Payroll tax is a state-based tax levied on employers when their total wages exceed a certain threshold, while PAYG withholding refers to the tax withheld from employees’ wages and remitted to the ATO. Both taxes are essential components of payroll compliance for Australian businesses.

Fringe benefits are non-cash perks provided to employees, such as car and health insurance. They may be subject to Fringe Benefits Tax (FBT), which is paid by the employer, not the employee, and reported annually to the ATO.

We offer comprehensive payroll services, including salary processing, PAYG withholding, superannuation guarantee, and compliance with payroll tax and FBT requirements. Our team ensures that payroll processes run smoothly and meet both ATO and state-based obligations.

Failure to meet payroll tax obligations can result in penalties, interest charges, and reputational damage. At Budgetwise, we help ensure timely lodgements to avoid fines and keep your business in good standing with tax authorities.

Yes, outsourcing payroll helps small businesses save time, reduce errors, and stay compliant with changing tax laws. With Budgetwise managing your payroll, you can focus more on core business activities.

FBT is reported annually, with the FBT year running from April 1 to March 31. However, employers may need to make quarterly payments based on their liability.