Tasmania Payroll Tax: COVID-19 Business Support Package
In response to the COVID-19 issue, the Tasmanian Government has announced a support package which includes payroll tax measures: Businesses in tourism, hospitality, seafood and export sectors: payroll tax for last 4 months of 2019/20 (March-June) will be waived. Business affected by COVID-19 in other sectors: with annual payrolls not exceeding $5m, you can apply […]
NSW Payroll Tax: COVID-19 Stimulus Package
In response to the COVID-19 issue, the NSW Government has announced a stimulus package which includes payroll tax measures: Waiving payroll tax obligations for 3 months to 30 June 2020 for businesses with payrolls up to $10 million. Effectively saving businesses a quarter of their 2019/20 payroll tax bill Bringing forward payroll tax measures announced […]
WA Payroll Tax: COVID-19 Stimulus Package
In response to the COVID-19 issue, the WA Government has announced a stimulus package which includes payroll tax measures: A one-off $17,500 grant to payroll tax paying businesses with payroll $1m-$4m Increasing payroll tax threshold to $1m from 1 July 2020, 6 months earlier than planned. Deferral of 2019/20 payroll tax to 21 July 2020 […]
Coronavirus: Deferred Payroll Tax, Qld
In good news for many Queensland businesses, the Queensland Treasurer, Jackie Trad, has announced that Qld businesses affected by the coronavirus will be able to defer their payroll tax payments for 6 months. The initiative is backdated to 1 February 2020 when travel bans started. “Small and medium businesses are especially vulnerable to these external […]
Wages Underpayment, Payroll Tax Implications
The current exposure of many cases of wages underpayment sends a strong message to all Australian businesses, small and large. Businesses must be on high alert. Whether intentionally or accidentally, if you are underpaying your staff, there is an increasing chance that you will get caught. The results can be devastating and not just financial […]
Management Fees, Payroll Tax and the Crackdown
Along with other issues in the wages space being investigated by authorities, the Queensland’s OSR is looking closely at the payment of management fees between companies. No doubt, this crackdown will spread to other states and territories so wherever you operate, you should be addressing this issue asap. To assist, I’m providing guidelines on how […]
5 Ways to Reduce Your Payroll Tax
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 Territory in which they operate. […]
WA Payroll Tax Changes 2020
WA Government delivers payroll tax relief for 12,000 small businesses. Small businesses are set to be the big winners with changes to payroll tax announced by Western Australian Premier, Mark McGowan on 31 October 2019. The key initiative is an increase in the payroll tax threshold by $150,000 over the next two years. Western Australia […]
QLD 2019 State Budget Review: Payroll Tax Reform
The QLD Government 2019 State Budget introduces payroll tax reform package to support business. Already boasting one of the most competitive payroll tax regimes in the country, Queensland is set to improve that situation with a $885m payroll tax reform package. In handing down the 2019/20 State Budget, Queensland Treasurer, Ms Jackie Trad, said the […]
The Unequal States of Payroll Tax
2018 may go down as ‘The Year of Payroll Tax’. As we updated you earlier in the year, most states and territories made significant changes to payroll tax, to the benefit of many businesses. A political move with state elections looming? Not for us to draw those conclusions. But as this somewhat landmark year for […]
