Single Touch Payroll (STP) has been extended to apply to employers with less than 20 employees from 1 July 2019.

The Legislation has been passed by the Federal Government. Employers will need to register with the ATO and make sure they are ready to report wages, PAYG withholding and super payments from 1 July 2019. Assistance by the ATO includes:
-The ATO will offer micro employers (1 to 4 employees) help to transition to STP and a number of alternative options – such as allowing those who rely on a registered tax or BAS agent to report quarterly for the first two years, rather than each time payroll is run.
-Small employers can start reporting any time from the 1 July start date to 30 September 2019. The ATO will grant deferrals to any small employer who requests additional time to start STP reporting.
-There will be no penalties for mistakes, missed or late reports for the first year.
-The ATO will provide exemptions from STP reporting for employers experiencing hardship, or in areas with intermittent or no internet connection.

Call Now ButtonClick to Call Now!