Single Touch Payroll - it's happening! Are you ready to start reporting from 1 July 2019

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Single price $198.00
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(3+ registrations)
$594.00

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Recording

  • Expiry Date: 27 March 2020
  • Duration: 90 minutes
  • Views: 3 views per purchase

Recording Preview



Overview

This webinar will cover the expansion of the Single Touch Payroll (STP) regime from 1 July 2019 to small employers to electronically report payroll and superannuation amounts to the ATO.

All employers with 20 or more employees have been required to report under STP since 1 July 2018. The law now requires small employers (19 or fewer employees) to report through STP from 1 July 2019. More than 700,000 small employers will need to implement a reporting solution; this may involve acquiring or updating payroll software or adopting one of the different STP reporting options which will be available by 1 July 2019. The ATO will not force any small employer to purchase payroll software if they don't currently use it.

Alternative reporting options and low-cost reporting solutions at or below $10 per month will also be available to micro employers (4 or fewer employees), and they will be initially allowed to use their registered tax or BAS agent to report quarterly instead of at each payroll cycle.

Special rules will also be available for closely held employers.

 

Key questions to be addressed

  • What is STP?

  • What is a 'small', micro and 'closely held' employer?'

  • What information needs to be reported under STP?

  • What are the STP reporting timeframes?

  • Will PAYG payment summaries still be needed?

  • How will STP affect my employees?

  • Are there any changes to my payment obligations?

  • What exemptions and deferrals are available?

  • What if my software provider will not be ready by 1 July 2019?

  • What transitional relief will the ATO provide?

  • How will STP affect 'small' employers?

  • What are the alternative reporting options for 'micro' employers?

  • What are the special rules for 'closely held' employers?

CPD/CPE Points: 1.5

Presenters

Robyn  Jacobson, FCA, FCPA, CTA, Reg. Tax Agent Robyn Jacobson, FCA, FCPA, CTA, Reg. Tax Agent
Senior Tax Trainer
TaxBanter

Michael Karavas Michael Karavas
Director
Australian Taxation Office