Five Reasons You Should Seek Payroll Tax Advice from a Professional Consultant
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 be considered. A Payroll Tax […]
How a Payroll Taxation Lawyer Can Benefit Your Business
To understand why it is important to have a Payroll Taxation Lawyer for your business, you must first understand exactly what payroll taxation is. Payroll taxation is defined as a self-assessed, general purpose state and territory tax assessed on wages paid or payable by an employer to its employees, when the total wage bill of […]
Where to Go For Payroll Tax Help & Advice
It certainly comes as no surprise that accurately assessing payroll taxes and then subsequently successfully filling out all the associated stacks of paperwork can be an especially confusing and convoluted process for any business: whether you’re an employer operating as either a company, partnership, or even as a sole trader, taking care of your business’s […]
What is a Payroll Tax Consultant & How Can They Assist Your Business?
Payroll taxes serve as federal and state taxes that employers –sole traders, partnerships or companies – are able to legally withhold from the pay checks of their employees. This includes everything from income taxes and social security right through to Medicare. The Australian Taxation Office (ATO) trusts every employer to withhold a certain percentage of […]
Facing a Payroll Tax Audit? Don’t Go It Alone
When it comes to facing a payroll tax audit alone, this can – quite simply – spell disaster and serious trouble for both you and your business. However, our payroll tax specialists based in Queensland – a team of consummate professionals with years of experience – can help represent your business when facing such a […]
Understanding Your Payroll Tax Obligations
Contrary to what a lot of businesses think payroll tax is not administered by the Australian Tax Office. It is administered by each State by their own Office of State Revenue. It is a State-based tax, not a Federal government tax. Payroll tax is levied on the amount of your employees’ wages. Unfairly it has […]
NIDA: Claim for payroll tax refund fails
27 October 2016 The well-known Australian acting academy, NIDA has recently lost a claim in the Supreme Court for a refund of payroll tax of $2.5m. NIDA claimed it was a “promoter of the arts” and accordingly should be treated as a charity. It was accepted by the Court that NIDA was a non-profit organisation […]
ACT increases threshold for payroll tax
30 May 2016 It’s good news for some businesses in ACT with the government increasing the payroll tax threshold from $1.85m to $2m from July 2016. The increase in threshold will see businesses in the ACT whose payroll is more than $2m receive a $10,000 cut in payroll tax. Some ACT businesses will no longer […]
Uber and Payroll Tax
22 March 2016 Uber was founded in 2009 in San Francisco and now operates in 56 countries throughout the world including Australia. It has a market valuation of over US$60 billion. Last financial year Uber paid only $249,000 company tax in Australia compared to $1.25m in payroll tax. It appears, however, in light of a […]
Which industry pays more than any other in Australian taxes?
19 October 2015 According to a report by the Australian Bankers’ Association, banks paid $13.7bn in taxes to Australian governments in 2014 which is more than any other industry. The Association reported that the banking industry employs 150,000 workers and paid $13.7bn in taxes per year plus $23bn in dividends and $75bn in interest. The […]
