Single Touch Payroll
From 1 July 2021, closely held payees will need to be reported through STP. You have the option to report this information on a quarterly basis.
If you have any other employees (also known as arm's length employees) they must be reported on or before each payday.
A closely held payee is an individual who is directly related to the entity from which they receive payments, for example:
family members of a family business
directors or shareholders of a company
beneficiaries of a trust.
If you only have closely held payees you are not required to start STP reporting until 1 July 2021.
Cloud Payroll can assist with your STP reporting requirements with different packages to suit your individual business needs.
Employers do not need to wait until 1 July 2021 to start reporting to the ATO. With Cloud Payroll you can start immediately ensuring full compliance.
If you would like to know how Cloud Payroll can assist, please contact Joanna Cruickshank.
National Sales Manager
Phone 02 9042-2689 ext 9291
Mobile 0407 900 495