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Single Touch Payroll, processes

Institute of Certified Bookkeepers Making you Count. Single Touch Payroll, processes. A Business Perspective. Institute of Certified Bookkeepers Making you Count. Concept. “ A ” STP is a good thing STP is not new, it is the evolution ATO recognising what is possible.

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Single Touch Payroll, processes

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  1. Institute of Certified Bookkeepers Making you Count Single Touch Payroll, processes A Business Perspective

  2. Institute of Certified Bookkeepers Making you Count Concept “A” STP is a good thing STP is not new, it is the evolution ATO recognising what is possible

  3. Institute of Certified Bookkeepers Making you Count Employers say…. to Software companies • Keep it simple • Facilitate my easy business process • STP to government should be irrelevant

  4. Institute of Certified Bookkeepers Making you Count Employers say…. to Government • Keep it simple • I already do payroll – don’t make it harder • Talk to the software companies • Why?

  5. Institute of Certified Bookkeepers Making you Count OnBoarding myGov “Retail” “Authorised Prefill” ATO  Employer BMS BMS: Employee Portal BMS: Employer BMS: OnBoarded “Wholesale” ATO

  6. Institute of Certified Bookkeepers Making you Count BMS: Payrun Pay Calc Pay Slip Bank Instruction Accrue PAYGW Accrue SGC BMS: Report to ATO

  7. Institute of Certified Bookkeepers Making you Count BMS: Payment Event 1. Activity Statement – PAYGW paid and allocated 2. SuperStream Payment – Message to ATO aswell

  8. Institute of Certified Bookkeepers Making you Count ATO compliance Payrun – PAYGW Accrued to PAYGW Balance A/c (No payment information – chase it) Payment Due – Balance moved to ICA (internal ATO) Payment Made – Offset Balance

  9. Institute of Certified Bookkeepers Making you Count Authority to …… STP system must be consistent with TAA etc etc TASA Software must ensure authorisation process ?is the law being changed – form submitted to the ato

  10. Institute of Certified Bookkeepers Making you Count ATO Ask the questions if you have any Chase the crooks Where is FairWork?

  11. Institute of Certified Bookkeepers Making you Count Business Perspective Keep it Simple Natural Business Systems Make me effective

  12. Institute of Certified Bookkeepers Making you Count • Business Perspective • Why? • Efficient OnBoarding (one step) • Level Playing Field (I need to see it) • Please Don’t • Create a new system or a new form Unconvinced No more payment summaries Deregulation / reduction in Red Tape ATO Certainty that it is good for me Less and Less and Less Employment

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