Many employers are unsure at what level their total payroll attracts Payroll tax.  It is easy to be so busy running your business that this tax obligation is overlooked.  As this is a state tax the laws vary between states and it is crucial to understand which legislation you are under.

What is the definition of Payroll?

For NSW Payroll tax is levied on salaries, wages, directors’ fees, allowances (with some important exemptions), bonuses and commissions, taxable fringe benefits, shares and options issued, employer’s superannuation contributions, termination payments and some third-party payments.

There are some important exempt payments such as maternity leave and other types of leave payments.

In other words, it is best to get advice.

We can help you with: 

• Preparation and lodgement of all forms relating to Payroll tax
• Advice on all Payroll matters including company grouping provisions

Contact us today.

Disclaimer:
The above services are provided by Stanley & Stewart Accountants Pty Ltd ABN 76 114 691 673, trading as Stanley & Stewart Chartered Accountants, a company that is not licensed to provide financial planning services.
Any financial planning services required are provided by Stanley & Stewart Financial Planning Pty Ltd ABN 97 611 554 299, an Authorised Representative of Politis Investment Strategies Pty Ltd ACN 71 106 823 241 AFSL No 253125.
Liability limited under a scheme approved by Professional Standards Legislation.