| HTML Wrap | ||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ||||||||||||||||||||||||||||||||||||||||||||||||
Do I need to do use STP reporting?You need to do a headcount of your employees as at 1 April 2018. This is a headcount – not the full time equivalent (FTE) number. The ATO website explains more about this headcount. Did you have 20 or more employees on 1 April 2018?No | You don’t need to use STP reporting now, it's only optional. But all employers may need to start reporting using STP from 1 July 2019. Yes | You need to implement Single Touch Payroll by 1 July 2018. How do I use STP reporting?If you need to report your payroll activity, you need to upgrade to the new AccountRight (an AccountRight subscription entitles you to an upgrade) and set up Single Touch Payroll reporting. Can't upgrade just yet?The following features aren't available yet in the new AccountRight, so if you use any of these in AccountRight v19 you might not be able to upgrade just yet:
Watch this space! We'll have more info about your upgrade options soonthe other features not available in the new AccountRight, you may choose to upgrade now and do without the ability to directly transmit payments to your employees and suppliers until the new feature is available. In the meantime, you'll be able to pay your employees and suppliers electronically using the electronic payments feature. You do this by setting up AccountRight to create an electronic file containing payment details which you can upload to your bank for processing (known as the ABA file). The choice is yours. If you can, you can upgrade now or hold off from upgrading until the replacement for M-Powered Payments is available. For information about upgrading see Things you should know before upgrading. DeferralIf you can't upgrade because of any of the above, we've worked with the ATO and you have been granted a deferral from STP reporting until 3130/59/2019. Deferral numbers were will be communicated by email. Keep the number handy in case the ATO get in touch with you about your STP deferral. However, you’re not required to proactively contact the ATO. If you need any assistance in finding the deferral number, please contact MYOB support via Live Chat or by calling 1300 555 123.
|
Overview
Content Tools