Single Touch Payroll - Final Reminder! - 28th June 2019

As you would be aware by now, Single Touch Payroll (STP) is only a few days away from being operational for employers who employ 19 or fewer employees.
 
Whilst there are still some last minute exemptions for employers who employ fewer than four employees, we are recommending to all our clients to be STP ready as soon as possible.
 
We advise against leaving the implementation of STP until the last minute. You need to ensure you have STP compliant software and that it is ready to be used which includes one final phone call to the Australian Taxation Office (ATO) to be approved.
 
As you can imagine, the demand for our services after 01 July 2019 will be high and we may not be able to schedule assistance for the implementation of your STP immediately.

Also, the demand for services at the ATO will similarly be high after 01 July 2019 and you may be stuck on hold for long periods of time waiting for the final STP approval.
 
STP has been in the making for the past few years and it is finally here. The ATO have indicated they will not enforce compliance straight away but they have indicated there will be no exemptions from it once fully implemented.
 
If you have any questions, please contact our office or visit the Australian Taxation Office website.