For or payroll tax grouping purposes, a business can include businesses paying wages, any activity carried on for profit (regardless of whether wages are paid), any form of trust and any entity that holds money or property in connection with another business. There are different ways in which a company or business can be grouped, including by way of conduct and affiliation and by express or implied agreement. Our formidable team of Sydney Tax Lawyers have exceptional experience acting for businesses and corporations and in dealing with the Australian Taxation Office (ATO) and other Government departments. With branch offices in Parramatta, Hurstville and North Sydney, among others, and a team of expert Sydney Tax Lawyers, we are able to assist you by:
- Ensuring that you understand your business or company when it comes to the the payroll tax grouping requirements
- Advising you on the tax obligations and tax benefits
- Advising you on the penalties that may be applicable by being grouped
- Assist and advise you on how to manage your tax affairs from a payroll grouping perspective
Once entities are grouped, there are payroll tax obligations on the members of the group that involve a choice of tax thresholds and requirements for lodgment of payroll tax. The payroll tax obligations may or may not affect all members of the group. A business may apply to the ATO to be excluded from the group. This must be done in writing.
For quality tax advice, speak to one of our experienced Sydney Payroll Tax Solicitors today by calling our main office line on (02) 9233 4048.
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