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STP implementation hitting roadblocks with bigger firms

STP implementation hitting roadblocks with bigger firms

Bookkeeping executives are continuing to find their clients are struggling with the rollout of Single Touch Payroll, with larger businesses in particular facing an uphill battle with compliance. 

Bookkeeper Jotham Lian 24 January 2018

The introduction of STP for employers with more than 20 employees will start on 1 July 2018 while STP for employers with 19 or less employees will begin on 1 July 2019.

Speaking to The Bookkeeper, Direct Management director Diane Lucas says she is seeing pushback from bigger firms who are struggling with the increased red tape.

“Some of the larger businesses feel like it's basically a forced compliance for them and I think there is a reluctance for that to be forced upon them when they feel that they are compliant anyway,” said Ms Lucas.

“To have that actually put through automation as opposed to a voluntary lodgement because at the moment they are lodging on time but in our own time as opposed to having gone through the pay run process. 

“Some of the big businesses are not happy from that aspect and our role as bookkeepers is to try and sell it really.”

In addition, Ms Lucas said certain software providers have been slow in their development for STP, further delaying the implementation process.

“Implementing into an organisation is another thing and I also believe and understand that there are still some software vendors who are yet to finalise their processes for that which is a bit of a challenge for organisations to bring that process into fruition,” said Ms Lucas.

Her comments follow a poll conducted by Accountants Daily, which shows an overwhelming majority of participants — almost 90 per cent of the 623 votes  — are not prepared for STP.

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STP implementation hitting roadblocks with bigger firms
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