Paying enough tax?

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Did you know that…

If you used the ATO’s Tax withheld calculator between 1 – 11 July 2018 to work out withholding amounts for yourself or your employees, you may have been affected by an error?
The error affected the calculation of the following:

  • Higher Education Loan Program (HELP)
  • Student Start-up Loan (SSL)
  • Trade Support Loan (TSL)
  • Student Financial Supplement Scheme (SFSS).

The error meant that the amount of withholding calculated was slightly higher than required. It should not have a significant impact on your employees’ tax withheld for the year.  If you would like more information on this contact Lyndall.

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