23 July 2021
Employers should now be reporting through Single Touch Payroll (STP), unless they only have closely held payees or are covered by a deferral or exemption.
Changes to STP reporting for small employers with closely held payees and to quarterly reporting for micro employers applied from 1 July 2021. This may affect how you report to us.
After 1 July 2021, employers must report any closely held payees through STP. You can report these payees each pay day, or you can choose to report this information quarterly.
STP quarterly reporting concessions for micro employers will only be available to micro employers who meet certain eligibility requirements. These now include the need for exceptional circumstances to exist.
Registered agents can apply for this concession on a client's behalf.
Employers who haven't started reporting through STP and don't have a deferral or exemption need to start reporting now.
Remember, registered tax agents and BAS agents can help you with your tax.
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