Single Touch Payroll
With so much going on in and around your business, keeping it alive let alone making it a success, can be a challenge. But from July 1, 2019, Single Touch Payroll (STP) reporting is going to make running your business a little bit harder.
Single Touch Payroll demands you send salary, wage, PAYG withheld and superannuation information for each of your employees to the ATO. It needs to be submitted online in a special digital format called an SBR (Standard Business Reporting).
The worst part?
You can’t submit this information once a year anymore. You need to submit this information in the SBR format every single pay run to stay compliant with ATO regulations.
Single Touch Payroll: another thing to add to your already endless list of things to do
Your business already has you under the pump. Trying to meet your clients’ demands. Deliver projects and/or products to satisfaction. Looking after financials.
Life is stressful enough without Single Touch Payroll and all its extra regulatory bits and pieces.
But Single Touch Payroll is something you can’t put in the ‘too hard’ basket. You can’t avoid it. It’s not going away. It’s here to stay. And there are heavy fines for businesses that aren’t ATO compliant.
We make Single Touch Payroll quick, easy and painless
If you’re feeling stressed because you haven’t set up Single Touch Payroll yet, you can stop worrying.
We’ve been in the accounting business for decades. We understand the ATO’s compliance regulations through and through. And we’re completely up to date on Single Touch Payroll requirements.
Whether you’re a small, medium or large business, we’ll get you set up with Single Touch Payroll in a flash. We’ll register you with the ATO, set up ATO compliant reporting software and set up all your employees correctly so you don’t need to.
After set up, we’ll give you the training you need so you can move forward with confidence. And we’ll be here to support you on an ongoing basis too.
With our help, you’ll be able to fulfill all your ATO reporting requirements, stay compliant and get on with business. Without any headaches.
Need our help setting up Single Touch Payroll for your business?
If you do, we’re here for you. We believe in taking care of our clients with the utmost care with a friendly, proactive approach.
Just give us a call on (03) 5975 0488 or get in touch via our contact form for more information.
We look forward to meeting you.
TAX AGENTS . ACCOUNTING . BUSINESS ADVISORS