NSW Payroll Tax Extended to 2019
July 2015
What is the payroll rebate about?
The NSW payroll rebate scheme was introdued in 2011 to help employers take on workers in new eligible employment. The scheme entitles businesses to a rebate of up to $5000 for payroll purposes.
How is the rebate paid?
The rebate is paid in two parts, on the first and second anniversary of employment of an additional person in a new job.
To be eligible for the scheme, your business must be registered as an employer and paying payroll tax in NSW. Employees must be employed in a new position after 1 July 2011, have maintained employment for at least 2 years within NSW and not excluded from the scheme for any reason. If you are taking on new staff and want to take advantage of the scheme, then your new team members must be employed before 1 July 2015.
A case study: How can the rebate help your business?
The primary benefit of the rebate scheme is returning cash back into your business by looking at the composition of your staff structure and movement.
Are you eligible?
If you believe your business is eligible or want to find out if you can take advantage of the scheme, please contact us on 02 9957 4033 or or via our website.
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Disclaimer
This article is provided for information purposes only and correct at the time of publication. It should not be used in place of advice from your accountant. Please contact us on 02 9957 4033 to discuss your specific circumstances.
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