‘Big awareness push’ underway as STP deadline approaches
Hundreds of thousands of businesses have been prompted by the ATO to get started with their Single Touch Payroll provisions, and its project lead at the tax office believes the business community is better prepared than it was for last year’s deadline.
Through email and national advertising campaigns, the ATO is drilling in the 1 July deadline for STP, which applies to businesses with 19 or fewer employees.
Assistant commissioner at the ATO John Shepherd thinks accountants, bookkeepers and their small business clients are better prepared for this deadline than they were for the first one in 2018, which applied to businesses with 20 or more employees.
“The knowledge levels have come up… bookkeepers are helping with that message and that preparation,” Mr Shepherd told Accountants Daily at the Accounting Business Expo on Wednesday.
Many software providers weren’t ready for last year’s deadline, which had a knock-on impact on the business community.
“Last year, a lot of the products were only just ready. This time, a lot more are ready, and they are ready with options for smaller employers,” Mr Shepherd said.
However, at this stage, there are more STP products in development and slated for release than there are products that are ready for implementation.
At the beginning of April, information for and access to deferrals for STP will be published on the ATO’s website. There are quarterly reporting options for micro-businesses as part of the transitional arrangements.
Katarina Taurian
21 March 2019
accountantsdaily.com.au
Hot Issues
- Small businesses may ‘collapse under strain of payday super’, IPA warns
- ATO’s hands tied with scrapping on-hold debts, expert says
- What Drives Your Business Growth and Profits?
- Australian Taxation Office (ATO) shifting to firmer debt collection activity
- Why employee v contractor comes down to fine print
- Sharing economy reporting regime for platform operators
- Countries producing the most solar power by gigawatt hours
- Illegal access nets $637 million
- Accessing superannuation benefits.
- Does your business have a company Power of Attorney?
- Labor tweaks stage 3 tax cuts to make room for ‘middle Australia’
- GrantConnect
- 2 in 3 SMEs benefit from instant asset write-off, survey reveals
- Updated guidance on R&D claims
- Do you know how to recover debts?
- Wheat Production by Country
- Types of small business benchmarks
- What is a Commercial Lease?
- ATO warns advisers against suspect R&D tax claims
- The year of workplace law upheaval
- How to Resolve Invoice Payment Disputes
- Raft of revenue tweaks in MYEFO to raise millions
- The Countries that Export the Most Wine in the World
Article archive
- October - December 2023
- July - September 2023
- April - June 2023
- January - March 2023
- October - December 2022
- July - September 2022
- April - June 2022
- January - March 2022
- October - December 2021
- July - September 2021
- April - June 2021
- January - March 2021
- October - December 2020
- July - September 2020
- April - June 2020
- January - March 2020
- October - December 2019
- July - September 2019
- April - June 2019
- January - March 2019
- October - December 2018
- July - September 2018
- April - June 2018
- January - March 2018
- October - December 2017
- July - September 2017
- April - June 2017
- January - March 2017
- October - December 2016
- July - September 2016
- April - June 2016
- January - March 2016
- October - December 2015
- July - September 2015
- April - June 2015
- January - March 2015
- October - December 2014
April - June 2019 archive
- ATO clears up FAQs about Single Touch Payroll
- GST reporting: common errors and how to correct them
- LRBAs, guarantees in need of review after property market falls
- Victorian Property Valuation Cycle
- Australia - toward EOFY 2019
- Australian Taxation Office (ATO) expects 200,000 to miss out on refunds by failing to lodge
- Biggest personal tax cuts in a decade a priority for Government
- Government rules out GST changes following ATO report
- ATO issues warning after ‘unprecedented’ spike in impersonation scams
- Crypto transactions in ATO sights with new data-matching program
- Government to establish $2 billion fund for small business lending
- Small business corporate tax rates Bill is now law
- ATO to double rental deduction audits to 4,500
- ATO set to issue excess super contribution determinations
- How's Australia going as we approach the election?
- Single Touch Payroll (STP) is compulsory for all small businesses.
- Federal Budget 2019 - Overview
- How the 2019 Federal Budget affects you
- FBT Reminder – Odometer Reading
- ‘Big awareness push’ underway as STP deadline approaches
- GST collection on overseas goods at 300% of forecasts
- The problem with getting to 53 years of age.
- Lost Beneficiaries
- New quarterly STP reporting method for closely held payees revealed
- Some Australian figures to help on Budget night.
- Employers hit with rolling SG audits as ATO toughens stance
What our clients say about us