CLOSELY HELD EMPLOYEES

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Laurelle Searle
Laurelle Searle Member Posts: 12 ✭
in Accounts Hosted

Our business is setup as a sole trader. We have always employed family members and paid them just like a normal employees and declared their tax like everyone never held there wages from end of year final wage total. Does the new changes to Closely Held Employees mean I have to treat them differently now,

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  • Acctd4
    Acctd4 Accredited Partner Posts: 3,426 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Are they currently in Payroll & being reported via STP? If so, you’re already doing it ☺️

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

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