Single Touch Payroll - Are you Ready?
YOU HAVE BEEN INVITED TO OUR STP SEMINAR
Starting from 1 July 2019 Single Touch Payroll (STP) will be mandatory for all employers in Australia with 19 or fewer staff members.
If you're unsure where to start or would like to know more about the low cost application to support STP functions, come and join us at our in-house seminar.
See you there!
When: Thursday, 2 May 2019 at 10:30am
Location: 17 Station Road, Level 1, Indooroopilly, QLD, 4068
By: Thursday, 25th of April 2019
STP: Are You Ready?
Its going to be a huge rush for a lot of small businesses coming up to July which could cause some chaos. Now is the time to adopt the changes to allow yourself a few months to get into the rhythm of filing and nut out any problems that may arise.
In a nutshell STP requires employers to report payment such as salaries and wages, PAYG withholding and super information directly to the ATO from their payroll system. This must be reported after every payrun has been finalised but no later than the employees payment date.
STP is not a trivial matter for employers!
If you would like to set up the STP application via your nominated software, we have provided some links below to common systems that we know our clients use with detailed instructions. You must register your software with the ATO firstly before proceeding with the set up - instructions on how to do this below.
If you have any STP questions or are having trouble enabling the function in your computerised software, give us a call or shoot through an email and we can walk you through your options to make this transition as painless as possible.
1ST STEP- Log in to the ATO Portal
2ND STEP- On the left side, click on "My hosted SBR Software service"
3RD STEP- Click "Notify the ATO of your hosted service"
4TH STEP- Search Xero's (OR what software you are using) ABN: 41 010 646 189
5TH STEP- Add Xero's software ID (OR what software you are using) as displayed on your Xero Single Touch Payroll Set up. For Xero You will find this in Step 2: Provide proof of ownership
The link between the ATO and your software provider is now established.
If you would like to set up STP in your Xero, click the Xero Single Touch Payroll icon below! We have also provided links to instructions for the various software providers as displayed below.
Xero Single Touch Payroll
MYOB AccountingRight v18 upwards
No cost and low cost solution for Single Touch Payroll
Please contact our office to get this set up ASAP prior 30 June to make sure you comply!
* * * *
This Newsletter, of necessity, has dealt with matters of a technical nature in general terms only. Clients should contact us for detailed information on any of the items in the Newsletter. No responsibility for loss occasioned to any person acting or refraining from acting in reliance upon any material in this Newsletter can be accepted by any member or employee of the firm.