Fashion Day in your family business

Do several members of your family have the same taste in work clothes because you work together in a family business?

From 1st July 2021 the exemption for businesses to regularly report wages for closely held employees (owners/directors/shareholders & their family members) is being removed.
Single Touch Payroll (STP) reporting for closely held employees must be at least quarterly, declaring a wage as at 30th June each year will no longer be acceptable.
Super and tax withheld will also be reported and paid at least quarterly.

As with all things ATO there is a lot of fine print and you can find all the details and examples here.

As for who wears the work uniform best……

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