Do you run a business with less than 20 employees? Many small business owners I’ve been speaking to are not aware of the STP deadline on 30 September 2019. This is when you’re required to start submitting your payroll information to the ATO electronically every time you pay your employees.
MYOB’s latest research shows that 41% of businesses with 2-4 employees haven’t even heard of STP, and yet failing to implement it by the 30 September deadline means the ATO will contact you to find out why you haven’t complied with the new regulation.
Come and have a chat to me about how you can switch your payroll over to STP, and also whether you’re eligible for a deferral. Businesses with 1-4 employees can defer this, but they need to do so by 30 September through their tax agent. For more information on STP, see here.