VIC PAYROLL TAX EXEMPTON
As of May 22, 2024, the Victorian Government has made significant changes to the payroll tax exemption for GPs. Here are the key points: Payroll tax is calculated based on wages paid to employees above a certain threshold. For metropolitan businesses, the payroll tax rate is 4.85%. Regional employers pay a lower rate of 1.2125% […]
ATO: Fringe Benefit’s Tax Rates 2024-2025
A fringe benefit is a ‘payment’ to an employee, but in a different form to salary or wages. According to the FBT legislation, a fringe benefit is a benefit provided in respect of employment. This effectively means a benefit is provided to somebody because they are an employee. These rates and thresholds apply for the […]
Portable Long Service Leave – VIC Gov
How portable long service leave works The Portable Long Service Benefits Scheme allows workers in community services, contract cleaning and security to take their long service entitlement with them if they change jobs but stay in the industry. From 1 July 2019, businesses with workers in community services, contract cleaning and security must register with […]