On the 17th March 2020, the State Government announced as part of the economic stimulus package, a payroll tax relief. Details of the relief have now been clarified and we can confirm:
HQB can assist with the preparation of your payroll tax annual reconciliation so we suggest contacting our office when it’s time to prepare this reconciliation.
We note that the payroll tax threshold will increase in the new financial year from $900,000 to $1 million.
If you would like to discuss any of the details in this payroll tax article, please call.
– Ian Hogbin & Kanista Arokianathan
This article is compiled as a helpful guide for your private information and is subject to copyright. We suggest that you do not act solely on the basis of material contained in this article because items are of general nature only and may be liable to misinterpretation in particular circumstances. We recommend that our advice be sought before acting on any of these crucial areas.