Employers should now be reporting through Single Touch Payroll (STP), unless they only have closely held payees or are covered by a deferral or exemption.
There are changes to STP reporting for small employers with closely held payees and to quarterly reporting for micro employers from 1 July 2021. This may affect how you report to the ATO.
From 1 July 2021, employers must report any closely held payees through STP. You can choose to report these payees each pay day, monthly or quarterly.
From 1 July 2021, STP quarterly reporting concessions for micro employers will only be available to micro employers who meet certain eligibility requirements. These now include the need for exceptional circumstances to exist.
Employers can apply for this concession through the online deferral tool from 1 July 2021.
Employers who haven't started reporting through STP and don't have a deferral or exemption need to start reporting now.
Remember ODV can help assist you with this. Please contact us to and we can assist you.