Important changes to payroll tax and mental health levy
Perrier Ryan • December 15, 2022
The Queensland Revenue Office has announced two important changes to payroll tax - effective 1/1/2023
Just recently, the QRO has announced these two changes to payroll tax effective 1 January 2023:
- The payroll tax deduction range will change, reducing payroll tax for small and medium businesses. The deduction entitlement now extends to employers with annual Australian taxable wages up to $10.4 million (previously $6.5 million).
- A mental health levy will apply for employers or groups of employer who pay more than $10 million in annual Australian taxable wages.
More information is available on the links provided.
posted 15/12/2022
From 1 July 2027 new laws will require companies to provide director IDs to ASIC when updating company details
Banks under pressure from ASIC after a recent review of Mortgage Offset accounts
The Federal Budget introduced several significant tax proposals which may impact the taxation of your investments and the structure you use to conduct your business or hold assets
unsolicited annual company review and business name registration notices being sent to companies - please ignore but contact us
Intuit QuickbooksOnline (QBO) - upgrading all customers to Open Banking Bank Feeds
An evening where guests heard insightful commentary on topics such as wealth creation & tax planning
