As your business grows and begins employing staff across different states or territories, payroll tax quickly shifts from a minor compliance item to a major financial and administrative burden. For many business owners, the risks lie not in what they know—but in what they don’t know. At Boa & Co. Chartered Accountants, we regularly assist […]
Four Key Risk Areas in Managing Payroll Tax Read More »
If you’re a medical practitioner or operate a medical practice in South Australia, two new payroll tax rulings from RevenueSA may directly affect how you manage your payroll obligations from 1 July 2024. At Boa & Co. Chartered Accountants, we’re keeping a close eye on these developments so you don’t have to. Here’s what you
The Payroll Tax Amendment Act 2024 (NT) has been enacted, bringing significant payroll tax changes to businesses operating in the Northern Territory (NT). Effective from 1 July 2025, these amendments aim to provide relief for businesses while incentivizing apprenticeships and training. Key Changes to Payroll Tax in the NT How These Changes Affect Your Business
Northern Territory Payroll Tax Changes: What Employers Need to Know Read More »
Industry Groups Call for Urgent Legislative Update The NSW Payroll Tax Act is under scrutiny as industry leaders warn that its current classification of mortgage brokers as employees of aggregators could result in significant financial strain on independent brokers and small brokerage firms. The Mortgage and Finance Association of Australia (MFAA) is leading calls for
NSW Payroll Tax Changes Could Cost Brokers $68,000 in Extra Taxes Read More »
The New South Wales government’s recent announcement of a parliamentary inquiry into the Payroll Tax Act has sparked significant interest across industries, particularly among high-income professionals such as surgeons, lawyers, financial advisors, and consultants. This review aims to address contentious issues related to contractor and employment agent provisions that directly affect how payroll tax is
NSW Payroll Tax Review: Implications for High-Income Professionals in Specialist Sectors Read More »
Struggling to find the best payroll providers in Australia? With ever-changing regulations on benefits, salaries, and complex tax due dates, finding the right payroll provider in Australia is crucial for success. Businesses of all sizes need reliable payroll solutions. So, if you’re looking for ways to save time, reduce errors, and ensure compliance (and let’s
Finding the Right Payroll Provider: A Business Owner’s Guide Read More »
When you receive your payslip, you may notice a section labeled “PAYG withholding.” This can be confusing if you’re not familiar with tax terminology. Here’s a straightforward explanation of what PAYG withholding is and how it affects your finances What is PAYG Withholding? PAYG (Pay As You Go) withholding is a system used by the
Understanding PAYG Withholding on Your Payslip Read More »
Ever wondered why your pay slip includes a payroll tax line item? Or as an employer, struggled with accurately calculating and paying this tax? Payroll tax is a fundamental aspect of doing business in Australia, and understanding it is crucial for both employers and employees. Key Takeaways The Basics of Payroll Tax Payroll tax is
Understanding Payroll Tax: Essential Information for Employers and Employees Read More »
As a business owner, managing payroll can be a real challenge. It’s time-consuming, and complex, and even a small mistake can be costly. But there’s a solution to take the stress out of payroll: payroll outsourcing. This post explores the many benefits of outsourcing your payroll. If you’ve ever found yourself knee-deep in spreadsheets late
10 Benefits of Payroll Outsourcing for Your Business Read More »
Ever wondered about that line item for payroll tax on your pay slip? Or perhaps, as an employer, you’ve grappled with the intricacies of calculating and paying this tax accurately. Payroll tax is a crucial aspect of business in Australia, and grasping its nuances is vital for both employers and employees. Key Takeaways The Basics
Understanding Payroll Tax: A Comprehensive Guide for Employers and Employees Read More »