Payroll Tax Assistance

The NSW Government has various measures in place to assist businesses during the COVID-19 lockdowns and aftermath, and one of the most recent announcements is some payroll tax relief.

The major initiative available will see eligible businesses granted 50 per cent off their annual payroll tax liability. If your business is eligible for the NSW COVID-19 Business Grant or JobSaver Grant and has total grouped Australian wages for the 2021/22 financial year of $10 million or less, your annual payroll tax liability will be reduced by 50 per cent. More information on this is expected to be provided when your annual reconciliation for 2022 becomes available, so unfortunately for now monthly payroll tax bills are still due as usual.

There are some further relief opportunities available for payroll tax customers, in the form of payment and lodgement deferrals (extra time). We can assist you with the details of these as needed.

As always, for further information on the above or assistance, please get in touch with us.

– James Davis

Posted 20.09.2021

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