by Marketing | Oct 28, 2021 | BAS Bookkeeping, Business Startup, Employment, Payroll, Superannuation
For many years, employees have been able to choose a fund for employer superannuation guarantee contributions. If the employee failed to exercise that choice, the employer could create a new super fund on their behalf. Over time, employees can end up with multiple...
by Marketing | May 10, 2021 | Directors, Payroll
Since 1 July 2020, all employers must report their payroll via the new Single Touch Payroll (STP) system. The ATO has announced if employers do not have a specific deferral or exemption, the ATO can impose penalties. A general deferral is in place for closely held...
by Marketing | Dec 10, 2019 | BAS Bookkeeping, Bookkeeping Services, Business Startup, Company Setup, Employment, Income Tax - Business, Payroll, Single Touch Payroll
Single Touch Payroll (STP) was introduced on 1 July 2019 and has changed where every employer will be required to use the system. If you are still using a manual system to pay your staff, you will need to change soon. Recent legislative changes now remove the need for...
by Marketing | Jan 19, 2019 | BAS Bookkeeping, Employment, Payroll, Single Touch Payroll
From 1 July 2019, all employers who pay wages, withhold tax from wages and or contractors, make super contributions or pay fringe benefits will be required to report to the ATO under the Singe Touch Payroll (STP) system. Benefits: 1. Employers will no longer be...
