NSW businesses better off by $8k per year thanks to new payroll tax cut

Summary

Nearly 40,000 small businesses in NSW are now up to $8,175 better off per year following a second cut to payroll tax in 12 months. The payroll tax bracket was lifted from $850,000 to $900,000 on July 1, as the NSW Government progressively raises the threshold from $750,000 to $1 million by 2021-22. NSW Treasurer […]

Tags: NSW Government, NSW small business, NSW small businesses, Payroll Tax, payroll tax bracket, tax bracket