Business IT

Payroll tax rebate reportedly coming to Western Australia

By William Maher on May 17, 2012 12:13PM
Payroll tax rebate reportedly coming to Western Australia

Editor's Picks

Building a modern workplace for a remote workforce

Right to repair: Large scale IT buyers can influence product design... and they should

Five minimum features needed in your choice of a business laptop

Venom BlackBook Zero 15 Phantom

A small dose of good news for small business in WA today, with a payroll tax rebate reportedly to be announced by the Barnett government this afternoon.

According to this story today by the ABC, the WA government will announce a payroll tax rebate of “up to $41,250” when the state budget is announced at 2pm.

The rebate will reportedly apply to businesses with up to $1.5 million in payrolls for the 2012-13 financial year. We recommend you read the ABC's story in full here.

In WA, your business must have annual wages of more than $750,000 or more than $62,500 a month before payroll tax apples. The tax rate is 5.5%. It includes payments to contractors. There are some exemptions, for example school sand charities.

The rebate will provide some relief, amid complaints that small businesses are finding it hard to borrow from major banks – something Federal Minister for Small Business Brendan O’Connor said yesterday that he was hearing.

Newsletter Signup

Get the latest business tech news, reviews and guides delivered to your inbox.

I have read and accept the privacy policy and terms and conditions and by submitting my email address I agree to receive the Business IT newsletter and receive special offers on behalf of Business IT, nextmedia and its valued partners. We will not share your details with third parties.
Copyright © BIT (Business IT). All rights reserved.
Tags:
payroll rebate tax threshold wa western australia
By William Maher
May 17 2012
12:13PM
0 Comments

Related Articles

  • How to make your next EOFY the most stress-free yet
  • Three keys to a productive tax time
  • Preparing for the busiest time of the financial year
  • IoT Explained: What is the Internet of Things in Australia (June 2022)
Share on Twitter Share on Facebook Share on LinkedIn Share on Whatsapp Email A Friend

Most Read Articles

Five minimum features needed in your choice of a business laptop

Five minimum features needed in your choice of a business laptop

Right to repair: Large scale IT buyers can influence product design... and they should

Right to repair: Large scale IT buyers can influence product design... and they should

IoT Explained: What is the Internet of Things in Australia (June 2022)

IoT Explained: What is the Internet of Things in Australia (June 2022)

Building a modern workplace for a remote workforce

Building a modern workplace for a remote workforce

Poll

What would you like to see more of on BiT?
News
Reviews
Features
How To's
Lollies
Photo Galleries
Videos
Opinion
View poll archive
All rights reserved. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorisation.
Your use of this website constitutes acceptance of nextmedia's Privacy Policy and Terms & Conditions.