PAYG Withholding

As an employer, you have a role to play in helping your payees meet their end-of-year tax liabilities.

You do this by collecting pay as you go (PAYG) withholding amounts from payments you make to your employees, contractors etc.

It is a legal requirement to withhold amounts (PAYG) for income tax purposes. This amount is then paid to the Australian Taxation Office and reported on the activity statements on monthly or quarterly basis. At the end of each financial year, an annual report of PAYG must be lodged.

At Peter Vickers, we help our clients report and lodge the PAYG on activity statements. We also help our clients reconcile annual PAYG, lodge the Annual PAYG reports as well as produce the employee PAYG payment summary statement at the end of each financial year.

Advice provided by Peter Vickers Insurance Brokers Pty Ltd trading as Peter Vickers Investment Services
Australian Credit Licence and Australian Financial Services Licence Number 229302