Legislative update: What you need to know from 1 July 2018 By Victoria Hansen and Lindsay Carroll, NRA Legal Penalty rate cuts Following a Fair Work Commission decision handed down last year, Sunday penalty rates for employees covered by the General Retail Industry Award, the Fast Food Industry Award, the Hospitality Industry (General) Award and […]
The ATO is urging employers with 20 or more employees to act now and prepare for Single Touch Payroll (STP) – the next step in streamlining payroll reporting. From 1 July 2018, employers will need to report their employees’ tax and super information to the ATO through payroll software that is STP ready. The ATO has useful material […]
Jason Daniels, Partner, Business Services, BDO The Australian Tax Office (ATO) has recently launched Single Touch Payroll Reporting (STPR) requirements that will be enforced from 1 July 2018. This will create significant changes for how businesses across the country report to and engage with regulators. Businesses with an employee head count of 20 or more will be […]
The Budget Savings (Omnibus) Bill 2016 received Royal Assent in September 2016 and the changes will streamline the way employers report some tax and superannuation information to the Australian Taxation Office (ATO). When employers pay their staff, the employees’ salary or wages and PAYG withholding amounts will be automatically reported to the ATO. Employers will […]