Payroll tax – the basics

What is this?

Payroll tax is a tax assessed based on wages paid or payable an employer to its employees. It is a state tax –each state and territory has their own legislation with varying rates and thresholds.  It is also a self-assessed tax, which means that it is the employer’s responsibility to ensure these obligations are met.

Below are some of the basics of payroll tax that every business owner should be aware of.

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