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The company tax rate will reduce to 26% for small and medium businesses from 1 July 2020.
The July change is part of a larger progressive plan to reduce the company tax rate to 25% from 1 July 2021.

Another End Of Financial Year is upon us! This means that once you have run your last pay run for the 2020 financial year, it is time to finalise payroll. Now that you are reporting under the Single Touch Payroll (STP) system, you need to complete the STP finalisation process in your software, rather than preparing year end payment summaries (group certificates).

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