Starting a business in Australia means dealing with various tasks, and payroll tax often stands out as one of the most complex. This guide will help you understand payroll tax in Australia, providing you with the information you need to navigate this tricky area. Understanding the Fundamentals of Payroll Tax
Originally published July 19, 2017. This post was updated to improve accuracy and comprehensiveness on April 26th, 2023. Avoid Costly Payroll Tax Mistakes: A Comprehensive Guide With payroll tax making headlines, it’s not surprising that many businesses are keen to understand their own payroll tax issues. Payroll tax is a
What is payroll tax? Payroll tax is a State or Territory Government tax on wages paid by employers. Each State or Territory has its own threshold and rate for payroll tax. If your wages are below the threshold then you don’t pay payroll tax. Details of each State and Territory
Most businesses are looking for ways to cut costs to increase their competitiveness and improve their overall bottom line. To assist you, we’re sharing our expertise with 5 ways to reduce payroll tax. Payroll tax is payable throughout Australia by businesses whose wages exceed the threshold in the State or
Payroll tax on management fees. With payroll tax quite a significant impost for many businesses, astute operators have done their homework over the years. They have called in the experts where necessary and structured their business to effectively manage and minimise their obligations under the law. However, there is still one
Utilising Our Online Payroll Tax Calculator As you’ve most likely already realised, payroll tax is a complex issue and attending to all the details and processes to ensure you meet your company’s obligations can be an extremely time-consuming process. So, as you would expect in this click ‘n go society,
Taxes may be the least favorite topic for small business owners, but it also happens to be one of the most important. Seeking the right information and taking the right steps before the end of the financial year can make a huge difference to your tax bill and can save
I realise the hurdles small businesses face particularly when you start to expand and take on more staff. One such hurdle is coming to grips with payroll tax. There is so much government compliance work to do these days. And sometimes things can creep up on you without expecting. Take
A tax on wages paid by employers was first introduced by the Federal Government during the Second World War by two Acts of Parliament: Pay-roll Tax Act 1941; and Pay-roll Tax Assessment Act The Acts levied a tax on wages paid by employers in Australia from the 1st July 1941
Correct Information As a business owner it is important that you are being given correct advice and consult when it comes to important matters in your business. Although it may not be the first thing that comes to mind when operating a business, it’s still an important factor that must
Our law firm is adept in dealing with payroll tax and everything that it encompasses. We thoroughly understand our clients’ needs and can provide you with advice and solutions that are specific to your needs. With more than 30 years of experience in the legal industry, our principal will give you the best outcome for your business tax goals. Contact us today to discuss your employment tax obligations.
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