If your business has employees or contractors then you'll need to know how to meet your tax obligations.

• Determine the status of workers
  The status of your workers for tax purposes is important, as employees and contract workers involve different obligations.

• Fringe Benefits Tax
  Fringe Benefits Tax (FBT) is a tax payable by employers for benefits paid to an employee or the employee's associate.

• Pay As You Go (PAYG) withholding
  Pay As You Go (PAYG) withholding is a legal requirement to withhold amounts for income tax purposes.

• Pay-roll tax
  Pay-roll tax is a state tax on the wages paid by employers. It is calculated on the amount of wages you pay per month.

• Superannuation
  Running a business or employing people is likely to involve superannuation obligations. Most of your employees, whether full-time, part-time or casual, will be covered by the superannuation guarantee legislation.

Source: This information is brought to you by business.gov.au