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What are Fringe Benefits and Fringe Benefit Tax? Fringe Benefits are payments to employees in a form other than salary and wages. These payments are usually private in nature and generally not deductible for tax purposes. Some examples include entertainment ex.....
Business - 1 min read
Have you recently outsourced your business’s payroll processing function?
Scams across the country have been identified involving ‘labour hire payroll processers’. It’s been discovered that they are not passing on payroll taxes to the relevant State Revenue Office.
Employers are having to pay to meet their outstanding tax liabilities, as well as trying to recover the amounts paid to the payroll processor. If you are about to enter a ‘labour hire contract’, ensure you have undertaken a thorough due diligence.
If you are using a contracted payroll processor and they are forwarding payments on your behalf, we strongly recommend that you check on a monthly basis that all payroll tax liabilities are being forwarded to the relevant State Revenue Authority.
Set your business on the right path with this simple guide.
Make sure you’re on the right track with this online checklist.
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Altus Wealth Pty Limited ABN 55 649 956 212 is an Authorised Representative of Altus Financial Services Pty Ltd ABN 24 637 026 825 an Australian Financial Services Licensee (AFSL no. 520266). Altus Financial Services Pty Ltd is not responsible for the advice, products and services provided by Altus Accounting. Julie Azzi is a credit representative (CR No. 366834) of BLSSA Pty Ltd ABN 69 117 651 760 (Australian Credit Licence 391237).
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