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in     by Coralie Kemp 07-05-2019
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State Payroll tax is a state and territory tax on the wages you pay as an employer. It's calculated on the amount of wages you pay each month and payable in the state or territory of Australia where the services were performed.
 
Australian State and Territory Revenue Offices regularly conduct audits and investigations to ensure all liable employers are complying with their legal requirements under payroll tax legislation.

Each year large numbers of employers fail to register for payroll tax and are subject to penalties for the following reasons:

  • failing to register when total wages paid in a jurisdiction exceed that jurisdiction’s monthly threshold amount;
  • failing to register in each jurisdiction in which they pay wages;
  • failing to register a related entity under the grouping provisions, including:
    • where a holding / subsidiary relationship exists (mandatory grouping);
    • where two businesses are controlled by the same person or persons (e.g. common partners / shareholders / directors / beneficiaries or any combination of these);
    •  the common use of employees.
Wages liable for payroll tax include:
  • Employee wages
  • Contractor payments
  • Directors' remuneration
  • Superannuation
  • Allowances
  • Fringe benefits
  • Bonuses and commissions
  • Termination payments
Not all businesses will have a payroll tax obligation. You only have to pay it if your taxable wages (or your group wages) exceed the threshold in your state or territory.
Each state or territory has a different tax threshold as well as registration process. It's important to know what the threshold is in your state or territory, and if your taxable wages are approaching or have surpassed that threshold because you may have to register for payroll tax.  For more information on payroll tax in your state, please click here.
Need help?  Please contact us today.

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Blog

in     by Coralie Kemp 07-05-2019
0
State Payroll tax is a state and territory tax on the wages you pay as an employer. It's calculated on the amount of wages you pay each month and payable in the state or territory of Australia where the services were performed.
 
Australian State and Territory Revenue Offices regularly conduct audits and investigations to ensure all liable employers are complying with their legal requirements under payroll tax legislation.

Each year large numbers of employers fail to register for payroll tax and are subject to penalties for the following reasons:

  • failing to register when total wages paid in a jurisdiction exceed that jurisdiction’s monthly threshold amount;
  • failing to register in each jurisdiction in which they pay wages;
  • failing to register a related entity under the grouping provisions, including:
    • where a holding / subsidiary relationship exists (mandatory grouping);
    • where two businesses are controlled by the same person or persons (e.g. common partners / shareholders / directors / beneficiaries or any combination of these);
    •  the common use of employees.
Wages liable for payroll tax include:
  • Employee wages
  • Contractor payments
  • Directors' remuneration
  • Superannuation
  • Allowances
  • Fringe benefits
  • Bonuses and commissions
  • Termination payments
Not all businesses will have a payroll tax obligation. You only have to pay it if your taxable wages (or your group wages) exceed the threshold in your state or territory.
Each state or territory has a different tax threshold as well as registration process. It's important to know what the threshold is in your state or territory, and if your taxable wages are approaching or have surpassed that threshold because you may have to register for payroll tax.  For more information on payroll tax in your state, please click here.
Need help?  Please contact us today.

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0 Comments

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2490005
 © COPYRIGHT T3 Partners 2016 | Phone 1300 442 484 | Privacy Policy | Terms & Conditions | Corporate Partners
2490005