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taxInsight - 2015/11 – July

2015/11 – July from taxInsight

Extra pay day in the 2015-16 financial year?

Where you are paid weekly on a Wednesday or Thursday, you will actually have 53 pay days during the financial year ending 30 June 2016 and similarly, if you are paid fortnightly and your pay day was either Wednesday 1 July 2015 or Thursday 2 July 2015, you will have 27 pay days for this financial year.  This might cause an expected tax refund to become an amount payable! The extra pay day happens for two reasons being that the 2016 year is a leap year (29 days in February) and also when you divide the number of days in […]

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