Payroll Tax Sunshine Coast & North Lakes

If you are an employer and pay Australian taxable wages that are above a certain threshold, you must register for payroll tax. Payroll tax rates differ in states and territories around Australia, so you must understand how much your rate is. In Queensland, liability is initiated once wages reach $1.3 million per annum.

At Total Business Partners, we will ensure that you understand what you should be paying and when to pay it. Additionally, our accountants and bookkeepers always ensure that our clients never pay more than they are liable for.

Please visit our pages for payroll tax in Brisbane, Redcliffe and North Lakes.

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What is Payroll Tax?

Payroll Tax is a state tax that is paid by an employer when their wage bill exceeds a certain threshold amount. The tax rate varies between states and territories.

Payroll tax should be lodged and then paid to the respective revenue office in the state or territory in which you run your business or hire your employee. In Queensland, the threshold for payroll tax is $1.3 million per annum spent on wages.

At Total Business Partners, we will ensure that you do not pay more payroll tax than you are required to. Additionally, our experienced team will ensure that you understand how much tax you are liable to pay and when to make the payments.

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What are ‘taxable wages’ for payroll tax on the Sunshine Coast?

When it comes to employee payments that are liable for payroll tax, it does extend past the standard monthly wage for each employee. Generally, wages are liable for payroll tax if the recipient has an enforceable right to the payment or if the payment is a reward for the employee’s services. This will include:

  • 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

Corporation grouping for payroll tax

In the 1970s, payroll tax grouping provisions were introduced to prevent companies from employing staff in different entities to avoid reaching the threshold for payroll tax. There are some complex rules regarding these provisions but generally speaking if your business is connected or related to another business, you may be treated as one entity for payroll tax purposes.

The ATO will consider your business part of a group for a variety of reasons. For example, if one corporation controls the board composition of another corporation or if one corporation holds over 50% of the share capital of another corporation.

This is just the tip of the iceberg when it comes to the rules behind corporation grouping for payroll tax. With Total Business Partners, we ensure that you do not pay any more payroll tax than you are liable for.

Payroll Tax Sunshine Coast location

Payroll Tax North Lakes location

Take a look at some of the other services that we provide in Sunshine Coast to facilitate success

At Total Business Partners, we are driven by the success of our clients. We are Xero certified accountants, well-versed in structural business planning and financial management, and always look to provide the best standard of service. With this in mind, we have chosen to offer the following comprehensive services to help Sunshine Coast businesses thrive. We also provide services to the wider Brisbane region, including North Lakes.

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