Business
Budget 2020 income tax cuts: It’s time to update your payroll, ATO says – SmartCompany.com.au
The ATO has updated its tax withholding schedules, to reflect the personal tax cuts announced in this year’s federal budget.
The Australian Taxation Office has updated its tax withholding schedules, to reflect the personal tax cuts announced in this years federal budget.
The tax cuts apply to the 2020-21 financial year and passed in parliament last week.
Now, employers must make adjustments in their payroll systems to ensure the changes are correctly reflected in employees pay packets.
Businesses have until November 16, 2020, to implement the changes into their payroll.
But, the changes will apply to all payments …
-
Noosa News20 hours agoWoman was watching keepers work when lion attacked, Darling Downs Zoo says
-
Noosa News19 hours agoWorking for someone else made it hard to care for my daughter. So I quit
-
General23 hours agoDeveloper warns wind energy capacity may not be ready by WA coal deadline
-
General23 hours agoDisloyal far-left breakaways are coming for Labor