Food consultant company: Payroll tax to be reduced soon?

State governments are starting to reduce their payroll tax one by one and the WA Chamber of Commerce and Industry is urging the McGowan Government to do the same, saying local businesses need the reduction so they can employ extra staff. Restaurant and hotel operators are also calling for change in payroll tax and would need a food consultant company to do the math’s.

Pixabay

State governments on the east coast are working on reducing their payroll tax.

In Western Australia, companies with total taxable wages that exceed $850,000 a year are required to pay payroll tax. This annual threshold is one of the lowest in the country. New South Wales had the same threshold but increased it to $900,000 on July 1. It plans to lift the threshold to $1 million by 2021. This year alone, NSW businesses are expected to save $187 million in tax.

Meanwhile, the South Australian Government had increased its $600,000 annual threshold to $1.5 million on January 1. The Queensland Government also plans to increase its $1.3 million threshold to $1.5 million whereas the Victorian Government plans to increase its payroll tax threshold from $600,000 to $700,000 by 2022. ACT, the Northern Territory and Tasmania have higher thresholds of $2 million, $1.5 million and $1.25 million, respectively.

The WA Government increased its payroll tax from 5.5 per cent to 6 per cent for businesses with annual payrolls between $100 million and $1.5 billion, and to 6.5 per cent for businesses exceeding $1.5 billion. It is urged to reduce the payroll tax soon because of the 90,000 unemployed West Australians. It needs to support businesses to achieve its 150,000 jobs target.

The Australian Hotels Association WA has joined the call for the Government to reduce their payroll tax burden and determine all the hurdles of job creation. The low payroll threshold is said to act as a disincentive for small businesses to hire more workers and expand operations. With the help of a food consultant company, hospitality businesses could use the tax savings to work on their labour and investment budget.

Hospitality business owners think that if the payroll tax is reduced, it would help small businesses and their staff. Operators would then be in a position to give more hours to staff.

Food consultant company

As you look for different ways to grow and improve your business, seeking professional advice could prove to be an important and helpful decision.

You can click here to speak to a food consultant company and its team of business experts.

You can click here to speak to a businessaccounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.

We would love to help you formulate investment strategies and streamline your processes to take your business to the next level. Our goal is to help you grow your business, find ways to invest more and increase your productivity.

Email Address: info@skyacc.com.au

Business Accountants Ballarat | Ballarat Accountants | Ballarat Accounting Firms | Ballarat Bookkeeping Firms | Ballarat Bookkeepers | Restaurant Accountants in Ballarat | Accountants for Manufacturing Business in Ballarat | Farm Accountants in Ballarat | Accountants for Medical Professionals in Ballarat | Accountants for Tradies in Ballarat | Company Accountants in Ballarat | Company Bookkeepers in Ballarat | Casino Accountants in Ballarat | Spa Accountants in Ballarat | Cafe Accountants in Ballarat | Hotel Accountants in Ballarat | Accountants for Builders in Ballarat | Ballarat SMSF Accountants | Xero Accountants Ballarat | Ballarat Mortgage Broker | Ballarat Financial Advisers

Phone: 1300 328 855
Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia
Postal Address: PO Box 2234, Bakery Hill, Victoria 3354

Business Accountants Melbourne | Melbourne Accountants | Melbourne Accounting Firms | Melbourne Bookkeepers | Melbourne Bookkeeping Firms | Restaurant Accountants in Melbourne | Accountants for Manufacturing Business in Melbourne | Farm Accountants in Melbourne | Accountants for Medical Professionals in Melbourne | Accountants for Tradies in Melbourne | Company Accountants in Melbourne | Company Bookkeepers in Melbourne | Casino Accountants in Melbourne | Spa Accountants in Melbourne | Cafe Accountants in Melbourne | Hotel Accountants in Melbourne | Accountants for Builders in Melbourne| Melbourne SMSF Accountants | Xero Accountants Melbourne | Melbourne Mortgage Brokers | Melbourne Financial Advisers

 

Business Accountants Sunbury | Sunbury Accountants | Sunbury Accounting Firms | Sunbury Bookkeeping Firms | Sunbury Bookkeepers | Restaurant Accountants in Sunbury | Accountants for Manufacturing Business in Sunbury | Farm Accountants in Sunbury | Accountants for Medical Professionals in Sunbury | Accountants for Tradies in Sunbury | Company Accountants in Sunbury | Company Bookkeepers in Sunbury | Casino Accountants in Sunbury | Spa Accountants in Sunbury | Cafe Accountants in Sunbury | Hotel Accountants in Sunbury | Accountants for Builders in Sunbury | Sunbury SMSF Accountants | Xero Accountants Sunbury | Sunbury Mortgage Brokers | Sunbury Financial Advisers

 

Business Accountants Gisborne | Gisborne Accountants | Gisborne Accounting Firms | Gisborne Bookkeeping Firms | Gisborne Bookkeepers | Restaurant Accountants in Gisborne | Accountants for Manufacturing Business in Gisborne | Farm Accountants in Gisborne | Accountants for Medical Professionals in Gisborne | Accountants for Tradies in Gisborne | Company Accountants in Gisborne | Company Bookkeepers in Gisborne | Casino Accountants in Gisborne | Spa Accountants in Gisborne | Cafe Accountants in Gisborne | Hotel Accountants in Gisborne | Accountants for Builders in Gisborne | Gisborne SMSF Accountants | Xero Accountants Gisborne | Gisborne Mortgage Brokers | Gisborne Financial Advisers

Phone: 03 97444522
Sunbury Office Address: Suite 13, 33-35 Macedon Street, Sunbury, Victoria 3429, Australia
Gisborne Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia

Postal Address: PO Box 270 Gisborne Victoria 3437

Disclaimer

Like this? Share it...

Related Reading

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.