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Monday, March 28, 2011

Notice for Business Tax students 28.3.2011

In your assessment (FBT) on Wednesday night and next Monday, you will also have a PAYG-Withholding question (topic 2).

Don’t forget to bring your tax tables. No tricks, just a straightforward withholding question.
Why? Fergie accidentally assessed a tiny technicality; if an employee does not claim the tax-free-threshold then there is no reduction applied for rebates/offsets they claim. Oops! Yes this is in the fine print at the front of the tables, but was not intended to be assessed.
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