From Our Blog

Contracting is used as a loophole for tax avoidance

Wrong. Contractors are required to meet tax and other statutory obligations just like every other taxpayer; they simply have more control and responsibility over their taxation affairs compared to other workers.

Be Contractor Ready.

  •   An employee has income tax deducted by their employer
  •   An independent contractor pays their own tax and GST to the Australian Taxation Office
  •   Independent contractors pay the same rate of income tax as other workers.
  •   Taxpayers who don’t meet their tax obligations may be liable to penalties or interest charges, or both.
  •   Some businesses falsely assume that certain taxes don’t apply when engaging contractors, it pays to check the legislation.

Disclaimer: This information does not constitute advice as we are unable to consider your individual circumstances.

Comments are closed.

Scroll Down