WebJan 1, 2024 · Single Touch Payroll (STP) is the way you report your employees' tax and super information to the Australian Taxation Office (ATO). This information includes: salaries and wages pay as you go (PAYG) withholding superannuation. You send the information from your payroll or accounting solution (us) to the ATO as you run your payroll. WebSTP Reporting Required for Closely Held Payees Single Touch Payroll reporting will be required for closely held payees from 1 July, 2024, at the conclusion of a one-year …

Closely held employees: reporting STP on a quarterly basis

WebLearn more about reporting with STP. More about Single Touch Payroll Deferred Single Touch Payroll Phase 2 start date for Xero users . The ATO has granted Xero a deferral on the start date for Single Touch Payroll Phase 2. Instead of reporting your first STP Phase 2 pay run on 1 January 2024, all businesses who use Xero Payroll have until 31 ... WebThe ATO refers to these as closely held payees, but as we'll explain below you'll set them up in AccountRight as employees—so that's how we'll refer to them. Single Touch Payroll (STP) reporting The ATO require payments to closely held employees to be reported via STP at least quarterly. hanna hellqvist p3

Lodge Single Touch Payroll (STP) events for closely held employees

WebAccording to the ATO, employers’ quarterly STP reports for closely held payees must include the following details: Year-to-date amounts, up to the last day of the quarter, for … WebClosely held payees who are reported on a quarterly basis will be included in a separate finalisation event at the end of the financial year. Select start finalisation process and … WebSingle Touch Payroll (STP) Phase 2 will reduce the reporting burden for employers who need to report information about their employees to multiple government agencies. The mandatory start date for Phase 2 reporting is 1 January 2024. The ATO is offering a flexible approach to transition. hanna hesemans