Employment taxes

Employment taxes can represent a significant impost on a business if not managed correctly.

As employment taxes become more complex and new concessions and exemptions are introduced on a regular basis, a business may find itself in a situation where it is paying too much tax or not paying the right amount of tax.

We take a hands on approach in dealing with employment taxes to ensure business has identified all tax savings and processes are in place to meet their employment tax obligations.

RSM can assist with managing employer taxes through:

FBT and payroll tax return preparation and review
advice on FBT, payroll tax and workcover implications for companies engaging employees and contractors
FBT, payroll tax and workcover prudential reviews or 'health checks' to identify tax savings
review and develop FBT and payroll tax policies and procedures for employers

Employment tax management also plays an important role in planning for expatriate taxation.

Payroll tax update for Queensland medical centres – the first domino to fall?

On 22 December 2022, the Queensland Commissioner of State Revenue (the “Commissioner”) issued a significant payroll tax ruling covering payments made under common medical practice arrangements, Public Ruling PTA 000.6.1[1] (the “Ruling”).

Avoid the surprise from tax that might ruin your Christmas party

With the festive season around the corner, it is the time of the year when employers want to reward their employees’ hard work with Christmas parties and gifts.

A guide to payroll tax rates across Australia

Each state or territory in Australia administers its own payroll tax rates. These vary and can be affected by thresholds, exemptions, and entitlements which are subject to change.

Modern Manufacturing Initiative (MMI) | Round 2 (Translation)

Translation Stream - Round 2 The Modern Manufacturing Initiative (MMI) is a $1.3 billion initiative targeted at all businesses growing Australia’s Manufacturing capacity, building scale, and supply chain resilience.

Australian ‘backpacker tax’ discriminatory – but it’s not all good news for working holiday makers

On Wednesday 3 November 2021, the High Court upheld the appeal by British citizen Catherine Addy in the matter of Addy v Commissioner of Taxation [2021] HCA 34.

RSM extends corporate tax practice with appointment of experienced new Partner

RSM has announced the appointment of Carl Di Lorenzo as a new Partner in the firm’s tax services division based in Perth.

Employee Shares – Are your disposal restrictions genuine?

The Commissioner of Taxation has released a draft taxation determination TD 2021/D5 which contains the Australian Taxation Office’s (ATO) view of when shares contain genuine disposal restrictions.

RSM Australia appoints Sam Mohammad as national head of indirect tax practice

RSM Australia (RSM), one of the largest mid-tier accounting firms in Australia, has announced the appointment of Sam Mohammad as national head of its indirect tax practice.

Superannuation Guarantee Amnesty - A case of deja vu

On Wednesday 18 September 2019, the Assistant Treasurer, Mr. Michael Sukkar, introduced an unexpected but welcome Bill to the House of Representatives.

What foreign owners of residential property need to know about lodging their annual return

In late 2017, the Australian Federal Government introduced an annual vacancy fee to be levied on foreign owners of residential property, where the property is not occupied or generally available on the rental market for at least 6 months in a 12 month period.

How the PM’s defeat impacts corporate tax rates

Following the proposal for reduced tax rates for corporate entities in 2016, the Treasury Laws Amendment (Enterprise Tax Plan No 2) Bill 2017 (the Bill) was ultimately defeated in the Senate on 23 August 2018 by a vote of 36 to 30.

Foreign incorporated companies and changes to the tax ruling - What you need to know.

Most will remember the 2016 High Court ruling in the case of Bywater Investments Limited.

Reduced corporate tax rates - what rate of tax will my company pay?

While the legislation is transitioning, some have been left confused about the application of reduced corporate tax rates and the details of eligibility criteria during this state of limbo. To provide some clarity, we take a closer look.

Fringe Benefits Tax – ATO finalise their position on private use of vehicles.

New guidelines for private use exemptions of eligible motor vehicles for Fringe Benefits Tax (FBT) - ATO says yes to making a quick stop to grab a coffee (as long as it doesn’t add more than 2kms to your trip to work and is infrequent) but no to heading to cricket practice after work.

R&D Tax Incentive Reform - Call for submissions

R&D tax reforms, as announced in the 2018-19 Federal Budget, are steps closer to implementation with the Treasurer and Minister for Jobs and Innovation releasing draft legislation proposed to enact the changes.

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Employment taxes