google-site-verification: google44853d1b7c69220a.html
 
  • Anon

Single Touch Payroll to change the way your Tax and Super are reported




Single Touch Payroll (STP) is a new way for employers to report tax and super information to the ATO. It starts from 1 July 2019 for employers with 19 or less employees.

You'll report the following information through an STP ready solution - such as payroll software:

payments to employees such as salaries and wages pay as you go (PAYG) withholding super information.

The way you pay your employees won't change, however you will be sending this information to the Australian Taxation Office each time you pay them.

Start reporting any time from 1 July to 30 September 2019. If you can’t start reporting by this time, you'll need to apply for a later start date. An online tool to help you do this is available on the Australian Taxation Office website now..

How to get started

If you already use payroll software - check to see if it offers STP reporting by talking to your software provider or viewing their website. If you don't use payroll software - you can choose an STP ready solution or talk to your tax professional for advice on the best solution for your business. If you use a registered tax or BAS agent - you can ask them to report through an STP ready payroll solution on your behalf. If you have 1-4 employees - you can choose a low-cost STP solution. Find out more at ato.gov.au/STPsolutions

5 views

0487 391 111

©2019 by Midcoast Bookkeeping and Payroll. Proudly created with Imaginality.com