Single Touch Payroll
Proposed expansion of STP to smaller employers Single Touch Payroll (‘STP’) commenced on 1 July 2018 for approximately 73,000 employers who have 20 or more employees. There is currently legislation before Parliament to expand STP to all employers from 1 July 2019 and it is estimated that there will be more than 700,000 employers who […]
Single Touch Payroll Update
Single Touch Payroll (STP) officially commenced for larger employers on 1 July 2018 The ATO has provided some further guidance for affected entities. The ATO is writing to employers who started reporting through STP before 1 July 2018, providing them with information about how their employees’ payment summary for 2017/18 may change with STP, including […]
Single Touch Payroll
Get ready for Single Touch Payroll Single Touch Payroll mandatory for ‘substantial employers’ (with 20+ employees) from 1 July 2018. All employers are required to count the number of employees on their payroll on 1 April 2018 to find out if they are a substantial employer (note that this can be done after 1 April, […]
Single Touch Payroll coming – be ready with Xero
1 July deadline to adopt STP fast approaching But if your business is on Xero, there’s some good news You may have extra time. Thanks to the ATO, Xero subscribers will have a deferral of as much as six months to ensure a smooth rollout of Single Touch Payroll (STP). Xero will be ready for […]
Single Touch Payroll
It’s time to get ready for Single Touch Payroll From 1 July 2018, if you have 20 or more employees, you’ll need to use Single Touch Payroll-enabled software to report your tax and super information to the ATO. You’ll need to report the following on or before your payroll pay day: employee payments such as […]
Single Touch Payroll starts 1 July 2018
The ATO is changing the way employers report their tax and super. You may need to use Single Touch Payroll from 1 July 2018. You’ll now be able to report this information to the ATO directly from your payroll solution. If you have 20 or more employees, you need to start using Single Touch Payroll-enabled software to […]