Line in the sand for small employers and STP

ATO’s Single Touch Payroll (STP) system of reporting tax and superannuation information at each payroll event is in place for employers with 20 plus staff – now it’s time for the smaller employers.

Small employers with 19 or less employees – must report each payroll event through STP from 30 September 2019.

A micro employer less than 4 employees might be able to report quarterly in some circumstances.

Penalties for non-compliance to STP for large and small employers are already on ATO’s radar.

Closely held businesses that employ:

  • family members of a family business;
  • directors or shareholders of a company;
  • beneficiaries of a trust

are exempt until 1 July 2020.

Closely held businesses can start STP reporting their payroll events by September 30 2019. A quarterly reporting alternative can be discussed with your registered agent.

Please contact your Hall Chadwick team about being STP compliant +61 3 9820 6400.

Read our Single Touch Payroll Guide previously published in 2018.