Single Touch Payroll Update for Employers < 19 Employees
Employers with 19 or fewer employees are required to start reporting through Single Touch Payroll ('STP') from 1 July 2019. The ATO will be working with employers to support them as they transition to STP, including allowing small employers to start reporting any time from 1 July to 30 September (and the ATO will also be "generous" in granting deferrals to small employers who need more time to start STP reporting).
Exemptions and deferrals:
The ATO has also reminded employees that how they get their end of financial year information from their employer, showing their earnings for the year, depends on how their employer reports their income, tax and super information to the ATO.
Specifically:
Also in this month's update:
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