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.