The Long Service Payments contract register workers for long service with a payment within the building and construction industry. The PAYG withholding is deducted at a marginal rate in accordance to the ATO rules. A payment summary will be available for the gross amount and tax withheld.
To register for the Long Service Leave Scheme
- Registered Name
- Detailed information of your employees
- The registration number of the employee if applicable
To make sure all the information and documentations are ready, it is advised that professional consultation is necessary before proceeding to the registering process. Tax Ideas Accountants & Advisers can assist you with crucial elements that you need to keep in mind when making the application and help you in determining the employment nature of the employee.
If you are interested in finding out more about The Long Service Payments, please do not hesitate to contact us on (02) 8318 1545