From 1st July all employers will need to report wage details (gross wages, PAYG withholding and super) for ALL employees using Single Touch Payroll (STP) enabled software.
Reporting exemptions for closely held employees (owners and their families) will expire on 30th June 2021.
STP reporting removes the need to create group certificates or payment summaries – data is reported to the ATO throughout the year and employees can view it at anytime in their MyGov account.
If you have not yet setup a payroll system – now is the time to prepare, if you already have payroll setup, it may just be a matter of connecting your system to the ATO portal. Ask for help so you are ready come July 1st.
