STP extended to small employers from 1 July 2019

Legislation to extend Single Touch Payroll (STP) to smaller employers, from 1 July 2019, has passed the Parliament.

Single Touch Payroll is a new system for employers to report payroll and superannuation information. Previously only larger employers (20 or more

MYOB ready with low-cost STP solution should legislation pass

MYOB says it has low-cost Single Touch Payroll (STP) solution ready, should legislation which would extend STP to smaller employers pass the Parliament.

Legislation which would require small employers (19 or fewer employees) to use STP almost passed the Parliament

ATO expects range of low-cost STP software available early 2019

The ATO expects there to be a range of low-cost Single Touch Payroll (STP) reporting software available for small businesses from early 2019.

Single Touch Payroll reporting is only required currently for larger employers (20 or more employees). The Government

Jail for employers not paying super guarantee may pass Parliament today

Legislation which could result in employers who don’t pay Superannuation Guarantee being sent to jail may pass Parliament today – the last sitting day for 2018.

Update: The House of Representatives has adjourned, seemingly without voting on the amendments –

3 year financial services ban for SMSF LRBA advice upheld by AAT

The Administrative Appeals Tribunal has upheld a decision by ASIC to ban a financial adviser from providing financial services for three years, relating to SMSF advice.

ASIC banned Jason Sean Atkins from providing financial services for three years in 2017

ATO streamlines Single Touch Payroll reporting for agents

The ATO has streamlined the requirements for registered agents lodging Single Touch Payroll forms on behalf of employers.

Previously registered agents – including tax agents – needed to get a declaration that the information in the Single Touch Payroll lodgment

Single Touch Payroll will be an “early warning” system for the ATO

Single Touch Payroll will be an early warning system for the ATO, allowing it to know far earlier than is currently possible that employer superannuation contributions haven’t been paid.

Senior ATO officials told the ASFA Policy Roadshow that Single Touch

Single Touch Payroll start dates should be pushed back: Tax Institute

Employers have not been given enough time to prepare for Single Touch Payroll, and the start dates should be pushed back at least one year, says the Tax Institute.

Single Touch Payroll is a new system for employers to report