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Small business owners and workers disadvantaged by paying employees as contractors

August 2, 2016 By BMN

There are many businesses that use contractors to obtain a cost advantage over competitors that do the right thing by hiring employees and paying the required rates. Unfortunately some business owners innocently use contractors not aware of the consequences if the ATO or another of the regulatory authorities discovers what is going on. Read the following article for an example: http://www.smh.com.au/small-business/finance/small-business-owners-and-workers-disadvantaged-by-paying-employees-as-contractors-20160501-gojpp6

This article was suggested by our mentor Trevor Payne

Filed Under: Small Business News & Tips Tagged With: Staff, Tax

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