Business Owners

Tax

Interaction of superannuation guarantee and additional payroll tax liability

Amanda Guruge, October 5 2021

The NSW State Revenue office has released a Commissioner’s Practice Note: CPN 021 on the application of payroll tax to employer superannuation contributions. The aim of the Commissioner’s Practice Note is to assist taxpayers in determining when superannuation payments are included in taxable wages calculations to determine payroll tax liability.

Tax

Serious hardship - Business owners are not always eligible

Bruce Collins, September 15 2021

The current ATO policy provides decision makers within the ATO the guidelines for determining whether serious hardship exists, and if so, where the taxpayer is liable. There are three ways a taxpayer can be ‘released’ from a debt described in the ATO guidelines: Serious hardship does not have a special meaning within the tax laws. Instead the ATO...