State Duty and Taxes
There are many taxes which are imposed by the state or territory you live, invest or run a business. State tax penalties are harsher than those of income tax penalties so at Tax Knights we are always mindful of this fact and ensure our clients remains compliant.
State Duties and Taxes
State taxes vary between state and territory. Mainly following state taxes and duties levied by state and territory governments.
- Stamp duty is a tax on written documents (‘instruments’) and certain other transactions
- Payroll tax is a payable on wages paid by employers
- Land tax is a tax levied on landowners
In this digital age, various revenue authorities share data and can easily pick up on an unreported transaction. At Tax Knights we advise our clients in advance to their exposure to potential state tax issues so that they are upfront with any tax issues and their reputation is protected all the times.