Hawkesbury Bookkeeping

Affordable Bookkeeping Solutions for your Small Business

ATO

Is your employee super up-to-date?

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Single Touch Payroll (STP) reporting, combined with improvements in super funds’ reporting through the Member Account Transaction Service (MATS) means that the ATO now has near real-time data to show employers’ compliance with their super guarantee (SG) obligations.

The ATO will use this data to help prevent and correct late or under-payment of employer superannuation guarantee contributions.

If you have not met your SG obligations, the ATO may be making contact to:

  • request lodgment of super guarantee charge statement(s), if you have paid late or under-paid SG obligations in a previous quarter
  • remind you to pay their current quarterly SG obligations by the due date

If you need help in getting your superannuation in order, please Contact Us or Book a Chat.

Information provided by the ATO

It’s time to move to Single Touch Payroll

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Single Touch Payroll (STP) reporting is here and it’s time to make the move. The ATO guideline is that employers should have transitioned to STP by 30 September 2019.

STP changes the way you report your employees’ tax and super information to us. You now need to report salaries and wages, pay as you go (PAYG) withholding and super information to the ATO each time you pay your employees.

Xero, MYOB and QuickBooks all have STP solutions built into their software so talk to us today about taking the next step to implement the solution that best suits your small business. Alternatively, book a Chat but be quick because 30 September is fast approaching.

Changes to AusKey and Business Portal Access

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The Australian Government is developing new digital services to transform the way Australians interact with government. These services are:

  • myGovID – an authentication service that allows you to prove who you are online
  • Relationship Authorisation Manager (RAM) – an authorisation service that allows you to link your myGovID to an ABN and manage who can act on behalf of your business online.

From March 2020, myGovID and RAM are scheduled to replace AUSkey. They provide secure, simple and flexible access to government online services.

To find out more about myGovID, click here for more information.