Have you missed the STP start date?

Small employers had until 30 September to start reporting through Single Touch Payroll (STP). There are 3 options if you missed the deadline:

1. Start reporting

If you already use accounting or payroll software, check whether it offers STP reporting. If it does, enable the STP function and start reporting straight away. If you need new software or an upgrade, the ATO has a list of providers that offer STP reporting products.

See this link for the list of low cost Single Touch Payroll solutions

2. Apply for a reporting concession if one exists

Micro-employers (1–4 employees) who need more time to move to STP reporting can ask their registered tax or BAS agent to report on their behalf on a quarterly basis. This can continue until 30 June 2021.

Read more about reporting concessions here

3. Ask for more time by applying for a deferral or exemption

For employers with 19 or less employees, you or your registered agent can ask the ATO for a deferral by logging into the ATO Business Portal or phoning the ATO.

For employers with 20 or more employees, your software provider may have applied to the ATO for a later start date for STP reporting. This deferral would cover you as an existing client.

The option you choose will depend on your circumstances but it’s important to start reporting or get in touch with the ATO as soon as possible.

More about deferrals

More about exemptions

Comments are closed.

Post Navigation

DISCLAIMER
Thompsons Australia Newsletters and articles are distributed by professional tax practitioners to provide information of general interest to our clients. The content of this newsletter does not constitute specific advice. Readers are encouraged to consult their tax adviser for advice on specific matters.

Newsletter Archives

Client Information Archives

business news July 2019 Business news July 2020 Business newsletter - November 2019 Business Newsletter - September 2019 Business newsletter June 2020 car expenses jobkeeper motor vehicle expenses single touch payroll small business Small Business - March newsletter Special Budget Edition 2019-20 vehicle expenses