As a busy business owner, you’ve got a lot to deal with. Payroll tax is just one more thing on your plate. At Liston Newton Advisory we help you understand what your payroll tax obligations are, the payroll tax rate that applies to you, and whether or not it even applies to your business in the first place.
You focus on running your business — we’ll take care of your payroll tax.
We have over 40 years of experience and we work diligently every day. You can rest assured you're in safe hands for tax compliance.
We provide a full range of financial services, including year-round accounting, tax planning, and tax compliance.
Effective financial services require an understanding of your business and goals. We're with you on the journey for the long-term.
Staying up to date is essential for tax compliance. We take the time to fully understand any changes in tax policy so you can get the full benefits.
As a business owner, it can be confusing getting your head around all the different tax obligations that affect you. Here at Liston Newton Advisory, our role isn’t just to help you remain payroll tax-compliant: we help you understand the process.
We work with you to ensure you know when employee payroll tax affects your business, how to calculate it, and how to register for it in the first place.
Our payroll tax experts ensure you’re doing the right thing, and that you remain compliant as your business grows.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Get expert payroll tax relief and support to ensure your business always meets its requirements.
Understanding your payroll tax obligations shouldn’t be a hassle. We’ll help you understand what you need to do, and when, so every tax time is a breeze.
Payroll tax can be lodged either monthly or annually. The due dates for the 2021 Financial Year are as follows.
Payroll tax is a general-purpose Australia-wide tax that is assessed on salary and wages paid by an employer to its employees. This covers both payments and benefits, and is assessed based on your accumulated sum each year. Your business only has to pay this tax if you exceed your state’s tax-free threshold.
Payroll tax includes:
If your Australian wages have exceeded your state’s tax-free threshold amount, then you’ll need to register for payroll tax in each state where you have employees. You can find the threshold and payroll tax rate for each state or territory here:
The payroll tax-free threshold varies from state to state. Here are the thresholds for each state, current until 30 June 2021.
Selling a business is a big decision. It’s the end result of years of hard work, so you want to make sure you do it right.
What to do with the profits after selling your business, and the best tax structure after your business sale. Read more here.