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Changes to STP reporting for small employers with closely held payees now operating

10/27/2021

Changes to STP reporting for small employers with closely held payees now operating

Changes to Single Touch Payroll (STP) reporting applied from 1 July 2021 for small employers with closely held payees and for micro employers reporting quarterly. The ATO advises that if you use either of these STP reporting concessions, your STP report is due at the same time as your activity statement.  
From 1 July 2021, small employers must report any closely held payees through STP. You can report these payees every pay day, or you can choose to report quarterly.
From 1 July 2021, STP quarterly reporting concessions for micro employers are only available to those who meet certain eligibility requirements. These now include the need for exceptional circumstances to exist. Registered agents must apply for this concession on a client’s behalf.
Find out about:
Closely held payees
Micro employers
Single Touch Payroll
Newsagents who are employers who haven’t started reporting through STP and don’t have a deferral or exemption need to start reporting now. Remember, registered tax agents, your accountant and BAS agents can help you with your tax.