Remember to review your payroll. If you exceed $750,000 you should be paying payroll tax at a rate of 5.45%. Remember payroll includes: salaries & wages, superannuation, director’s fees, FBT, allowances, bonuses, termination payments and contractor payments. If you are a member of a group of companies then your payroll is counted together for the purposes of payroll tax.

If you have any questions relating to payroll tax obligations please give one of the Sullivan Dewing professional accounting team a call on 9526 1211 or visit OSR.