Home
/
Posts
/
News
/
ATO cautions on deductions for worker payments

ATO cautions on deductions for worker payments

Employers are being reminded that a new law is set to come into force next financial year that will restrict their ability to claim deductions for payments made to their workers.

by mybusiness | Feb 15, 2019

Trustees reminded of 'positive' CGT news as EOFY looms

In an online update, the tax office said that from 1 July 2019, deductions covering payments made to employees and contractors will only be available to businesses that have met the pay-as-you-go (PAYG) withholding obligation covering the payments.