Payroll Tax Redcliffe

If you are an employer in Australia and pay taxable wages that exceed a certain threshold, you must register for payroll tax. Payroll tax rates in Australia vary by state and territory, so you must understand what your rate is. In Queensland, liability begins when annual wages exceed $1.3 million.

Total Business Partners will ensure that you understand what you need to pay and when you need to pay it. Furthermore, our accountants and bookkeepers ensure that our clients never pay more than is necessary.

Please visit our pages for payroll tax on the Brisbane, Sunshine Coast and in North Lakes.

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What is Payroll Tax?

Payroll Tax is a state tax that employers are required to pay when their wage bill exceeds a certain amount. The tax rate varies by state and territory.

Payroll tax should be filed and paid to the appropriate revenue office in the state or territory where you do business or hire employees. The payroll tax threshold in Queensland is $1.3 million in wages paid per year.

Total Business Partners will ensure that you are not paying more payroll tax than is necessary. Furthermore, our knowledgeable staff will ensure that you understand how much tax you must pay and when you must pay it.

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What are taxable wages in Redcliffe for payroll tax purposes?

Employee payments subject to payroll tax go above and beyond the standard monthly wage for each employee. Wages are generally subject to payroll tax if the recipient has an enforceable right to the payment or if it is a reward for services rendered by the employee. This will consist of the following:

  • Commissions
  • Overtime payments
  • Holiday pay
  • Sick leave
  • Study leave
  • Long service leave
  • Bonuses
  • Penalty rates
  • Superannuation payments
  • Allowances such as tools, clothing and travel
  • Employee share/option schemes
  • Fringe benefits e.g. club memberships

Payroll tax grouping for corporations

Payroll tax grouping provisions were implemented in the 1970s to prevent businesses from employing employees in multiple entities to avoid paying payroll tax. These provisions are governed by some complicated rules, but in general, if your business is connected or related to another business, you may be treated as a single entity for payroll tax purposes.

The ATO will consider your company to be part of a group for a variety of reasons. For example, if one corporation controls the board composition of another corporation or owns more than 50% of the share capital of another corporation.

This is only the tip of the iceberg when it comes to the rules governing corporation grouping for payroll tax purposes. Total Business Partners makes certain that you do not pay more payroll tax than is required.

Payroll Tax Sunshine Coast location

North Lakes Payroll Tax location

Take a look at some of the additional services we offer in Redcliffe to promote success.

At Total Business Partners, our motivation comes from seeing our clients succeed. We strive to deliver the highest level of service and are Xero certified accountants with expertise in structural business planning and financial management. Our professional services are provided throughout Redcliffe and the wider Brisbane region including North Lakes, as well as across the Sunshine Coast.

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