Taxation superannuation obligations
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Determine the status of workers
The status of your workers for tax purposes is important, as employees and contract workers involve different obligations.
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Fringe Benefits Tax (FBT)
FBT is a tax payable by employers for benefits paid to an employee or the employee's associate in place of salary or wages.
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Pay As You Go (PAYG) withholding
Pay As You Go (PAYG) withholding is a legal requirement to withhold amounts for income tax purposes.
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Pay-roll tax
Pay-roll tax is a state tax on the wages paid by employers. It is calculated on the amount of wages you pay per month.
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Superannuation
Running a business or employing people is likely to involve superannuation obligations. Most of your employees, whether full-time, part-time or casual, will be covered by the superannuation guarantee legislation.
