If your business has employees or contractors then you’ll need to know how to meet your tax and superannuation obligations.
Determine the status of your workers as you have different obligations to employees and contract workers.
If your business provides fringe benefits to employees then you need to pay Fringe Benefits Tax to the Tax Office.
You’re required to register and then withhold tax from payments you make to your employees and pay it to the Tax Office - this is called Pay As You Go (PAYG) withholding.
If your total Australian wages exceed the exemption threshold that applies in your state or territory then you must pay Pay-roll tax.
You must also make superannuation payments for your eligible employees.
Source: business.gov.au
The Australian Government, through Medicare Australia, offers a free superannuation clearing house service to small businesses with less than 20 employees. The service is optional and is designed to reduce red tape and compliance costs associated with meeting superannuation guarantee obligations.