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Non-compliant STP clients set for ATO contact

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Non-compliant STP clients set for ATO contact

With less than half of the small business community yet to start reporting through Single Touch Payroll, the Tax Office will soon begin writing to employer clients ahead of the impending deadline.

Bookkeeper Reporter 15 August 2019
— 1 minute read

Over 300,000 small businesses are now reporting through Single Touch Payroll, out of the estimated 750,000 total small business population.

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The latest figures mean compliance rate is around 40 per cent for small businesses at the moment, while 96 per cent of all substantial employers, those with 20 or more employees, are now reporting under the new payroll regime.

With small employers given a three-month buffer until 30 September to start reporting or apply for extra time, time is fast running out for such businesses to get ready.

Accordingly, the ATO will soon be writing to small employers who have yet to start reporting or apply for a deferral, to remind them of their STP obligations.

Acknowledging that some of these owners could be clients, the Tax Office has urged agents to be ready to support their clients in the transition to the new reporting regime.

The ATO has been ramping up its STP marketing push, recently releasing a number of fact sheets, including ones for small employers, micro employers and closely held payees.

It has also begun rolling out STP material in other languages to help various employers in different communities, as well as specific industry packs to help businesses in a particular industry understand their obligations.

Common mistakes

ATO assistant commissioner Jason Lucchese recently spoke with Accountants Daily, revealing common mistakes the agency continues to see.

The first involves not having the appropriate authorisations to allow the registered tax or BAS agents to act on behalf of the client for STP lodgement.

The other most common mistake involves failure to notify the ATO of the software service ID (SSID).

Non-compliant STP clients set for ATO contact
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