Currently we operate business through a Discretionary Trust taking distributions each FY
We were advised that we need to become employees and start on a payroll
As it is half way through the FY now are we able to set up the payroll now or have to wait until start of new FY
Also if we do set up payroll and have PAYG tax withheld how do we go about adjusting our existing individial PAYG instalments we are paying now each quarter to ATO as the payroll will be doing PAYG withholding
Thanks for your assistance