Teresa Tran & Associates

• ATO will now have access to payslip information (only gross pay, tax, super. No hours or wage rate)
• From 2020 ATO will pre-fill activity statement labels W1 and W2 for small and medium withholders with the information you report to us through STP. If you currently lodge an activity statement you will continue to do so. 

  
  

• Weekly, fortnightly, monthly

• Employers with 1-4 employees (micro employers) This option will be available until 30 June 2021. 

• Employers with 19 or less employees can report closely held payees quarterly from 1 July 2020. 

  • closely held staff/payees are family members, directors, etc. in a family business.

For Out-of-cycle reporting

• You may make payments to employees other than as part of the their regular pay cycle, such as when you pay commissions, bonuses, payments in advance or back payments.
  These payments may be reported by either:
  • submitting a pay event on or before the pay day you made the payment
  • including the out-of-cycle payment made to the employee in the next regular pay event you lodge. If the next regular pay cycle is in the following financial year, you must report the payment by 30 June in the year the payment was made before you finalise.
  • This is distinct from an ad hoc payment that is generally either run as a calculation simulation or as an advance of the regular salary (which is deemed as a loan) and should be reported at the time the actual salary is calculated.

1. xero
2. myob essentials (not myob accountright)
3. reckon one

• You are required to report a pay event to the ATO on or before the pay day. The pay day is either the payment date stipulated in the electronic transaction to your financial institution or, if you did not stipulate a date for payment, the date you intend to make the payment into your employee's bank account.
• If you include out-of-cycle payments in your regular pay event, report the date of your regular pay day.

• Gross pay, tax, super, deductions, allowance
• NO worked hours, no leave hours accrued
• You must report the year-to-date values 
• staff's:
  • full name
  • DOB
  • Tax File Number (TFN) & TFN declaration form
  • Address
  • superfund name & member number

• Pick a software 

• Get all your staff details as mentioned above

• your business details

• call ATO to let them know what software you picked. You should be given a software ID from your software

What if I look after multiple businesses?

See link here Last modified: 21 Nov 2018 QC 56697