Positive Changes To Payroll Tax Legislation

admin Payroll Tax

Dear friends of Jonas and Associates, On the 12th of November the changes to the Payroll Tax Thresholds became law providing relief for stretched cash flows and reducing the administrative burden to small business owners. The new thresholds provide business owners an exemption for payrolls of less than $1,500,000.00. Businesses with payrolls, between $1,500, 001 and $1,700,000 will be required …

Payroll Tax Relief became law on 12th November 2018

admin Payroll Tax

“Unfortunately, the laws regarding contractors’ payments being classed as wages is still in place e.g. if you contracted with one contractor for more than 90 days, those payments will be treated as wages. This part of the act is causing carnage with payroll tax of $50k and $350k. This is a sleeper as this has been under the radar, it …