Following on from our recent article looking at the Payroll Tax and Workcover risks that come with engaging contractors, this article focuses on the risks of non-compliance with Super Guarantee and pay as you go (PAYG) withholding legislation.
The Budget provides more funding to the ATO’s Tax Avoidance Taskforce with a focus on unpaid tax and superannuation by large businesses and high wealth individuals. A dedicated sham contracting unit will also be created within the Fair Work Ombudsman to address sham contracting.
Recently there has been a rise in the number of random NSW Payroll Tax audits, especially in the Building & Construction Industry. The key target is payroll tax on Contractor Payments where the worker is hired as an independent contractor, but works and operates exactly like an employee. Payroll Tax is applied to a business’s […]
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