Make note of these important tax dates

As a business owner with employees, the Australian Taxation Office (ATO) has warned that it is important to stay on top of your payroll.

 This includes:

 * Accurately recording the amount you pay employees

* Withholding the correct amount of tax

* Calculating and paying superannuation guarantee accurately

 As the end of this financial year draws closer on 30 June, remember these important ATO dates:

 * From 1 July, the tax rate threshold and tax tables will change, which will affect your pay-as-you-go (PAYG) tax obligations for the 2024-25 tax year.

 * From 1 July, the super guarantee rate will increase to 11.5%.

 * By 14 July, you must have finalised single touch payroll declarations for all employees you’ve paid in the 2023-24 financial year.


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