Once over the threshold, employers generally have to pay payroll tax on wages they pay. However, wages are not only salaries that are paid to employees.
Entities other than employers may also be liable for unpaid payroll tax.
The risk we often see is employers or their advisers missing or misapplying the various provisions in the payroll tax legislation that:
- deem amounts to be wages
- group passive investment entities with employers, making them jointly and severally liable for any unpaid payroll tax liabilities.
This can often cause catastrophic consequences for businesses where a payroll tax shortfall occurs over a period of 5 years.
In this webinar, we will work through case studies to help you identify:
- the types of wages for that may be liable for payroll tax
- employment agency arrangements
- when the payroll tax grouping provisions apply and how they operate
- strategies for excluding members of a payroll tax group – particularly passive asset holding entities.
This webinar is highly recommended for:
- financial planners
- HR professionals
- senior executives