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September 2016

payg-tax

ATTENTION BUSINESS OWNERS

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Due to recent Bills being passed through Parliament, the PAYG withholding tax tables will be changed as of 1 October 2016 (Grand Final Day!)
Please ensure that you have loaded the new tax tables into your accounting software, prior to your first pay in October.
Note: that if you are using Xero, MYOB Essentials or Intuit, these will update automatically, therefore you don’t have to do anything!
The new tax tables will be available shortly on the below link:

https://www.ato.gov.au/Rates/Tax-tables

Feel free to contact your accountant if you require any further information or assistance.