Have you and your clients investigated all options?
Employees and associated costs are often the largest financial
burden faced by SMEs. In an effort to free up funds and assist
businesses to survive this turbulent time, several payroll tax
measures have been introduced by the state governments as part of
their economic relief packages.
Payroll tax expert and founder of Payroll Tax Solutions,
Andrew Fricot has assisted us in putting together a
summary of the key reforms that have implemented since the
commencement of the COVID-19 operating environment. Some states
have chosen to provide tax refunds and waivers while others are
providing discounts or deferrals on future liabilities. While this
summary was accurate at the time of publication, Andrew stated that
some of the relief measures have been changing from week to week
and it is necessary to visit your relevant government website for
up to date information. Links are provided in headers below.
