If you own a business that employs people then you need to know about payroll tax. This is a self-assessed State and Territory based tax imposed on businesses in Australia. The tax is payable when the total wages paid or owed to employees exceeds a threshold.
If you have staff in your business then you would be no stranger to the head ache that managing payroll can present. Time is money and as a business owner your time is precious and finite, and probably best spent on high value tasks that are aimed at growing your business.