COVID-19 vaccination incentives and rewards
FBT consequences of providing non-cash benefits The ATO has reminded employers to consider their tax and super obligations when employees are provided with incentives or rewards for getting their COVID-19 vaccination. When employees are provided a cash payment, including paid leave for employees to get their COVID-19 vaccination (or additional paid leave to recover from […]
ATO support for employers with expansion of STP
STP Phase 2 As part of the expansion of Single Touch Payroll (known as STP Phase 2), from 1 January 2022, employers will need to report additional payroll information in their STP reports including: disaggregation of gross amounts (including separate reporting of paid leave, allowances, overtime, directors’ fees and salary sacrifice amounts); employment and taxation […]
Single Touch Payroll (STP) Phase 2 reporting
Learn what STP Phase 2 means for you Single Touch Payroll (STP) Phase 2 reporting starts 1 January 2022. If you employ staff, you’ll need to be ready for this change. New guidelines that explain the changes are now available to help. STP Phase 2 reporting means changes to the way you report amounts paid to […]
STP reporting changes from July
Changes to STP reporting from 1 July 2021 Employers should have already been reporting through Single Touch Payroll (‘STP’) unless they only have closely held payees, or they are covered by a deferral or exemption. From 1 July 2021, there have been changes to STP reporting for small employers with closely held payees and quarterly […]
JobMaker Hiring Credit – eligible additional employees
JobMaker employee eligibility criteria How to report eligible additional employees through Single Touch Payroll-enabled payroll software Employees are eligible if they: have received income support payments, including the JobSeeker Payment, Youth Allowance (other than on the basis that the individual was undertaking full-time study or was a new apprentice) or Parenting Payment for at least […]
STP data-sharing with Services Australia
Single Touch Payroll (STP) allows the ATO to share data in real-time with other government agencies The purpose is to “help them deliver government services to the Australian community”. As part of the ATO’s data-matching program, it has a STP data-sharing arrangement with Services Australia to help them administer Australia’s welfare system. This means that […]
Guidance on JobKeeper reporting via STP
The ATO has issued guidance to help employers reporting eligible employees and JobKeeper top-up payments through Single Touch Payroll (STP). For each eligible employee, employers must notify the ATO: when an eligible employee started being paid JobKeeper payments; top-up payments to employees earning less than $1500 per fortnight; and when an employee is no longer […]
ATO reminder for employers – Finalise STP data for 2020
Single Touch Payroll 2020 data The ATO has issued a reminder to employers who report through Single Touch Payroll (STP) – which should be all employers, unless an exemption or deferral applies – that they will need to finalise payroll information for the 2020 income year by making a declaration. The due date for making […]
Single Touch Payroll developments
Further STP developments In an indication of the far-reaching changes that Single Touch Payroll (STP) will be bringing, Treasury has recently finished consulting on draft legislation that expands the data that may be collected through STP by the ATO (as announced in the 2019/20 Budget). The legislation, if enacted, will broaden the amounts that employers […]
COVID-19 Government’s JobKeeper Payment
A major part of the Government’s response to the COVID-19 pandemic is the JobKeeper payment scheme The JobKeeper Payment is a wage subsidy that will be paid through the tax system and administered by the ATO to eligible businesses impacted by COVID-19. Under the scheme, eligible businesses receive a payment of $1,500 per fortnight per […]
