Single Touch Payroll

STP for small business

Small businesses 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. There is a range of resources available to help:

  • Introductory guide for small employers – to help small employers understand the basics of STP, what their options are, as well as a decision tree.
  • Concessional reporting options – eligibility for these concessions depends on your circumstance. 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 one to four employees) at ato.gov.au/stpsolutions; this list includes mobile apps, simple reporting solutions and portals.

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

At Salisbury Accountants, we can support you on tax compliance and minimisation, accounting services, cash flow management, financial monitoring, forecasting, reporting and payroll. Use our services as much or as little as you need – it’s up to you. Call our team in Albury NSW on 02 6041 3014 or read more under ‘Track’ here.

Source ATO