Payroll Tax liability within the on-hire environment has always been surrounded by some sort of uncertainty… does the responsibility lie with the recruitment agency, the end client or the contractor?
Australian Payroll Tax Laws vary from state-to-state. All states and territories the ‘Employment Agent’ provision of the various Acts requires that the company that on-hires the contractor to the end-user client is responsible for payroll tax.
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Businesses have reacted with fury after Treasury chief Martin Parkinson suggested the states should take more responsibility for their own revenue bases and consider extending one of the imposts companies hate most — payroll tax.
The Australian Chamber of Commerce and Industry’s chief economist Burchell Wilson urged state and territory governments to rule out extending the reach of payroll tax to small businesses.
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Superannuation plays an important part in securing your lifestyle in retirement. Apart from the compulsory super contributions made by your employer (called ‘super guarantee’ or ‘SG’), you can contribute extra to your super fund at any time to help increase your savings for the future.
You can put in as much money as you like into your super, however there are limits on how much you can contribute before you pay extra tax.
The different caps depend on the type of contributions made into your super fund.
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