate is 4.95%. Regional employers may be entitled to a 1% discount on the rate until 30 June 2023.  The payroll tax rate can quickly prove costly for your business, especially if you are trying to grow and expand your team.

At Tobin Partners, we want to help your business grow and thrive.  Whilst very often there is no real way to avoid paying payroll taxes, sometimes there are steps that can be taken to keep your business below the threshold without hindering your ability to grow. 

We can work closely with you to structure or restructure your business so that you are minimising the amount of payroll taxes . Even if you are only just over the threshold and aren’t paying much extra tax yet, talking with us is still a good idea. We can help you plan for the future so that you are saving money in the long run.

Are you interested in learning more about our legal strategies for reducing your tax burden? Contact Tobin Partners today to get your Queensland payroll tax advice.