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Small employers single touch payroll: what you need to know

By the end of September all small employers must have reported their payroll information to the ATO.

According to Australian Bureau of Statistics 2018 census there are 2901 small businesses in the South Burnett region. Picture: PeopleImages
According to Australian Bureau of Statistics 2018 census there are 2901 small businesses in the South Burnett region. Picture: PeopleImages

BY THE end of September all small employers must have reported their payroll information to the ATO, and in the South Burnett there are nearly 3000 businesses who are affected by this change.

According to Australian Bureau of Statistics 2018 census there are 2901 small businesses in the South Burnett region.

Small employers (those with 19 or less employees) need to get ready for Single Touch Payroll (STP) ahead of the 30 September start date.

The end of the month is the deadline to upgrade businesses payroll software, unless you have applied for a concession.

The South Burnett, and specifically Kingaroy, has been flagged as having a high concentration of small businesses.

STP became mandatory for small employers from July 1 this year, however, the ATO granted an extension to businesses that needed more time to get ready until September 30.

There are concessions available for employers that employ, family members or other 'closely held' payees, micro employers with one to four employees, those who employ intermittent or seasonal workers or employers who don't have access to a reliable internet connection.

ATO Assistant Commissioner Jason Lucchese said it was time for small employers to be aware of their options and take the right steps to get ready.

"More than 400,000 employers are already reporting their employees' tax and superannuation information digitally through STP, but we understand all employers operate in slightly different ways and every industry has unique challenges which can affect their payroll processes,” he said.

"Regardless of whether you're ready to start reporting, or if you still need more time to get ready, there are options available to you.”

To help small employers better understand their options, the ATO has developed a range of handy fact-sheets and other resources which are available on the ATO's website.

There's also an interactive online quiz to help determine what their next step should be here.

Originally published as Small employers single touch payroll: what you need to know

Original URL: https://www.thechronicle.com.au/news/queensland/south-burnett/small-employers-single-touch-payroll-what-you-need-to-know/news-story/b26c4ddc2a0acded98259fa295c8c44d