payroll

STP reporting for small employers started 1 July

Small business clients need to be ready for STP by 30 September

Reporting through Single Touch Payroll (STP) for small employers started on 1 July.

Your small business has until 30 September 2019 to take action and there is a range of resources available to help:

  • Introductory guide for small employers – to help small employers understand the basics of STP, what your options are, as well as a decision tree.
  • Concessional reporting options – eligibility for these concessions depends on your circumstances. More information can be found at ato.gov.au/concessionalreporting.
  • Product lists – there are two product lists of STP-ready solutions:
    • a product register which provides a list of commercially available STP solutions at api.gov.au/productregister
    • a low and no cost register for micro employers (those with 1-4 employees) at ato.gov.au/stpsolutions; this list includes mobile apps, simple reporting solutions and portals.

There may be circumstances where a business won’t be able to report before 30 September. We can help apply for extra time for you to get ready. More information about STP deferrals can be found at ato.gov.au/stpdeferrals.

Notch Above can take care of all the bookkeeping tasks you would rather not do, like bank reconciliations, supplier payments, payroll processing, invoicing and debtor management and BAS returns. We set up systems and checklists to ensure nothing is missed and things are processed when it suits you. We can be involved as little or as much as you like, we give you the flexibility to decide what’s best for your business. Call us today on 07 3355 6427.

Source ATO


Author Info

Notch Above

We love to put energy and passion back into life by taking away the bookwork drag. With the help of smart systemised bookkeeping systems life can become easier. Notch Above Bookkeeping was founded in 2006 after Jac Gallagher saw the need for small businesses to have access to accurately prepared and up to date financials, enabling owners to make informed financial decisions on their business in a timely manner. Notch Above is a Xero Platinum Partner based in Brisbane QLD servicing business owners and accounting businesses.

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