How a Payroll Tax Lawyer Can Assist with Payroll Tax Audits
The Office of State Revenue in each State and Territory takes payroll tax very seriously, so if you find yourself staring down the barrel of a payroll tax audit, seeking help and advice from a Payroll Tax Lawyer is essential. Payroll tax obligations can be easily misunderstood by business owners. Especially those who haven’t sought […]
How Payroll Tax Help and Advice Can Minimise Taxes for a Start Up Business
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 you money almost immediately. The […]
Good News for Regional Victoria
5 May 2017 The Victorian Government has introduced payroll tax cuts to benefit regional Victoria in this year’s budget. Regional businesses will now pay 3.65% tax instead of 4.85%. However, to quality your business must employ at least 85% “regional employees”. The Government estimates that some 4,000 Victorian businesses will be paying less in payroll […]
Stamp duty for first home buyers abolished in Victoria
7 March 2017 Some good news for first home buyers in Victoria. The Premier, Daniel Andrews has announced that stamp duty for first home buyers will be abolished for purchases below $600,000. There will also be some discounts for properties worth between $600,000 and $700,000. The concession will apply to both new and established homes. […]
Some Good News for Western Australian Businesses
20 February 2017 As part of 2017 election campaign the Barnett Government has pledged to lift the current threshold for payroll tax from $850,000 to $900,000 effective from the 1 January 2018. The State election will be held on the 11 March 2017. The news has been welcomed by the business sector of WA and […]
Doubling the First Home Owner Grant in Regional Victoria
3 March 2017 The Premier of Victoria, Daniel Andrews said today that his government would be doubling the first home owner grant from $10,000 to $20,000 for new homes valued up to $750,000 built in regional Victoria. The increased grant will apply to eligible buyers on contracts signed from 1 July 2017 to 30 June […]
Thresholds for Payroll Tax
Payroll tax applies throughout Australia. However, it is a State based tax. It is not collected by the Federal Government but by each Office of State Revenue in every State^. Every State has its own payroll tax regime. From the 30 June 2016 the threshold amounts and rates of payroll tax for each jurisdiction apply […]
Finding a Payroll Tax Specialist
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 payroll tax for example. When […]
Degrouping Applications for Payroll Tax Under Section 74 of the Payroll Tax Act 1971 (Qld) – Exclusion from a Group
Back in 2008 most of the Australian States and Territories got together and harmonised their payroll tax legislation. But they also toughened up the legislation particularly the grouping provisions. Some people have described the payroll tax grouping provisions as an overkill. And I think because the grouping provisions are so highly technical the legislature included […]
Brief History of Payroll Tax in Australia
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 at the rate of 2.5% […]
