Tax cuts – withholding amounts changed

The Australian Government has increased the 32.5% tax threshold from $37,001 - $80,000 to $37,001 - $87,000. What does this mean for employers? The tax tables have changed for employees who earn over $80,000. You need to download the updated tax tables from ato.gov.au/taxtables or contact your payroll software provider for the relevant update. Do [...]