payroll

Single Touch Payroll Ready? B2B and Xero Here to Help!

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Single Touch Payroll effects all employees from 1 July 2019, This is the biggest ATO compliance change since the introduction of GST in 2000.

We are Single Touch Payroll Ready, are you?

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STP is an ATO initiative that requires the employer to report salaries, wages, PAYG withholding and superannuation obligations ELECTRONICALLY to the ATO each time they pay employees.

Some good news is that Xero is offering Business Edition software for FREE for the first 6 months to assist you in becoming STP Compliant.

If this affects you please contact Back to Business Bookkeeping now so we can work with you to ensure your accounting system and practices will be compliant. 

For more information on STP go to the ATO here or click on the logo above.

If you, or a business you know of, require any additional assistance or have queries please contact Stephanie Clunies-Ross on 0414 661 151 or fill out our STP form.

Single Touch Payroll from 1 July 2018!

If this is news to you and your company has 20+ employees then call us on 0414 661 151 immediately!

The deadline to adopt Single Touch Payroll (STP) on 1 July 2018 is fast approaching, and mandatory for employers who had 20 or more employees on 1 April 2018.  STP is an ATO initiative that requires the employer to report salaries, wages, PAYG withholding and superannuation requirements to the ATO each time they pay employees.

This means instead of usual PAYG reporting obligations, employers will send the information direct to the ATO after each pay run.

If this affects you please contact Back to Business Bookkeeping now so we can work with you to ensure your accounting system and practices will be compliant. 

For those with less than 20 employees the move to Single Touch Payroll is voluntary at the moment and becomes compulsory on 1 July 2019.

For more information on STP go to the ATO here or click on the logo above.