The ATO has introduced a new reporting requirement for businesses that have employees, called Single Touch Payroll (STP). This requirement requires electronic reporting of payroll information to the ATO on a pay-run to pay-run basis.
The ATO have stated they will not start penalising businesses until 30th September 2019 for non-compliance, as such if you have employees and are not yet setup for STP we suggest this is rectified as quickly as possible.
Hall Chadwick have the following guides to assist your business:
Single Touch Payroll Compliance – overview of the new requirements
Payroll Management – summary of a number of payroll systems targeted at SMEs
If you would like further information or guidance on choosing the best payroll system for you please contact our team on 08 9426 0666 or firstname.lastname@example.org