What is a closely held employee?
With STP 2 quickly approaching, “”we get asked what is a closely held employee?
A closely held employee is someone who’s directly related to the business, company or trust that pays them, for example:
- family members of a family business
- directors or shareholders of a company
- beneficiaries of a trust.
If you are unsure what category you fall under have a chat with your bookkeeper or accountant.
Book a 15 min consultation with Sandra HERE if you would like to know more.