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 […]
JobKeeper payment subsidy open today
JobKeeper: Your business may be eligible for a maximum of $19,500 per eligible employee During the week commencing today (Monday 20 April 2020), one of our team will be in contact with all business clients to discuss your possible eligibility for the JobKeeper payment. We are already working with a number of clients to complete this […]
The JobKeeper Payment Legislation
JobKeeper Payment Bills passed but no detail yet JobKeeper Payment details still not available We would like to take this opportunity to update you on the JobKeeper Payment Scheme. Bills passed but no detail yet Yesterday, the Coronavirus Economic Response Package (Payments and Benefits) Bill 2020 was introduced and passed both Houses of Parliament. Unfortunately, […]
STP and superannuation guarantee
ATO actively using data to warn employers not paying required SG on time In a presentation at the Australian Institute of Superannuation Trustees Chairs Forum, the ATO’s Deputy Commissioner confirmed that as a result of STP, the ATO now has an “unprecedented level of visibility” of super information. In particular, the ATO’s examination of Super […]
STP transition ended for large employers
STP transition year for large employers has ended Single Touch Payroll (STP) reporting started for large employers (20 or more employees) from 1 July 2018. The 12 month transition period for large employers to start STP reporting ended on 30 June 2019. The ATO will contact large employers who have yet to start reporting through STP and […]
Payroll update
Single Touch Payroll Update Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll (‘STP’) from 1 July 2019. The ATO will be working with employers to support them as they transition to STP, including allowing small employers to start reporting any time from 1 July to 30 September (and […]
Single Touch Payroll deferrals
Transitional deferrals A transitional deferral should be used if you need more time to get ready to report through Single Touch Payroll (STP) including, being unable to report by your software provider’s deferred start date or needing more time to transition. Employers with 20 or more employees Your software provider may have applied to us for a […]
