If you employ staff in Australia, you're required to withhold tax from their wages and remit it to the ATO on their behalf. It sounds simple, but PAYG withholding involves more moving parts than most business owners expect, and the ATO takes non-compliance seriously.
At OzLedger, we manage your PAYG withholding obligations accurately and on schedule, so your employees' tax is handled correctly and your business stays on the right side of the ATO.
The ATO takes non-compliance seriously.
What This Service Covers
Our PAYG withholding management service covers every moving part:
- Correct withholding amounts for all employee types
- Processing of tax file number declarations
- Withholding variation requests
- Preparation and lodgement of Instalment Activity Statements
- Annual payment summary and STP finalisation
- Handling of ATO correspondence on your withholding
Why You Need to Get This Right
Mistakes affect your employees
Withholding the wrong amount means your employees either end up with a larger than expected tax bill or a smaller refund at year end. Neither makes for a happy team.
Penalties apply quickly
The ATO applies penalties for late or incorrect PAYG withholding lodgements. With the right support in place, these are entirely avoidable.
It ties into everything else
PAYG withholding connects directly to your BAS, your STP reporting, and your end-of-year payroll obligations. Getting it right in one place makes everything else easier.
How It Works
- We review your current payroll setup.
- We calculate the correct withholding for each pay period.
- We manage your lodgement obligations.
- We keep everything reconciled and documented all year.
Let's Cover Your Payroll Obligations
Accurate withholding, handled on schedule. Book a free consultation or call the team today.