for Businesses with Less than 20 Employees….
The ATO advises that it’s not too late to join the other 550,000 employers who are reporting through Single Touch Payroll (STP), but time is running out.
If you aren’t reporting through STP, you can start by:
- finding a software solution that’s right for you.
- asking for a concession. This could be reporting quarterly at the same time as your activity statement. Eligibility will depend on your circumstances.
- asking for more time if you’re not ready.
The ATO understands that it takes time to transition to STP, but there are a range of options to assist your transition.
Remember, registered bookkeepers and tax agents can help you with your transition.
You have until 30 June before penalties are applied.