Update To PAYG Tax Rates

October 20, 2020

Effective from Tuesday the 13th of October the Withholding Tax values have changed.  The Federal Government announced that they brought forward the changes to the PAYG tax tables, which were scheduled to occur as of 1 July 2021, as a further response measure to assist Australians with the financial implications of the COVID-19 virus.  Many income earners will receive more take home net pay from October onwards.  The tax changes will have retrospective effect back dated to 1 July 2020, so some income earners may also receive a tax refund when they complete their 2020/2021 tax return after 30th June 2021.    

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"Integrated Payroll has been the outsourced payroll service, covering Australian States and NZ, to our company for five years.

They can be summed up as follows;

* Knowledgeable in all facets of Payroll including separation certificates, payroll tax, workcover and superannuation,

* Timely in the delivery of all services,

* Professional in their output, understanding and conversations, and

* Friendly in all dealings.

It has been a pleasure to deal with Integrated Payroll."

Torque Control Specialists Pty Ltd (Norbar Torque Tools) - Greg HAYES Financial Accountant

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