The changes to the payroll tax will help businesses grow and create more jobs.
The changes to the payroll tax will help businesses grow and create more jobs. Cade Mooney

Payroll tax changes small businesses

AROUND 13,000 Queensland businesses will benefit from changes to payroll tax which came into effect yesterday.

Employment and Small Business minister Shannon Fentiman said these changes were a result of changes made in this year's state budget.

"Payroll tax is the number one issue raised with me when I meet with small business owners,” she said.

The changes will help businesses grow and create more jobs.

"I'm pleased that under this year's State Budget $885 million has been committed to target payroll tax initiatives to support businesses to drive our economy and create more jobs,” Ms Fentiman said.

"This includes increasing the exemption threshold for payroll tax for all Queensland businesses from $1.1 million to $1.3 million, this will mean 1500 additional businesses will no longer pay any payroll tax.”

The 50 per cent payroll tax rebate for businesses taking on apprentices or trainees has also been extended from July 1.

The changes will help businesses grow and create more jobs.

This makes Queensland one of the most competitive states to start and grow a small business.

The government has also committed $4 million to continue successful small business grants and to develop online tools to make employing trainees and apprentices easier.

South Burnett

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