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Contractors

Hired a “contractor” who is really an employee? There are consequences.

Written on Wednesday, 21 October 2015 by Steve Burnham. From the website Taxpayers Australia. If your business is looking to put on more staff, first of all: congratulations. But secondly, a warning. The engagement status of workers is an important distinction – whether they are employees or independent contractors – and has consequences that can get…

Are my staff employees or contractors?

You may have heard that if your employees get ABNs and call themselves contractors, then you do not have to pay their Superannuation Guarantee, Work Cover and Payroll Tax. If you think this sounds too good to be true, then you are spot on! What is the Government’s view? To truly be a contractor, you…

Construction Industry Contractor Payment Report

As part of the 2011-12 Federal Budget, the government announced the introduction of taxable payments reporting for businesses in the building and construction industry. The ATO claim their aim is to improve compliance with tax obligations by those contractors who are currently not doing the right thing. They advise that information reported about payments made…