UPDATE: Single Touch Payroll
STP FOR ALL EMPLOYERS
– WHAT IS IT AND HOW DOES IT AFFECT YOU?
STP is now a requirement for all businesses who employ any number of staff as of 1 July this year so you must not ignore this new obligation which is awaiting Royal Assent but passed through parliament this week. STP is a computerised Single Touch Payroll reporting system. You must lodge with the ATO via a STP ready software every time you process a pay. If you currently use a STP-ready software, and manage your own payroll, you may need to learn how to lodge your payroll automatically with the ATO. Otherwise, we are ready to help! You can contact us and we will move you to a simple Low Cost solution for reporting which will also help your business reporting. There are many efficiencies to be gained by using a computer package for reporting rather than the complexity of a manual system which is notorious for errors and training for the business owner which is not always practical. Our office can offer you a range of book keeping services and systems to meet your needs and be tax office compliant. Please contact us now to see how we can help and how you can be ready for this July 1 change!
MIRANDA ACCOUNTING SERVICES 8/263 – 271 Wells Road, Chelsea Heights Vic 3196 PO Box 476, Patterson Lakes VIC 3197 Tel 03 9773 3647 www.mirandas.com.au