SINGLE TOUCH PAYROLL (STP)
SINGLE TOUCH PAYROLL (STP)
Time is running out for Single Touch Payroll. Please get in touch with us if you need help as soon as possible. We are helping a lot of our clients at the moment to prepare for this change.
The ATO have around 1600 employers coming on board each day. They advise employers to begin reporting as soon as they can to rectify early errors and to reach out to the ATO ahead of the busy tax-time period.
Employers must report their employees tax and super information to the ATO from 1 July 2019 each time you run your payroll and pay your employees, you will need to send your STP data to the ATO.
If you are going to pay anyone a salary including yourself you will need to:
- Registered for Single Touch Payroll and use an onine software program
Our preferred program is XERO which we use for our own practice. We recommend organising any changes as soon as possible to ensure you are ready by the 1st July 2019 and able to process your first Pay Run. If required we can help set it up for you and provide some payroll training at a cost of $75.00 per hour with our bookkeeper.
Please contact us on 5366 1000 and press 2 if you would like to know more