Not Yet Reporting Payroll Through STP?

The ATO will be getting in touch with any business not using Single Touch Payroll (STP) to report payroll. They will send SMS and emails at first, followed up with letters for those that do not respond.

Small employers with only closely held payees have until 1st July 2021 to start STP reporting, but if you are ready you can start earlier. A closely held payee is someone who is directly related to the entity from which they receive payments including family members, directors, or beneficiaries of a trust.

If you are employing arm’s-length employees, you will need to start STP reporting for these now.

If you have any questions, or if we can help, please contact the office on 02 4402 8913

#singletouchpayroll #payroll #bookkeeping #eastcoastbbs #bookkeepingtips #ATO #smallbusinessowners

Single touch payroll update East Coast Bookkeeping and Business Solutions

5 views0 comments