Employers Impacted with Payroll Tax Increase

A significant impact to employers with a nation-wide payroll over $100 million was announced yesterday as part of the WA State Budget. The WA State Government has turned to big businesses in an attempt to repair the state’s finances, imposing a tax levy on large scale employers for five years starting 1 July 2018:

• Employers with a nation-wide payroll tax between $100 million and $1.5 billion will be taxed at a marginal rate of 6%, and
• Employers with a nation-wide payroll tax exceeding $1.5 billion will be taxed at a marginal rate of 6.5%.

The Apprenticeship Community has long believed in the positive effects of our programs for employers and individuals.

Apprenticeships and traineeships are a great vehicle for employers to train and develop new and existing staff.

There are also various government financial incentives to assist employers with employing an apprentice or trainee.

If you would like to discuss how your business could benefit from our apprenticeship initiatives before this increased payroll tax impacts you, please don’t hesitate to call us on 08 6165 3362.