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PAYG withholding - Business non GST registered

Newbie

Views 214

Replies 2

Hello,

 

A client started her business since August 2020, and not registered for GST as predicted turnover is less than $75.000. The director also the owner of the company is paying herself director's fee. Should she withhold payg from the payment and report quarterly? Or she can include the payment in her tax return? 

 

If she needs to withhold payg from her payment, could you please provide us a link to register? And does she need to report previous payg which she has missed.

 

Many thanks.

 

 

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

ATO Certified Response

ATO Community Support

Replies 1

Hiya @Joey2,

 

Your client should definitely be registered. They will need to backdate their registration and lodge the activity statements that cover the periods they should have been withholding for. I will provide some links below with general information about PAYG withholding and how to register.

 

PAYG withholding.

Payments you need to withhold from.

Registering for PAYG withholding.

2 REPLIES 2

Most helpful response

ATO Certified Response

ATO Community Support

Replies 1

Hiya @Joey2,

 

Your client should definitely be registered. They will need to backdate their registration and lodge the activity statements that cover the periods they should have been withholding for. I will provide some links below with general information about PAYG withholding and how to register.

 

PAYG withholding.

Payments you need to withhold from.

Registering for PAYG withholding.

Newbie

Replies 0

Many thanks!!!