64 Jolimont Street, East Melbourne VIC 3002

Accounting News

There’s still time to move to Single Touch Payroll (STP)

It’s not too late to join the other 550,000 employers who are reporting through Single Touch Payroll (STP), but time is running out.

 

 

If you aren’t reporting through STP, you can start by:

  • finding a software solution that’s right for you.
  • asking for a concession. This could be reporting quarterly at the same time as your activity statement. Eligibility will depend on your circumstances.
  • asking for more time if you're not ready.

We understand that it takes time to transition to STP, but there are a range of options to assist your transition. Watch our video of a small business owner's experience transitioning to STP.

If you have been affected by a natural disaster, there is additional support available and we will help you sort out your tax affairs later.

Remember, registered tax agents can help you with your tax.

Find out more about:

 

ATO

 

 

 

Article Date: February 25, 2020


W Marshall & Associates 64 Jolimont Street, East Melbourne VIC 3002

Important: This is not advice. Clients should not act solely on the basis of the material contained in this Commentary. Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before taking any action. The Commentary is issued as a helpful guide to clients and for their private information. Therefore it should be regarded as confidential and not be made available to any person without our prior approval.