Single Touch Payroll – Are you ready for 1 July reporting to the ATO?May 8, 2018
The Australian Taxation Office (ATO) will require mandatory real time reporting of payroll information through your payroll solution at the time you pay your employees using the Single Touch Payroll system.
Last July we alerted you of the upcoming changes and made you aware of:
- What employers need to know
- What you need to do to get ready
To read the full article click here
The ATO has developed a range of resources to assist with preparing for STP and communicating with your customers, including the following:
What to do if you will not be ready
Employers have until 31 May 2018 to apply for a deferral if they will not be Single Touch Payroll compliant by 1 July 2018.
Employers can apply for a deferral using the online Single Touch Payroll deferral request which includes instructions on how to lodge the form.
You or your registered agent can submit the form using the Business Portal, Tax Agent Portal or BAS Agent Portal.
If you would like to know more about the changes taking place and how this could affect your business, please contact a Livingstones consultant on + 617 3833 1200 or email firstname.lastname@example.org
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