If your business has been eligible for the SA Payroll tax waiver over the last 12 months it’s important to note that the month of May is the last month where the payroll tax exemption is available.

Monthly payroll tax payments will resume in July 2021 which means that payroll amounts paid in June WILL be subject to payroll tax (payroll tax payments are based on the previous month payroll).

You may want to consider bringing forward to this month paying discretionary payroll items such as bonuses and ‘top up’ superannuation payments to minimize your exposure to payroll tax.

If you have any questions in relation to the above, please contact your Holman Hodge adviser.