You need to withhold payment amounts:

• From payments you make to other workers (eg contractors)
• From payments you make to other businesses if they don’t quote their ABN to you on an invoice or another document
• From payments you make to your company directors for their service to you
• If you run your business as a company
• If you have employees
• If you pay employees from another business

If you are an employer or run a business and withhold amounts from payments, you need to:

• Register for PAYG withholding
• Determine the status of your workers (if applicable)
• Familiarise yourself with the types of payments you need to withhold amounts from
• Determine the amounts to withhold
• Report and pay withheld amounts to the ATO
• Provide the ATO with payment summaries
• Lodge an annual report once each income year has ended

Talk to our team about your PAYG withholding responsibilities. We can help you set up your systems to efficiently manage your cash flow and compliance.