Thursday, 11 May 2017 10:43

Payroll firm says tech contractors will be paid soon

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A payroll company that caters to IT contractors says it has sorted out issues with the Australian Taxation Office and will be able to pay those whom it owes within the next 72 hours.

"Plutus Payroll is very pleased to advise that the ATO has agreed to allow the release of the wages owed to our contractors," the company said in a note posted on its website.

"The ATO has written to the Commonwealth Bank today to ask that the funds be released.

"Given the unusual circumstances, it may be a day or two before the Commonwealth Bank processes these payments, but it is expected that you should see the money in your account within the next 72 hours."

Last week, the problems associated with Plutus came to light, with reports that it was unable to IT contractors who use its services.

At that time, Plutus blamed the ATO for its funds being frozen and said it was taking the tax office to court.

Three days later, Plutus said it was in the process of sorting out issues and that the ATO was "working with us in good faith towards a resolution whereby all our contractors can be paid".

In today's note, Plutus said: "Our next priority is to ensure super contributions that have been collected on your behalf are paid to you within statutory deadlines.

"March 2017 contributions were due by 15 April 2017 and these were paid in accordance with the statutory timeframes."

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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