Budget – What you need to know!

Removing tax deductibility of non-compliant payments.

 

 

 

Budget, what you need to know- Removing tax deductibility of non-compliant payments.

 

Where an employer fails to withhold an amount of PAYG from payments to an employee or to a contractor (where no ABN is provided), a deduction for the payment will be denied.

 

This measure will commence from 1 July 2019

 

.If you’re not sure how this, or any other changes will affect your business, you need to speak with us. Please phone 0434 391 331.

 

 

 

 

 

 

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