The payroll tax regimes throughout Australia are constantly changing both through legislative amendments and case law requiring ongoing vigilance rather than a ‘set and forget’ mindset.
Payroll tax is imposed by each State and Territory of Australia on the total taxable wages paid or payable by employers to employees (including certain contractors). While payroll tax is a State based tax, consideration of an employer’s Australia wide operations and taxable wages is necessary.
Often decisions about payroll tax, or the data that forms the base used to prepare payroll tax returns, are made outside of an entity's tax or finance team leading to potential risks of incorrect self-assessment and reporting. Compounding this issue is the obligation to lodge annual payroll tax reconciliations in July which coincides with the already busy year-end period.
TLS assists employers from all industries to meet their payroll tax obligations across all Australian States and Territories. We can assist with all aspects of the payroll tax continuum from early-stage preparation and ensuring you are correctly classifying payroll accounts/codes during the year, to preparing and lodging end of year returns, right through to assisting with unexpected audits and objections.
In addition to our compliance role, TLS is a leading indirect tax litigation practice whose founder has successfully represented multiple clients in tribunals and Courts across Australia. This provides our clients with the unique benefit of an advisor that is abreast of the ongoing technical and practical changes for payroll tax as it happens.