What is STP?
In summary, STP is a Government initiative to simplify business reporting obligations relating to payroll. Essentially all employers will be required to report payroll information to the ATO at the time of payment. STP will also streamline processes including tax file number declarations, Super Choice forms and notifications to super funds and government agencies.

When and who does it apply to?
From 1 July 2019, STP relates to all employers however depending on your circumstances there may be some concessions or exclusions available.

What to do?
After you’ve spoken to your StewartBrown Manager or Partner you will either need to set up, upgrade or implement an STP compliant solution. We urge you to consult with us to assist with the process, in particular when processing annual Income Statements and Finalisation Declarations.

This special edition of our newsletter is to remind you of your 2019 financial year employer obligations and provide you with an update on employment matters:-

IMPORTANT CONSIDERATIONS

1. SINGLE TOUCH PAYROLL ("STP")

STP is a Government initiative to further simplify business reporting obligations. It is a mandatory reporting requirement for employers and will require employers to report payments such as salaries and wages, pay as you go (PAYG) withholding and superannuation information to the Australian Taxation Office (“ATO”) directly from their payroll systems at the same time employees are paid. It will eventually apply to every payroll system in Australia.

Welcome to our September 2019 edition of the StewartBrown newsletter. We hope to keep you informed of the important tax developments and issues affecting businesses in Australia today.

Welcome to our November 2019 edition of the StewartBrown newsletter. We hope to keep you informed of the important tax developments and issues affecting businesses in Australia today.

WELCOME

Welcome to our special edition of the StewartBrown newsletter where we keep you informed and updated with the latest tax and Government assistance package developments as they arise. This newsletter outlines the JobKeeper package from the employee’s perspective.

Welcome to this special edition of the StewartBrown newsletter where we update you on the proposed changes to the JobKeeper program announced earlier this week.

On Tuesday 21st July 2020, the Australian Government has announced proposed changes to payments under the JobKeeper and JobSeeker schemes and we summarise these for you.

Click here to view or download a copy of this newsletter.

Welcome to this special edition of the StewartBrown newsletter where we update you on proposed further changes to the JobKeeper Payment scheme announced recently.

On Tuesday 21st July 2020, the Australian Government has announced proposed changes to payments under the JobKeeper and JobSeeker schemes and we summarise these for you.

Click here to view or download a copy of this newsletter.

Welcome to this special edition of the StewartBrown newsletter where we update you on the recently enacted changes to the JobKeeper program. The JobKeeper Extension changes were previously referred to as JobKeeper 2.0 and JobKeeper 3.0 in previous newsletters.

The changes are quite complex and this newsletter cannot possibly cover all situations so we strongly advise you to seek guidance from your StewartBrown Manager or Partner if further assistance or clarification is needed.

To view or download a copy of this special edition newsletter, click here.

This special edition of our newsletter is to remind you of your employer obligations for year ended 30 June 2021, as well as to provide an update on key changes from 1 July 2021 onwards. Please contact your StewartBrown Manager or Partner should you need any assistance with any of the matters mentioned in the newsletter.

Click here to view or download a copy of our newsletter.

Welcome to our October 2021 special edition of the StewartBrown newsletter. Some important announcements have recently been made concerning the COVID-19 support payments and these are summarised for you below.

Welcome to our November 2021 edition of the StewartBrown newsletter. We hope to keep you informed of the important tax developments and issues affecting businesses in Australia today and throughout the year ahead.

Welcome to our February 2018 edition of the StewartBrown newsletter. We hope to keep you informed of the important tax developments and issues affecting businesses in Australia today. In this issue we bring you two important articles; the first being a reminder about the Single Touch Payroll system that soon becomes mandatory and secondly a new Government initiative aimed at reducing some pressure on housing affordability.

WELCOME

Welcome to our July 2019 edition of the StewartBrown newsletter. We hope to keep you informed of the important tax developments and issues affecting businesses in Australia today.