Withholding tax helps your employees meet their end-of-year tax liabilities. Therefore, as an employer, making sure you are withholding the right amount of tax is an important task!
3 ways to make sure you are withholding the right amounts are:
> check out the ATO website to download or view the most current tax tables
> using a tax withheld calculator
> if you use payroll software, checking to ensure your provider has up-to-date tax tables (we know Xero is always up-to-date)
With Total Accounts by your side, as your Xero bookkeeping specialist, you wouldn’t need to worry about this. We take care of all the critical compliance for you. Contact us today to see how we can help your business.